Developers Diversified Realty Declares First Quarter 2008 Class H and Class I Preferred Share Dividends
March 17 2008 - 11:46AM
Marketwired
CLEVELAND, OH , the nation's leading owner, developer and
manager of market-dominant shopping centers, declared its first
quarter 2008 Preferred Class H stock dividend of $0.460938 per
depositary share and Preferred Class I stock dividend of $0.46875
per depositary 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. The declared Preferred Class H dividend
covers the period beginning January 15, 2008 and ending April 14,
2008. The declared Preferred Class H Dividend is payable April 15,
2008 to shareholders of record at the close of business on April 1,
2008.
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. The declared Preferred Class I dividend
covers the period beginning January 15, 2008 and ending April 14,
2008. The declared Preferred Class I Dividend is payable April 15,
2008 to shareholders of record at the close of business on April 1,
2008.
Developers Diversified currently owns and manages over 740
retail operating and development properties in 45 states, plus
Puerto Rico, Brazil, Russia and Canada, totaling over 163 million
square feet. Developers Diversified Realty is a self-administered
and self-managed real estate investment trust (REIT) operating as a
fully integrated real estate company which acquires, develops,
leases and manages shopping centers. Additional information about
Developers Diversified Realty is available on the Internet at
http://www.ddr.com.
Contact: Michelle M. Dawson Vice President of Investor Relations
Developers Diversified Realty 216.755.5455
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