Primaris Retail REIT

Primaris Retail REIT

February 16, 2010 15:26 ET

Primaris Retail REIT Announces February Distribution

TORONTO, ONTARIO--(Marketwire - Feb. 16, 2010) - Primaris Retail REIT (TSX:PMZ.UN) announces today its February 2010 monthly distribution in the amount of $0.1016. Payment will be made on March 15th, 2010 to holders of record as of February 26, 2010.

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 28 income-producing properties comprising approximately 10.5 million square feet located in Canada. Primaris Retail REIT is a TSX listed real estate investment trust (TSX:PMZ.UN). As of January 31, 2010, the REIT had 62,550,812 units issued and outstanding.                           

Contact Information

  • Primaris Retail REIT
    John R. Morrison
    Chief Executive Officer
    (416) 642-7860
    Primaris Retail REIT
    Louis M. Forbes
    Executive Vice President and Chief Financial Officer
    (416) 642-7810