Plaza Retail REIT Announces January 2018 Distribution
January 18 2018 - 9:53AM
PR Newswire (Canada)
FREDERICTON, Jan. 18, 2018 /CNW/ - Plaza Retail REIT
("Plaza") (TSX: PLZ.UN) today announced its January 2018 monthly distribution in the amount
of $0.0233 per unit ($0.28 annualized). The January distribution
will be payable on February 15, 2018
to unitholders of record as at January
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, 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 2018 Canada NewsWire
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