CLEVELAND, March 15 /PRNewswire-FirstCall/ -- Developers
Diversified Realty Corporation (NYSE: DDR) declared its first
quarter 2010 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, 2010 and ending April 14,
2010. The declared Preferred Class H Dividend is
payable April 15, 2010 to
shareholders of record at the close of business on April 1, 2010.
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, 2010 and ending April 14,
2010. The declared Preferred Class I Dividend is
payable April 15, 2010 to
shareholders of record at the close of business on April 1, 2010.
Developers Diversified owns and manages approximately 645 retail
operating and development properties in 44 states, Brazil, Canada and Puerto
Rico. Totaling more than 143 million square feet, the
Company's shopping center portfolio features open-air,
value-oriented neighborhood and community centers, mixed-use
centers and lifestyle centers located in prime markets with stable
populations and high-growth potential. Developers Diversified is
the largest landlord in Puerto
Rico and owns a premier portfolio of regional malls in and
around Sao Paulo, Brazil.
Developers Diversified is a self-administered and self-managed REIT
operating as a fully integrated real estate company. Additional
information about the Company is available on the Internet at
www.ddr.com.
SOURCE Developers Diversified Realty Corporation