Plaza Retail REIT (PLZ) has notable insider buying

Plaza Retail REIT (T:PLZ)

James (Jim) Drake, CFO, acquired 2,517 Trust Units on a direct ownership basis at prices ranging from $4.460 and $4.480 through an exercise of rights between December 15th, 2019 and December 17th, 2019. This represents a $11,258 investment into the company's shares and an account share holdings change of greater than 100%.

Peter Mackenzie, a Senior Officer, acquired 2,267 Trust Units on a direct ownership basis at prices ranging from $4.460 and $4.480 through an exercise of rights between December 15th, 2019 and December 17th, 2019. This represents a $10,133 investment into the company's shares and an account share holdings change of 3.5%.

Stephen Penney, a Senior Officer, acquired 2,753 Trust Units on a direct ownership basis at prices ranging from $4.460 and $4.480 through an exercise of rights between December 15th, 2019 and December 17th, 2019. This represents a $12,315 investment into the company's shares and an account share holdings change of 14.3%.

James M. Petrie, a Senior Officer, acquired 3,836 Trust Units on an indirect ownership basis for registered holder CIBC Wood Gundy RRSP at prices ranging from $4.460 and $4.480 through an exercise of rights between December 15th, 2019 and December 17th, 2019. This represents a $17,156 investment into the company's shares and an account share holdings change of 16.2%.

Kimberly A. Strange, a Senior Officer, acquired 773 Trust Units on a direct ownership basis at prices ranging from $4.460 and $4.480 through an exercise of rights between December 15th, 2019 and December 17th, 2019. This represents a $3,457 investment into the company's shares and an account share holdings change of 28.8%.

Plaza Retail REIT (Plaza) is a Canada-based open-ended real estate investment trust. The Company's objective is to deliver a growing yield to unitholders from a diversified portfolio of retail properties. The Company develops, owns and manages retail real estate primarily in Atlantic Canada, Quebec and Ontario. The Company offers a business strategy that differs from various peers in the real estate industry. The Company's portfolio includes interests in approximately 287 properties totaling approximately 8.2 million square feet, which are predominantly occupied by national tenants and additional lands held for development. These include properties indirectly held by Plaza through its subsidiaries and through joint arrangements. The Company's properties are located in Alberta, Newfoundland and Labrador, New Brunswick, Nova Scotia, Manitoba, Ontario, Prince Edward Island and Quebec.