Plazacorp announces 16.6% increase of annual dividend for 2008
Nov 21, 2007
FREDERICTON, NB, Nov. 21 /CNW/ - Plazacorp Retail Properties Ltd. (PLZ:TSX Venture) announced today that its Board of Directors have approved an increase of their annual dividend payment from 15 cents to 17.5 cents per common share for 2008. This new policy will be effective for the regularly scheduled dividend payment dates for 2008 that are expected to be February 15th, May 15th, August 15th and November 17th in the amount of 4.375 cents per common share at each payment date, subject to board approval at that time. The 16.6% increase in the annual dividend represents the fifth consecutive annual increase in the Plazacorp dividend. This track record of dividend increases is a strong confirmation of Plazacorp's value-added capabilities and its ability to continue to build a portfolio of high quality properties. Plazacorp is very pleased to have the opportunity to pass its success to its shareholders. Plazacorp Retail Properties Ltd. is an owner of shopping malls and strip plazas throughout Atlantic Canada, Quebec and Ontario. Plazacorp owns interests in 86 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: Earl Brewer, Chairman or Kim Sharpe, Director of Business Development, (506) 451-1826