FREDERICTON, Jan. 2 /CNW/ - Plazacorp Retail Properties Ltd. (PLZ:TSX
Venture) announced today that its Board of Directors has declared its regular
quarterly cash dividend of $0.04625 per common share to be paid on February
16, 2009 to all common shareholders of record on January 16, 2009.
The Corporation intends to make an election under subsection 131(1) of
the Income Tax Act (Canada) deeming the full amount of the dividend to be a
capital gains dividend, payable out of the Corporation's capital gain dividend
Plazacorp Retail Properties Ltd. is an owner of shopping malls and strip
plazas throughout the Atlantic Provinces, Quebec and Ontario. Plazacorp, as at
January 2, 2009 now owns interests in 93 properties comprising 4.3 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 further information:
For further information: on Plazacorp, visit our website at
www.plaza.ca; Or contact: Kim Sharpe, Director of Business Development, (506)
451-1826; Peter Sheehan, Chief Financial Officer, (506) 451-1826