Mr. Michael Zakuta reports

PLAZA RETAIL REIT ANNOUNCES OCTOBER 2023 DISTRIBUTION

Plaza Retail REIT has declared its October, 2023, monthly distribution in the amount of 2.333 cents per unit (28 cents annualized). The October distribution will be payable on Nov. 15, 2023, to unitholders of record as at Oct. 31, 2023.

About Plaza Retail REIT

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 June 30, 2023, includes interests in 234 properties totalling approximately 8.8 million square feet across Canada and additional lands held for development. Plaza's portfolio largely consists of open-air centres and stand-alone small-box retail outlets and is predominantly occupied by national tenants with a focus on the essential needs, value and convenience market segments.