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Plazacorp Retail Properties Ltd. (TSX.V:PLZ) declared its quarterly cash dividend of about 4.6 cents per common share to be paid on Aug. 17 to all common shareholders of record on July 16. The firm plans to make an election under subsection 131(1) of Canada's Income Tax Act deeming 25 per cent of the dividend to be a capital gains dividend with the remaining 75 per cent to be a regular dividend - an "eligible dividend" for tax purposes. Plazacorp Retail Properties Ltd. has owning interests in 98 shopping malls and strip plazas in the Atlantic Provinces, Quebec and Ontario.