AMB Property Corporation Declares Fourth Quarter Dividend.SAN FRANCISCO--(BUSINESS WIRE)--Dec. 4, 1998--The Board of Directors of AMB AMB Ambient AMB Ambassador AMB Amber AMB Ambulance AMB Associação Médica Brasileira (Brazil) AMB Ambulatory AMB Advanced Memory Buffer (FBDIMM control unit on DRAM) Property Corporation (NYSE NYSE See: New York Stock Exchange :AMB) today declared a dividend for the quarter ending December 31, 1998 of $0.3425 per share of Common Stock, indicating an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. rate of $1.37. The dividend will be payable on January 15, 1999, to shareholders of record as of December 31, 1998. The Board of Directors also declared a dividend for the three month period ending January 15, 1999 of $0.53125 per share of its 8.5% Series A Cumulative Redeemable Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. (NYSE:AMB Pf A.). The dividend is payable on January 15, 1999 to shareholders of record as of December 31, 1998. AMB Property Corporation, one of the largest public REITs in the country, is a national real estate operating company focusing on industrial properties and community shopping centers. As of September 30, 1998 AMB owned and operated 64.5 million square feet, including 4.5 million square feet on behalf of its investment management clients. As of September 30, 1998 the Company owned 547 industrial buildings and 37 retail centers totaling 60.0 million square feet located in 29 markets nationwide including: Atlanta, Boston, Chicago, Dallas/Fort Worth, Los Angeles, Miami, Minneapolis, Northern New Jersey, San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay and Seattle. As of September 30, 1998, the Company had 90.3 million shares outstanding. |
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