Plaza Retail REIT announces November 2017 distribution
November 20 2017 - 11:30AM
PR Newswire (Canada)
FREDERICTON, Nov. 20, 2017 /CNW/ - Plaza Retail REIT
("Plaza") (TSX: PLZ.UN) today announced its November 2017 monthly distribution in the amount
of $0.0225 per unit ($0.27 annualized). The November distribution will
be payable on December 15, 2017 to
unitholders of record as at November
30, 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 September 30, 2017 includes interests in 295
properties totaling approximately 7.7 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 90% national tenants.
SOURCE Plaza Retail REIT
Copyright 2017 Canada NewsWire
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