Ms. Floriana Cipollone reports
PLAZA RETAIL REIT ANNOUNCES JUNE 2017 DISTRIBUTION
Plaza Retail REIT has declared its June, 2017, monthly distribution in the amount of 2.25 cents per unit (27 cents annualized). The June distribution will be payable on July 17, 2017, to unitholders of record as at June 30, 2017.
Under Plaza's distribution reinvestment plan, unitholders are able to reinvest distributions in additional units at a 3-per-cent discount. Units purchased under the distribution reinvestment plan are not subject to the payment of brokerage commissions. Units will be valued at the weighted average closing price on the previous five 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 current portfolio includes interests in 296 properties totalling approximately 7.8 million square feet across Canada and additional lands held for development.
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