Plazacorp shareholders approve plan of arrangement to convert to a REIT

Plazacorp Retail Properties Ltd.  is pleased to announce that it has received shareholder approval of the plan of arrangement to convert to a real estate investment trust.  Approval was given at a special meeting of the Company's shareholders held today in Fredericton, New Brunswick.  Approximately 94.90% of the votes cast at the meeting by the holders of common shares of the Company, or 51,486,629 common shares, were voted in favour of the plan of arrangement. 
 
Plazacorp expects the REIT conversion to be effective as of January 1, 2014.  The REIT conversion is subject to the granting of the final order by the Court of Queen's Bench of New Brunswick, the approval of the Toronto Stock Exchange and the satisfaction or waiver of other customary conditions.
 

on December 12, 2013