CBL & Associates Properties Declares Common and Preferred Stock Dividends
September 06 2006 - 11:15AM
Business Wire
CBL & Associates Properties, Inc. (NYSE:CBL) today announced
that its Board of Directors has declared a regular quarterly cash
dividend for the Company's Common Stock of $0.4575 per share for
the quarter ending September 30, 2006. The dividend, which equates
to an annual rate of $1.83 per share, is payable on October 17,
2006, to shareholders of record as of September 29, 2006. The Board
declared a quarterly cash dividend of $1.09375 per share for the
quarter ending September 30, 2006, for the Company's 8.75% Series B
Cumulative Redeemable Preferred Stock. The dividend, which equates
to an annual dividend payment of $4.375 per share, is payable on
September 29, 2006, to shareholders of record as of September 15,
2006. The Board declared a quarterly cash dividend of $0.484375 per
depositary share for the quarter ending September 30, 2006, for the
Company's 7.75% Series C Cumulative Redeemable Preferred Stock. The
dividend, which equates to an annual dividend payment of $1.9375
per depositary share, is payable on September 29, 2006, to
shareholders of record as of September 15, 2006. The Board also
declared a quarterly cash dividend of $0.4609375 per depositary
share for the quarter ending September 30, 2006, for the Company's
7.375% Series D Cumulative Redeemable Preferred Stock. The
dividend, which equates to an annual dividend payment of $1.84375
per depositary share, is payable on September 29, 2006, to
shareholders of record as of September 15, 2006. About CBL CBL is
one of the largest and most experienced owners and developers of
malls and shopping centers in the country. CBL owns, holds
interests in or manages 126 properties, including 79 regional
malls/open-air centers. The properties are located in 26 states and
total 72.7 million square feet including 1.6 million square feet of
non-owned shopping centers managed for third parties. Including
Phase II of Gulf Coast Town Center in Ft. Myers, FL, CBL currently
has eleven projects under construction totaling 2.8 million square
feet. Other projects include two open-air shopping centers; two
community centers, four associated/lifestyle centers and two mall
expansions. Headquartered in Chattanooga, TN, CBL has regional
offices in Boston (Waltham), MA, and Dallas, TX. Additional
information can be found at http://cblproperties.com.
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