The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

Primaris Retail REIT Announces May Distribution

Thursday, May 10, 2012

Primaris Retail REIT Announces May Distribution15:17 EDT Thursday, May 10, 2012TORONTO, ONTARIO--(Marketwire - May 10, 2012) - Primaris Retail REIT (TSX:PMZ.UN) announces today its May 2012 monthly distribution in the amount of $0.1016. Payment will be made on June 15, 2012 to holders of record as of May 31, 2012.In addition, Unitholders who elect to participate in the DRIP will receive a further distribution, payable in units, equal in value to 3% of each cash distribution reinvested by them. The price at which units will be purchased with such cash distributions is based on a weighted average trading price of units for the 20 trading days prior to the relevant distribution date, which is normally the 15th of each month. Those Unitholders wishing to enroll in the DRIP should contact the brokerage house or financial institution where their units are currently held and complete the required authorization form.Primaris Retail REIT owns 33 income-producing properties comprising approximately 13.7 million square feet (giving effect to the Driftwood purchase) located in Canada. Primaris Retail REIT is a TSX listed real estate investment trust. As of April 30, 2012, Primaris had 84,882,264 units outstanding (including exchangeable units for which units have yet to be issued).FOR FURTHER INFORMATION PLEASE CONTACT: John MorrisonPrimaris Retail REITPresident and Chief Executive Officer(416) 642-7860ORLouis M. ForbesPrimaris Retail REITExecutive Vice President and Chief Financial Officer(416) 642-7810