Developers Diversified Realty Declares Third Quarter 2009 Class H and Class I Preferred Share Dividends
September 15 2009 - 8:30AM
Marketwired
Developers Diversified Realty (NYSE: DDR), the nation's leading
owner, developer and manager of market-dominant shopping centers,
declared its third quarter 2009 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, 2009 and ending October 14,
2009. The declared Preferred Class H Dividend is payable October
15, 2009 to shareholders of record at the close of business on
October 1, 2009.
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, 2009 and ending October 14,
2009. The declared Preferred Class I Dividend is payable October
15, 2009 to shareholders of record at the close of business on
October 1, 2009.
Developers Diversified as of June 30, 2009 owned and managed
approximately 690 retail operating and development properties in 45
states, plus Puerto Rico, Brazil, and Canada, totaling over 151
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: Kate Deck Investor Relations Director Developers
Diversified Realty Main: (216) 755-5500
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