Primaris Retail REIT

Primaris Retail REIT

March 21, 2006 16:57 ET

Primaris Retail REIT Announces Earnings Conference Call, April Distribution

TORONTO, ONTARIO--(CCNMatthews - March 21, 2006) - Primaris Retail REIT (TSX:PMZ.UN) will report its first quarter, fiscal year 2006 financial results on Thursday, April 27, 2006, after market close. Senior Management will discuss the results in a live conference call with the financial community on Friday, April 28, 2006 at 10:00 a.m. EST.

The telephone numbers for the conference 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 Friday, May 5, 2006. The replay will be accessible by dialing 416-695-5800 or 1-800-408-3053 and using the pass code 3180284#.

Primaris also announces today its April 2006 monthly distribution in the amount of $0.095. Payment will be made on April 17, 2006 to holders of record as of March 31, 2006.

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 16 shopping centres comprising approximately 7 million square feet located in Canada. As of February 28, 2006 the REIT had 50,624,498 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