Developers Diversified Declares Quarterly Class H and Class I Preferred Share Dividends
December 17 2007 - 5:15PM
Marketwired
CLEVELAND, OH announced today the declaration of its fourth
quarter 2007 Preferred Class H and Class I stock dividends.
-- Fourth Quarter Preferred Class H Stock Dividend: $0.460938
per depository share
Each Class H Depositary Share is equal to one twentieth of a
share of Developers Diversified's 7.375% Class H Cumulative
Redeemable Preferred Stock. This dividend covers the period
beginning on October 15, 2007 and ending on January 14, 2008. The
declared Preferred Class H Dividend is payable January 15, 2008 to
shareholders of record at the close of business on December 31,
2007.
-- Fourth Quarter Preferred Class I Stock Dividend: $0.46875 per
depository share
Each Class I Depositary Share is equal to one twentieth of a
share of Developers Diversified's 7.5% Class I Cumulative
Redeemable Preferred Stock. This dividend covers the period
beginning on October 15, 2007 and ending on January 14, 2008. The
declared Preferred Class I Dividend is payable January 15, 2008 to
shareholders of record at the close of business on December 31,
2007.
Developers Diversified Realty owns and manages approximately 740
retail operating and development properties in 45 states, plus
Puerto Rico, Brazil, Russia, and Canada, totaling over 160 million
square feet. The Company is a self-administered and self-managed
real estate investment trust (REIT) operating as a fully integrated
real estate company which acquires, develops and leases shopping
centers. Additional information about Developers Diversified Realty
is available on the Internet at http://www.ddr.com.
Contact: William H. Schafer Executive Vice President and Chief
Financial Officer Developers Diversified 216.755.5500
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