May 8 (Reuters) - Partners Real Estate Investment Trust PAR_u.TO :
* PARTNERS REIT PROVIDES UPDATE
* PARTNERS REAL ESTATE INVESTMENT TRUST - SPECIAL CASH DISTRIBUTION TO ALL UNITHOLDERS OF REIT OF A PORTION OF NET PROCEEDS FROM QUÉBEC SALE TRANSACTION
* PARTNERS REAL ESTATE INVESTMENT TRUST SAYS ANNOUNCED DECISION OF PARTNERS' BOARD OF TRUSTEES TO DISCONTINUE MONTHLY CASH DISTRIBUTION.
* PARTNERS REAL ESTATE INVESTMENT TRUST SAYS NET CASH PROCEEDS FROM SALE OF REIT'S RETAIL PROPERTIES IN QUÉBEC WERE APPROXIMATELY $64 MILLION