Macerich Announces Results of Dividend Payable on June 22, 2009
June 17 2009 - 6:42PM
PR Newswire (US)
SANTA MONICA, Calif., June 17 /PRNewswire-FirstCall/ -- The
Macerich Company ("Macerich") (NYSE:MAC) announced today the
results of stockholder elections relating to its quarterly dividend
declared by its Board of Directors on May 1, 2009. The dividend of
$0.60 per share of the Company's common stock, par value $0.01 per
share (the "Common Stock"), consisting of a combination of cash and
shares of Common Stock, will be paid on June 22, 2009 to
stockholders of record on May 11, 2009. Based on stockholder
elections, the dividend will be paid in the form of approximately
$4.6 million in cash and approximately 2.1 million shares of Common
Sock. The number of shares included in the dividend was calculated
based on the volume weighted average of the trading prices of
Macerich's common stock on the New York Stock Exchange for the
three-day period June 10, June 11 and June 12, 2009, or $19.9927
per share. Summarized results of the dividend elections are as
follows: -- To stockholders electing to receive the dividend in all
stock, Macerich will pay the dividend in shares of Common Stock. --
To stockholders electing to receive the dividend in all cash,
Macerich will pay the dividend in the form of $0.06534 per share in
cash and $0.53466 per share in Common Stock. -- To stockholders not
making an election, Macerich will pay the dividend in the form of
$0.06 per share in cash and $0.54 per share in Common Stock. --
Macerich will pay fractional shares in cash. If your shares are
held through a bank, broker or nominee, and you have questions
regarding the dividend, please contact such bank, broker or
nominee. If you are a registered stockholder and you have questions
regarding the dividend, you may call Macerich's transfer agent,
Computershare Trust Company, N.A., at (800) 756-8200. Macerich is a
fully integrated self-managed and self-administered real estate
investment trust, which focuses on the acquisition, leasing,
management, development and redevelopment of regional malls
throughout the United States. The Company is the sole general
partner and owns an 87% ownership interest in The Macerich
Partnership, L.P. Macerich now owns approximately 76 million square
feet of gross leaseable area consisting primarily of interests in
72 regional malls. Additional information about Macerich can be
obtained from the Company's Web site at http://www.macerich.com/.
DATASOURCE: The Macerich Company CONTACT: Arthur Coppola, Chairman
and Chief Executive Officer, or Thomas E. O'Hern, Senior Executive
Vice President and Chief Financial Officer, both of The Macerich
Company, +1-310-394-6000 Web Site: http://www.macerich.com/
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