BEACHWOOD, Ohio, March 15, 2012 /PRNewswire/ -- DDR Corp. (NYSE:
DDR) declared its first quarter 2012 Preferred Class H stock
dividend of $0.460938 per depositary
share and Preferred Class I stock dividend of $0.46875 per depositary share.
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Each Class H depositary share is equal to one-twentieth of a
share of DDR's 7.375% Class H Cumulative Redeemable Preferred
Stock. The declared Preferred Class H dividend covers the period
beginning January 15, 2012 and ending
April 14, 2012. The declared
Preferred Class H Dividend is payable April
16, 2012 to shareholders of record at the close of business
on March 30, 2012.
Each Class I depositary share is equal to one-twentieth of a
share of DDR's 7.5% Class I Cumulative Redeemable Preferred Stock.
The declared Preferred Class I dividend covers the period beginning
January 15, 2012 and ending
April 14, 2012. The declared
Preferred Class I Dividend is payable April
16, 2012 to shareholders of record at the close of business
on March 30, 2012.
About DDR
DDR is an owner and manager of 481 value-oriented shopping
centers representing 123 million square feet in 39 states,
Puerto Rico and Brazil. The company's assets
are concentrated in high barrier-to-entry markets with stable
populations and high growth potential and its portfolio is actively
managed to create long-term shareholder value. DDR is a
self-administered and self-managed REIT operating as a fully
integrated real estate company, and is publicly traded on the New
York Stock Exchange under the ticker symbol DDR. Additional
information about the company is available at www.ddr.com.
Safe Harbor
DDR considers portions of the information in this press release
to be forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, both as amended, with respect to the
Company's expectation for future periods. Although the Company
believes that the expectations reflected in such forward-looking
statements are based upon reasonable assumptions, it can give no
assurance that its expectations will be achieved. For this purpose,
any statements contained herein that are not historical fact may be
deemed to be forward-looking statements. There are a number of
important factors that could cause our results to differ materially
from those indicated by such forward-looking statements, including,
among other factors, local conditions such as oversupply of space
or a reduction in demand for real estate in the area; competition
from other available space; dependence on rental income from real
property; the loss of, significant downsizing of or bankruptcy of a
major tenant; constructing properties or expansions that produce a
desired yield on investment; our ability to sell assets on
commercially reasonable terms; our ability to secure equity or debt
financing on commercially acceptable terms or at all; our ability
to enter into definitive agreements with regard to our financing
and joint venture arrangements or our failure to satisfy conditions
to the completion of these arrangements; and our ability to
continue to pay dividends on our common shares at the current or
higher rates. For additional factors that could cause the results
of the Company to differ materially from those indicated in the
forward-looking statements, please refer to the Company's Form 10-K
for the year ended December 31, 2011.
The Company undertakes no obligation to publicly revise these
forward-looking statements to reflect events or circumstances that
arise after the date hereof.
SOURCE DDR Corp.