CBL Properties Declares Common Stock Dividend and Preferred Stock Dividend
February 22 2018 - 5:00PM
Business Wire
CBL Properties (NYSE:CBL) today announced that its Board of
Directors has declared a quarterly cash dividend for the Company’s
Common Stock of $0.20 per share for the quarter ending
March 31, 2018. The dividend is payable on April 17, 2018, to
shareholders of record as of March 30, 2018.
The Board also declared a quarterly cash dividend of $0.4609375
per depositary share for the quarter ending March 31, 2018, for the
Company’s 7.375% Series D Cumulative Redeemable Preferred Stock.
The dividend, which equates to an annual dividend payment of
$1.84375 per depositary share, is payable on March 30, 2018,
to shareholders of record as of March 15, 2018.
The Board also declared a quarterly cash dividend of $0.4140625
per depositary share for the quarter ending March 31, 2018, for the
Company’s 6.625% Series E Cumulative Redeemable Preferred Stock.
The dividend, which equates to an annual dividend payment of
$1.65625 per depositary share, is payable on March 30, 2018,
to shareholders of record as of March 15, 2018.
About CBL PropertiesHeadquartered in Chattanooga, TN, CBL
Properties owns and manages a national portfolio of market-dominant
properties located in dynamic and growing communities. CBL’s
portfolio is comprised of 119 properties totaling 74.4 million
square feet across 27 states, including 76 high-quality enclosed,
outlet and open-air retail centers and 12 properties managed for
third parties. CBL continuously strengthens its company and
portfolio through active management, aggressive leasing and
profitable reinvestment in its properties. For more information
visit cblproperties.com.
Information included herein contains "forward-looking
statements" within the meaning of the federal securities laws. Such
statements are inherently subject to risks and uncertainties, many
of which cannot be predicted with accuracy and some of which might
not even be anticipated. Future events and actual events, financial
and otherwise, may differ materially from the events and results
discussed in the forward-looking statements. The reader is directed
to the Company’s various filings with the Securities and Exchange
Commission, including without limitation the Company’s Annual
Report on Form 10-K and the "Management’s Discussion and Analysis
of Financial Condition and Results of Operations" included therein,
for a discussion of such risks and uncertainties.
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version on businesswire.com: http://www.businesswire.com/news/home/20180222006573/en/
CBL PropertiesKatie Reinsmidt, 423-490-8301Executive Vice
President & Chief Investment
OfficerKatie.Reinsmidt@cblproperties.com
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