TORONTO, ONTARIO -- 09/13/07 --
Primaris Retail REIT (TSX: PMZ.UN) announces today its September 2007 monthly distribution in the amount of $0.0983. Payment will be made on October 15, 2007 to holders of record as of September 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 owns 26 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 August 31, 2007 the REIT had 61,796,162 units issued and outstanding.
Contacts:
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
