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 November Distribution

Friday, November 16, 2012

Primaris Retail REIT Announces November Distribution08:00 EST Friday, November 16, 2012TORONTO, ONTARIO--(Marketwire - Nov. 16, 2012) - Primaris Retail REIT (TSX:PMZ.UN) announces today its November 2012 monthly distribution in the amount of $0.1016. Payment will be made on December 17, 2012 to holders of record as of November 30, 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 located in Canada. Primaris Retail REIT is a TSX listed real estate investment trust. As of October 31, 2012, Primaris had 95,085,289 units outstanding (including 2,122,261 exchangeable units for which units have yet to be issued).FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: Primaris Retail REITJohn MorrisonPresident and Chief Executive Officer(416) 642-7860Primaris Retail REITLouis M. ForbesExecutive Vice President and Chief Financial Officer(416) 642-7810