Primaris Retail REIT

Primaris Retail REIT

April 16, 2007 12:10 ET

Primaris Retail REIT Announces April Distribution

TORONTO, ONTARIO--(CCNMatthews - April 16, 2007) - Primaris Retail REIT (TSX:PMZ.UN) announces today its April 2007 monthly distribution in the amount of $0.0983. Payment will be made on May 15, 2007 to holders of record as of April 30, 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 March 31, 2007 the REIT had 58,491,743 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