FREDERICTON,
April 2, 2013 /CNW/ - Plazacorp
Retail Properties Ltd. ("Plazacorp" or the "Corporation") (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
May 15, 2013 to all common
shareholders of record on April 16,
2013.
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 account.
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 includes interests in 118 properties totaling
5.2 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.
SOURCE PLAZACORP RETAIL PROPERTIES LTD.