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Plazacorp announces annual dividend

Plazacorp Retail Properties has announced that its board of directors has approved a four per cent increase of its annual dividend payment, to 19.25 cents, up from from 18.5 cents per common share, for 2010. The new policy will be effective for the regularly scheduled dividend payment dates for 2010 that are expected to be Feb. 15, May 17, Aug. 16 and Nov. 15 in the amount of 4.8125 cents per common share at each payment date, subject to board approval at that time. Plazacorp Retail Properties Ltd. is an owner of shopping malls and strip plazas throughout Atlantic Canada, Quebec and Ontario. Plazacorp owns interest in 98 properties comprising 4.4 million square feet of retail real estate.