Plaza Retail REIT Announces December 2017 Distribution
December 18 2017 - 12:05PM
PR Newswire (Canada)
FREDERICTON, Dec. 18, 2017 /CNW/ - Plaza Retail REIT ("Plaza")
(TSX: PLZ.UN) today announced its December
2017 monthly distribution in the amount of $0.0225 per unit ($0.27 annualized). The December
distribution will be payable on January 15,
2018 to unitholders of record as at December 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 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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