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Canadian Apartment Properties Real Estate Investme

11:49 AM EST - Canadian Apartment Properties Real Estate Investme : has approved a 3.4% increase in annualized cash distributions to $1.22 per Unit ($0.1017 per Unit monthly) effective with the May 2015 distribution payable on June 15, to unitholders of Record as at May 29. Canadian Apartment Properties Real Estate Investment Trust units T.CAR.UN are trading up $0.08 at $28.35.