Plaza Retail REIT Announces May 2018 Distribution
May 22 2018 - 3:45PM
PR Newswire (Canada)
FREDERICTON, May 22, 2018 /CNW/ - Plaza Retail REIT
("Plaza") (TSX: PLZ.UN) today announced its May 2018 monthly distribution in the amount of
$0.02333 per unit ($0.28 annualized). The May distribution will
be payable on June 15, 2018 to
unitholders of record as at May 31,
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, focused on
Ontario, Quebec and Atlantic
Canada. Plaza's portfolio at March
31, 2018 includes interests in 297 properties totaling
approximately 8.1 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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