FREDERICTON, Oct. 1, 2013 /CNW/ - Plazacorp Retail Properties Ltd.
("Plazacorp" or the "Corporation") (TSX: PLZ) announced today that its
Board of Directors has declared its quarterly cash dividend of $0.05625
per common share to be paid on November 15, 2013 to all common
shareholders of record on October 15, 2013.
The Corporation intends to make an election under subsection 131(1) of
the Income Tax Act (Canada) deeming 25% of the dividend ($.0140625 per
common share) to be a capital gains dividend, payable out of the
Corporation's capital gain dividend account, and 75% of the dividend
($.0421875 per common share) to be a regular dividend. This regular
dividend is an "eligible dividend" for income tax purposes.
Plazacorp is a mutual fund corporation that is a leading retail property
owner and developer, particularly in Eastern Canada. Plazacorp's
current portfolio includes interests in 345 properties totaling
approximately 6.6 million square feet across Canada and additional
lands held for development. Plazacorp'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: Plazacorp Retail Properties Ltd.
For further information:
For more information on Plazacorp, visit our website at
or contact: Michael Zakuta, President and Chief Executive Officer, at (514) 457-0997 or Floriana Cipollone, Chief Financial Officer, at (416) 848-4583.