Plaza Retail REIT announces August 2017 distribution
August 16 2017 - 12:11PM
PR Newswire (Canada)
FREDERICTON, Aug. 16, 2017 /CNW/ - Plaza Retail REIT
("Plaza") (TSX: PLZ.UN) today announced its August 2017 monthly distribution in the amount of
$0.0225 per unit ($0.27 annualized). The August distribution will
be payable on September 15, 2017 to
unitholders of record as at August
31, 2017.
Under Plaza's Distribution Reinvestment Plan ("DRIP")
unitholders are able to reinvest distributions in additional units
at a 3% discount. Units purchased under the DRIP are not subject to
the payment of brokerage commissions. Units will be valued at the
weighted average closing price on the previous 5 trading days.
Plaza is an open-ended real estate investment trust and is a
leading retail property owner and developer, particularly in
Eastern Canada. Plaza's portfolio at June 30, 2017 includes interests in 296
properties totaling approximately 7.6 million square feet across
Canada and additional lands held
for development. Plaza's properties include a mix of strip plazas,
stand-alone small box retail outlets and enclosed shopping centres,
anchored by approximately 91% national tenants.
SOURCE Plaza Retail REIT
Copyright 2017 Canada NewsWire
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