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Primaris REIT Announces Anticipated Insider Purchases; Inaugural Distribution
Primaris REIT Announces Anticipated Insider Purchases; Inaugural Distribution C...
About this update from Primaris Real Estate Investment Trust
[{"type":"text","content":"\n \n \n \n Primaris REIT Announces Anticipated Insider Purchases; Inaugural Distribution\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Jan. 6, 2022\n \n \n /CNW/ - Primaris Real Estate Investment Trust (\"Primaris\" or \"the REIT\") (TSX: PMZ.UN) has announced its inaugural blackout period under its insider trading policy will commence on\n \n January 15, 2022\n \n instead of\n \n January 1\n \n , 2022.  The later commencement date is to allow for the ability of insiders to buy units of Primaris over the market during a time when the net asset value per unit (NAVPU) of Primaris is significantly higher than the trading price per Primaris unit. Insiders will only acquire units in accordance with applicable securities laws (including only if they do not possess any material undisclosed material information regarding the REIT).  Primaris has been informed that\n \n Alex Avery\n \n , the REIT's Chief Executive Officer, Mr.\n \n Patrick Sullivan\n \n , the REIT's President and Chief Operating Officer, Rags Davloor, the REIT's Chief Financial Officer and certain trustees intend to buy Primaris units over the market during this time.\n \n \n \"As Primaris REIT begins its first year as a fully independent Canadian REIT, we are committed to fostering an ownership culture. Today's announcement supports that objective.\" said\n \n Alex Avery\n \n , Chief Executive Officer of Primaris REIT.\n \n \n Primaris REIT also declared a distribution of\n \n $0.0667\n \n per unit for the month of January, reflecting\n \n $0.80\n \n per unit on an annualized basis.  The distribution will be payable on\n \n February 15\n \n \n th\n \n to unitholders of record\n \n January 31\n \n \n st\n \n .\n \n \n \n About Primaris REIT\n \n \n \n Primaris REIT is\n \n Canada's\n \n only enclosed shopping centre focused REIT, with ownership interests primarily in enclosed shopping centres that are dominant in their trade areas. The portfolio totals 11.4 million square feet and is valued at approximately\n \n $3.2 billi...