TORONTO, ONTARIO, Nov 12 (MARKET WIRE) --
Primaris Retail REIT (TSX: PMZ.UN) announces today its November 2009
monthly distribution in the amount of $0.1016. Payment will be made on
December 15th, 2009 to holders of record as of November 30th, 2009.
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 26 principal properties and several smaller
properties comprising approximately 9.3 million square feet located in
Canada. Primaris Retail REIT is a TSX listed real estate investment trust
(TSX: PMZ.UN). As of October 31st, 2009 the REIT had 62,498,120 units
issued and outstanding.
Contacts:
Primaris Retail REIT
John Morrison
Chief Executive Officer
(416) 642-7860
Primaris Retail REIT
Louis M. Forbes
Executive Vice President and Chief Financial Officer
(416) 642-7810
Copyright 2009, Market Wire, All rights reserved.
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