Plazacorp announces regular quarterly dividend

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.