Primaris Retail REIT

Primaris Retail REIT

September 16, 2005 13:24 ET

Primaris Retail REIT Announces October Distribution, Index Inclusion

TORONTO, ONTARIO--(CCNMatthews - Sept. 16, 2005) - Primaris Retail REIT (TSX:PMZ.UN) announces today its October 2005 monthly distribution in the amount of $0.095. Payment will be made on October 17, 2005 to holders of record as of September 30, 2005.

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.

As of close of business today, Friday, September 16, 2005, Primaris units will be included in the Provisional S&P/TSX Income Trust Index, Provisional S&P/TSX Composite Index and the Provisional S&P/TSX Smallcap Index. Effective with the December 2005 and March 2006 quarterly rebalance dates, it is expected that Primaris will be included in the S&P/TSX trust indices and the S&P/TSX composite index.

Primaris Retail REIT is a TSX listed real estate investment trust (TSX:PMZ.UN). Primaris Retail REIT owns 14 shopping centres comprising approximately 6.1 million square feet located in Canada. As of September 1, 2005 the REIT had 44,279,856 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