Developers Diversified Declares First Quarter 2008 Class G Preferred Share Dividend
February 15 2008 - 7:24PM
Marketwired
CLEVELAND, OH , the nation's leading owner, developer and
manager of market-dominant community centers, declared its first
quarter 2008 Preferred Class G stock dividend.
-- First Quarter 2008 Preferred Class G Stock Dividend: $0.5000
per depositary share
Each Class G Depositary Share is equal to one tenth of a share
of Developers Diversified's 8.00% Class G Cumulative Redeemable
Preferred Stock. This dividend covers the period beginning on
December 15, 2007 and ending on March 14, 2008. The declared
Preferred Class G Dividend is payable March 17, 2008 to
shareholders of record at the close of business on February 29,
2008.
Developers Diversified owns or manages over 740 operating and
development retail properties in 45 states, plus Puerto Rico,
Brazil, Russia and Canada, comprising approximately 163 million
square feet. Developers Diversified is a self-administered and
self-managed real estate investment trust (REIT) operating as a
fully integrated real estate company which develops, leases and
manages shopping centers. Additional information about Developers
Diversified 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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