Plaza Retail REIT Announces April 2018 Distribution
April 19 2018 - 9:00AM
PR Newswire (Canada)
FREDERICTON, April 19, 2018 /CNW/ - Plaza Retail REIT
("Plaza") (TSX: PLZ.UN) today announced its April 2018 monthly distribution in the amount of
$0.02333 per unit ($0.28 annualized). The April distribution
will be payable on May 15, 2018 to
unitholders of record as at April 30,
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 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.
SOURCE Plaza Retail REIT
Copyright 2018 Canada NewsWire
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