FREDERICTON, NB, July 2, 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 August 15, 2013 to all common
shareholders of record on July 16, 2013.
The Corporation intends to make an election under subsection 131(1) of
the Income Tax Act (Canada) deeming 70% of the dividend ($0.039375 per
common share) to be a capital gains dividend, payable out of the
Corporation's capital gain dividend account, with the remaining 30%
($0.016875 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 347 properties totaling
approximately 6.4 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:
on Plazacorp, visit our website at www.plaza.ca
or contact: Michael Zakuta, President and Chief Executive Officer, at (514) 457-0997 or Floriana Cipollone, Chief Financial Officer, at (416) 848-4583