Developers Diversified Realty Declares Third Quarter 2008 Class H and Class I Preferred Share Dividends
September 15 2008 - 9:06AM
Marketwired
Developers Diversified Realty (NYSE: DDR), the nation's leading
owner, developer and manager of market-dominant shopping centers,
declared its third 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 July 15, 2008 and ending October 14,
2008. The declared Preferred Class H Dividend is payable October
15, 2008 to shareholders of record at the close of business on
October 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 July 15, 2008 and ending October 14,
2008. The declared Preferred Class I Dividend is payable October
15, 2008 to shareholders of record at the close of business on
October 1, 2008.
Developers Diversified currently owns and manages over 730
retail operating and development properties in 45 states, plus
Puerto Rico, Brazil, Russia and Canada, totaling over 157 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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