Mr. Rai Sahi reports

MORGUARD NORTH AMERICAN RESIDENTIAL REIT DECLARES APRIL 2021 DISTRIBUTION OF $0.0583 PER UNIT

Morguard North American Residential REIT has declared a distribution of 5.83 cents per unit for the month of April, 2021. The distribution will be payable on May 14, 2021, to unitholders of record as at April 30, 2021.

About Morguard North American Residential REIT

The REIT is an unincorporated, open-ended real estate investment trust that owns, through a limited partnership, interests in Canadian residential apartment communities, located in Alberta and Ontario, and U.S. residential apartment communities, located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland.