Jul 4, 2011

FREDERICTON, NB, July 4, 2011 /CNW/ - Plazacorp Retail Properties Ltd. (TSXV: PLZ) announced today that its Board of Directors has declared its regular quarterly cash dividend of $0.0525 per common share to be paid on August 15, 2011 to all common shareholders of record on July 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 112 properties comprising 5.1 million square feet of retail real estate.

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.

For further information:

on Plazacorp, visit our website at

Or contact: Earl Brewer, Chairman  or Kim Sharpe, Director of Business Development at 506-451-1826