Plazacorp announces regular quarterly dividend
Oct 1, 2007
FREDERICTON, Oct. 1 /CNW/ - Plazacorp Retail Properties Ltd. (PLZ:TSX Venture) announced today that its Board of Directors has declared its regular quarterly cash dividend of $0.0375 per common share to be paid on November 15, 2007 to all common shareholders of record on October 16, 2007. The Corporation intends to make an election under subsection 131(1) of the Income Tax Act (Canada) deeming 50% ($0.01875/common share) of the dividend to be a capital gains dividend, payable out of the Corporation's capital gain dividend account. The other 50% ($0.01875/common share) would be an eligible dividend. Plazacorp Retail Properties Ltd. is an owner of shopping malls and strip plazas throughout the Atlantic Provinces, Quebec and Ontario. Plazacorp now owns interests in 84 properties comprising 4.1 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. %SEDAR: 00012014E
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