Plaza Retail REIT announces February 2018 distribution
February 16 2018 - 1:08PM
PR Newswire (Canada)
FREDERICTON, Feb.16, 2018 /CNW/
- Plaza Retail REIT ("Plaza") (TSX: PLZ.UN) today announced
its February 2018 monthly
distribution in the amount of $0.0233
per unit ($0.28 annualized). The
February distribution will be payable on March 15, 2018 to unitholders of record as at
February 28, 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.
For more information, please visit www.plaza.ca.
SOURCE Plaza Retail REIT
Copyright 2018 Canada NewsWire
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