Business
CORRECTING and REPLACING Primaris REIT Announces Distribution for May 2025
First paragraph, second sentence of release dated May 7, 2025, should read: The distribution will...
About this update from Primaris Real Estate Investment Trust
[{"type":"text","content":"CORRECTING and REPLACING Primaris REIT Announces Distribution for May 2025\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n \n\n\n\n First paragraph, second sentence of release dated May 7, 2025, should read: The distribution will be payable on June 16, 2025 to unitholders of record on May 30, 2025 (instead of The distribution will be payable on June 16, 2025 to unitholders of record on May 31, 2025).\n \n\n The updated release reads:\n \n\n\n PRIMARIS REIT ANNOUNCES DISTRIBUTION FOR MAY 2025\n \n\n\n Primaris Real Estate Investment Trust\n \n\n (“\n \n Primaris\n \n ” or the “\n \n Trust\n \n ”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.0717 per unit for the month of May 2025, representing $0.86 per unit on an annualized basis. The distribution will be payable on June 16, 2025 to unitholders of record on May 30, 2025.\n \n\n\n About Primaris Real Estate Investment Trust\n \n\n\n\n Primaris\n \n is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The current portfolio totals 14.2 million square feet, valued at approximately $4.5 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.\n \n\n\n For more information:      TSX: PMZ.UN\n \n\n\n www.primarisreit.com\n \n\n\n\n\n\n www.sedarplus.ca\n \n\n\n\n\n\n\n\n\n View source version on businesswire.com:\n \n\n\n https://www.businesswire.com/news/home/20250507156729/en/\n \n\n\n\n\n\n Alex Avery\n \n Chief Executive Officer\n \n 416-642-7837\n \n\n [email protected]\n \n\n\n Rags Davloor\n \n Chief Financial Officer\n \n 416-645-3716\n \n\n [email protected]\n \n\n\n Claire Mahaney\n \n VP, Investor Relations & ESG\n \n 647-949-3093\n \n\n [email protected]\n \n\n\n Timothy Pire\n \n Chair of the Board\n \n\n [email protected]\n \n\n\n\n","length":4351,"tagName":"div"}]