Plazacorp announces regular quarterly dividend
June 30 2012 - 2:18AM
PR Newswire (Canada)
FREDERICTON, July 3, 2012 /CNW/ - Plazacorp Retail Properties Ltd.
announced today that its Board of Directors has declared its
regular quarterly cash dividend of $0.05375 per common share to be
paid on August 15, 2012 to all common shareholders of record on
July 17, 2012. The Corporation intends to make an election under
subsection 131(1) of the Income Tax Act (Canada) deeming 20% of the
dividend ($0.01075 per common share) to be a capital gains
dividend, payable out of the Corporation's capital gain dividend
account, with the remaining 80% ($0.04300 per common share) to be a
regular dividend. This regular dividend is an "eligible
dividend" for income tax purposes. Plazacorp acquires, develops and
redevelops unenclosed and enclosed retail real estate throughout
Atlantic Canada, Quebec and Ontario, which are predominantly
occupied by national tenants (approximately 90% of the
total). The Company's portfolio at July 3, 2012 includes
interests in 116 properties totaling over 5.1 million square feet
and additional lands held for development. These include
properties directly held by Plazacorp, its subsidiaries and through
joint ventures. Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange ) accepts responsibility for the adequacy or
accuracy of this release. PLAZACORP RETAIL PROPERTIES LTD. CONTACT:
on Plazacorp, visit our website atwww.plaza.caOr contact: Michael
Zakuta, President and CEO at (514) 457- 0997 orFloriana Cipollone,
CFO at (416) 848-4583
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