Primaris Retail REIT

Primaris Retail REIT

May 17, 2011 15:14 ET

Primaris Retail REIT Announces May Distribution

TORONTO, ONTARIO--(Marketwire - May 17, 2011) - Primaris Retail REIT (TSX:PMZ.UN) announces today its May 2011 monthly distribution in the amount of $0.1016. Payment will be made on June 15, 2011 to holders of record as of May 31, 2011.

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 29 income-producing properties comprising approximately 11.1 million square feet located in Canada. Primaris Retail REIT is a TSX listed real estate investment trust (TSX:PMZ.UN). As of April 30, 2011, the REIT had 69,481,038 Units outstanding (including Exchangeable Units).

Contact Information

  • Primaris Retail REIT
    John Morrison
    President and Chief Executive Officer
    (416) 642-7860

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