Toronto (Ontario), May 10, 2012 - Primaris Retail REIT (TSX:
PMZ.UN) announces today its May 2012 monthly distribution in
the amount of $0.1016. Payment will be made on June 15, 2012
to holders of record as of May 31, 2012.
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 33 income-producing properties
comprising approximately
13.7 million square feet (giving effect to the Driftwood
purchase) located in Canada. Primaris Retail REIT is a TSX
listed real estate investment trust. As of April 30, 2012,
Primaris had 84,882,264 units outstanding (including
exchangeable units for which units have yet to be
issued).
For more information, please contact
Primaris Retail REIT John Morrison
President and Chief Executive Officer
(416) 642-7860 or
Primaris Retail REIT Louis M. Forbes
Executive Vice President and Chief Financial Officer
(416) 642-7810
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