PLAZACORP ANNOUNCES REGULAR QUARTERLY DIVIDEND

FREDERICTON, NB, April 1 /CNW/ - Plazacorp Retail Properties Ltd. (TSXV : PLZ) announced today that its Board of Directors has declared its regular quarterly cash dividend of $0.050625 per common share to be paid on May 16, 2011 to all common shareholders of record on April 15, 2011.

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

Plazacorp Retail Properties Ltd. is an owner of shopping malls and strip plazas throughout the Atlantic Provinces, Québec and Ontario. Plazacorp owns interests in 108 properties comprising 4.9 million square feet of retail real estate.

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