On March 7, 2018, Cominar Real Estate Investment Trust adjusted its monthly distribution from $0.095 per unit to $0.06 per unit, beginning with the distribution of March of 2018, payable in April of 2018.

The company welcomes three new board members with deep real estate and capital markets experience, enhancing the REIT's board as it navigates a dynamic real estate landscape. Ghislaine Laberge, who has served as Trustee since Cominar's initial public offering in May of 1998 has stepped down from Cominar's Board of Trustee effective March 8, 2018. In addition, Paul Campbell and René Tremblay have been appointed as trustees of the REIT, effective March 8, 2018. Paul Campbell has over 40 years of leading real estate experience in Canada and abroad in the office and retail segments. Mr. Campbell has held numerous board, senior leadership and advisory positions with several large real estate organizations, including Kingsett, 20 Vic, SITQ, Bentall, Revenue Properties, Maron Properties, Oxford, Campeau Corporation, Trilea and Bramalea. René Tremblay has over 35 years of global real estate experience, primarily in retail and strong named executive officer (NEO) experience. Former Chairman and President of Taubman Asia, the Asian arm of U.S. NYSE listed Taubman Centres, a leader in the shopping centre industry. Furthermore, Mary-Ann Bell has advised that she will not be submitting her nomination at the upcoming annual general meeting to be held in May of 2018. A new nominee, Heather Kirk will be seeking election as a trustee of the REIT at the upcoming annual general meeting. Heather Kirk, CFA, has over 20 years of capital markets experience in the Canadian REIT sector, most recently as Managing Director at BMO from 2013 to 2018, where as an equity analyst she covered several Canadian REITS including Cominar.