With oil prices remaining weak, we are removing Canadian Apartment Property REIT (OTC: CDPYF) from the Maximum Income for Retirees portfolio due to its relatively low distribution rate (4.1%) combined with the decreasing likelihood that the distribution will be raised anytime soon given the extent to which the energy sector impacts real estate values in Canada. However, if your objective is total return and not maximum income then it is okay to continue to hold on to it, as our sister publication Canadian Edge continues to rate it as an active buy recommendation.