An anonymous trustee reports

MORGUARD NORTH AMERICAN RESIDENTIAL REIT DECLARES DECEMBER 2018 DISTRIBUTION OF $0.0566 PER UNIT

Morguard North American Residential REIT has declared a distribution of 5.66 cents per unit for the month of December, 2018. The distribution will be payable on Jan. 15, 2019, to unitholders of record as at Dec. 31, 2018.