Plazacorp announces regular quarterly dividend

FREDERICTON, Jan. 2, 2013 /CNW/ - Plazacorp Retail Properties Ltd. (TSXV: PLZ) announced today that its Board of Directors has declared its regular quarterly cash dividend of $0.05625 per common share to be paid on February 15, 2013 to all common shareholders of record on January 16, 2013.

For income tax purposes the full amount of this dividend is an eligible dividend. 

Plazacorp acquires, develops and redevelops unenclosed and enclosed retail real estate throughout Atlantic Canada, Quebec and Ontario, which is predominantly occupied by national tenants (approximately 90% of the total).  Plazacorp's portfolio at January 2, 2013 includes interests in 118 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.

For more information on Plazacorp, visit our website at
www.plaza.ca

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.


SOURCE: PLAZACORP RETAIL PROPERTIES LTD.

For further information:

Michael Zakuta, President and Chief Executive Officer, (514) 457-0997 or Floriana Cipollone, Chief Financial Officer, (416) 848-4583