Plaza Retail Reit Announces May 2014 Distribution

FREDERICTON, NB, May 16, 2014 /CNW/ - Plaza Retail REIT ("Plaza") (TSX:PLZ.UN) today announced its May 2014 monthly distribution in the amount of $0.02 per unit ($0.24 annualized).  The May distribution will be payable on June 16, 2014 to unitholders of record as at May 30, 2014.  

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, particularly in Eastern Canada.  Plaza's current portfolio includes interests in 330 properties totaling approximately 6.6 million square feet across Canada and additional lands held for development.  Plaza's properties include a mix of strip plazas, stand-alone small box retail outlets and enclosed shopping centres, anchored by approximately 90% national tenants.

For more information on Plaza Retail REIT, visit our website at
www.plaza.ca

SOURCE: Plaza Retail REIT

Michael Zakuta, President and Chief Executive Officer, at [phone] or Floriana Cipollone, Chief Financial Officer, at [phone]