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
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