Plaza Retail REIT announces September 2017 distribution
September 19 2017 - 1:16PM
PR Newswire (Canada)
FREDERICTON, Sept. 19, 2017 /CNW/ - Plaza Retail REIT
("Plaza") (TSX: PLZ.UN) today announced its September 2017 monthly distribution in the amount
of $0.0225 per unit ($0.27 annualized). The September
distribution will be payable on October 16,
2017 to unitholders of record as at September 29, 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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