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PLAZA COMPLETES BOUGHT DEAL PUBLIC OFFERING OF APPROXIMATELY $40 MILLION OF TRUST UNITS

Newswire.ca - Tue Mar 28, 2023

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/

FREDERICTON, NB, March 28, 2023 /CNW/ - Plaza Retail REIT ("Plaza" or the "REIT") (TSX: PLZ.UN) announced today that it has closed its previously announced bought deal public offering (the "Offering") of 8,548,000 trust units (the "Units") of Plaza issued from treasury at a price of $4.68 per Unit for gross proceeds to the REIT of $40,004,640. The underwriting syndicate for the Offering was co-led by RBC Capital Markets and CIBC Capital Markets (the "Underwriters").

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