Primaris Retail REIT
TSX : PMZ.UN

Primaris Retail REIT

March 24, 2009 14:01 ET

Primaris Retail REIT Announces March Distribution

TORONTO, ONTARIO--(Marketwire - March 24, 2009) - Primaris Retail REIT (TSX:PMZ.UN) announces today its March 2009 monthly distribution in the amount of $0.1016. Payment will be made on April 15th, 2009 to holders of record as of March 31st, 2009.

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 26 principal properties and several smaller properties comprising approximately 9.3 million square feet located in Canada. Primaris Retail REIT is a TSX listed real estate investment trust (TSX:PMZ.UN). As of February 28th, 2009 the REIT had 62,316,803 units issued and outstanding.

Contact Information

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