CBL & Associates Properties Announces Common And Preferred Stock Dividends
June 02 2008 - 1:18PM
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 $0.545 per share for the
quarter ending June 30, 2008. The dividend is payable on July 15,
2008, to shareholders of record as of June 30, 2008. The quarterly
cash dividend equates to an annual dividend of $2.18 per share. The
Board declared a quarterly cash dividend of $0.484375 per
depositary share for the quarter ending June 30, 2008, 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 June 30, 2008, to shareholders
of record as of June 17, 2008. The Board also declared a quarterly
cash dividend of $0.4609375 per depositary share for the quarter
ending June 30, 2008, 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 June 30, 2008, to shareholders of record as of June 17,
2008. About CBL & Associates Properties, Inc. CBL is one of the
largest and most active owners and developers of malls and shopping
centers in the United States. CBL owns, holds interests in or
manages 158 properties, including 86 regional malls/open-air
centers. The properties are located in 27 states and total 84.7
million square feet including 2.2 million square feet of non-owned
shopping centers managed for third parties. CBL currently has
sixteen projects under construction totaling 4.7 million square
feet including Pearland Town Center, Houston (Pearland), TX;
Settlers Ridge in Pittsburgh, PA; The Pavilion at Port Orange in
Port Orange, FL; Hammock Landing in West Melbourne, FL; The
Promenade in D�Iberville, MS; two lifestyle/associated centers,
eight expansions/redevelopments, and one community center.
Headquartered in Chattanooga, TN, CBL has regional offices in
Boston (Waltham), MA, Dallas, TX, and St. Louis, MO. Additional
information can be found at cblproperties.com. Information included
herein contains "forward-looking statements" within the meaning of
the federal securities laws. Such statements are inherently subject
to risks and uncertainties, many of which cannot be predicted with
accuracy and some of which might not even be anticipated. Future
events and actual events, financial and otherwise, may differ
materially from the events and results discussed in the
forward-looking statements. The reader is directed to the Company's
various filings with the Securities and Exchange Commission,
including without limitation the Company's Annual Report on Form
10-K and the "Management's Discussion and Analysis of Financial
Condition and Results of Operations" incorporated by reference
therein, for a discussion of such risks and uncertainties.
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