Plaza Retail REIT Announces March 2018 Distribution
March 20 2018 - 2:42PM
PR Newswire (Canada)
FREDERICTON, March 20, 2018 /CNW/ - Plaza Retail REIT
("Plaza") (TSX: PLZ.UN) today announced its March 2018 monthly distribution in the amount of
$0.02333 per unit ($0.28 annualized). The March distribution
will be payable on April 16, 2018 to
unitholders of record as at March 29,
2018.
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 December 31, 2017 includes interests in 298
properties totaling approximately 7.8 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.
For more information, please visit www.plaza.ca.
SOURCE Plaza Retail REIT
Copyright 2018 Canada NewsWire
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