April 27 (Reuters) - Plaza Retail REIT PLZ_u.TO :
* PLAZA RETAIL REIT PROVIDES BUSINESS UPDATE RELATED TO COVID-19
* PLAZA RETAIL REIT - CURRENTLY, APPROXIMATELY 60% OF ITS TENANTS REMAIN FULLY OR PARTIALLY OPEN
* PLAZA RETAIL REIT - TO DATE, PLAZA HAS COLLECTED 71% OF APRIL'S GROSS RENT, ON A CONSOLIDATED BASIS
* PLAZA RETAIL REIT - TO DATE, PLAZA HAS ENTERED INTO RENT DEFERRAL AGREEMENTS FOR $0.6 MILLION OF APRIL'S RENT
* PLAZA RETAIL REIT - AS OF MARCH 31, 2020, PLAZA HAD $9.4 MILLION OF CASH ON HAND AND $20.4 MILLION AVAILABLE ON ITS OPERATING LINE
* PLAZA RETAIL REIT - NEW ACQUISITIONS AND NEW DEVELOPMENTS THAT ARE NOT COMMITTED HAVE BEEN DEFERRED, THEREBY REDUCING NEAR TERM CAPITAL COMMITMENTS
* PLAZA RETAIL REIT - TEMPORARILY FROZEN ALL SALARIES, DEFERRED PAYMENT OF 2019 BONUSES, & ITS PRESIDENT & CEO & CHAIRMAN HAVE DEFERRED THEIR SALARIES
* PLAZA RETAIL REIT - HAS APPROXIMATELY $55 MILLION OF LONG-TERM MORTGAGE MATURITIES REMAINING IN 2020, VAST MAJORITY OF WHICH ARE IN Q3 AND Q4
* PLAZA RETAIL REIT - ALSO IN PROCESS OF RENEWING ITS $6 MILLION UNSECURED DEBENTURE WHICH MATURES IN JUNE 2020