Primaris Retail REIT

Primaris Retail REIT

January 19, 2007 09:01 ET

Primaris Retail REIT Announces 2006 Financial Results Conference Call, January Distribution

TORONTO, ONTARIO--(CCNMatthews - Jan. 19, 2007) - Primaris Retail REIT (TSX:PMZ.UN) today announced that the Company will report its 2006 financial results after market close on Friday, March 2, 2007. Senior Management will discuss the results in a live conference call with the financial community on Monday, March 5 at 10:00 a.m. EST. The telephone numbers for the conference call are: 416-641-6114 (within Toronto), and 1-866-542-4238 (within North America). Audio replays of the conference call will be available immediately following the completion of the conference call, and will remain active until March 12, 2007. The replay will be accessible by dialing 416-695-5800 or 1-800-408-3053 and using the pass code 3212056#.

Primaris also announces today its January 2007 monthly distribution in the amount of $0.0983. Payment will be made on February 15, 2007 to holders of record as of January 31, 2007.

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 is a TSX listed real estate investment trust (TSX:PMZ.UN). Primaris Retail REIT owns 20 shopping centres comprising approximately 8 million square feet located in Canada. As of December 31, 2006 the REIT had 58,323,578 units issued and outstanding.

Contact Information

  • Primaris Retail REIT
    R. Michael Latimer
    Chief Executive Officer
    (416) 865-5353
    Primaris Retail REIT
    Louis M. Forbes
    Senior Vice President and Chief Financial Officer
    (416) 865-5360