PLAZACORP ANNOUNCES REGULAR QUARTERLY DIVIDEND
January 03 2011 - 12:07PM
PR Newswire (Canada)
FREDERICTON, NB, Jan. 3 /CNW/ -- FREDERICTON, NB, Jan. 3 /CNW/ -
Plazacorp Retail Properties Ltd. (PLZ:TSX Venture Exchange)
announced today that its Board of Directors has declared its
regular quarterly cash dividend of $0.050625 per common share to be
paid on February 14, 2011 to all common shareholders of record on
January 17, 2011. The Corporation intends to make an election under
subsection 131(1) of the Income Tax Act (Canada) deeming 50% of the
dividend ($0.0253125 per common share) to be a capital gains
dividend, payable out of the Corporation's capital gain dividend
account, with the remaining 50% ($0.0253125 per common share) to be
a regular dividend. This regular dividend is an "eligible dividend"
for income tax purposes. Plazacorp Retail Properties Ltd. is an
owner of shopping malls and strip plazas throughout the Atlantic
Provinces, Québec and Ontario. Plazacorp owns interests in 106
properties comprising 4.7 million square feet of retail real
estate. The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this release.
For more information on Plazacorp, visit our website at
www.plaza.ca; Or contact: Earl Brewer, Chairman or Kim Sharpe,
Director of Business Development at 506-451-1826
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