AMB Property Corporation Declares Second Quarter Dividend.SAN FRANCISCO--(BUSINESS WIRE)--June 4, 1999-- 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 June 30, 1999, of $0.35 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 $1.40. The dividend will be payable on July 15, 1999, to shareholders of record as of July 6, 1999. The Board of Directors also declared a dividend for the three month period ending July 14, 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 July 15, 1999, to shareholders of record as of June 30, 1999. AMB Property Corporation is a real estate investment trust operating nationally with a primary focus on industrial properties. As of March 31, 1999 AMB owned 615 industrial buildings and 38 retail centers totaling 66.0 million square feet located in major markets nationwide, including Atlanta, Boston, Chicago, Dallas/Fort Worth, Los Angeles, Miami, Minneapolis, Northern New Jersey, the 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. In addition, the company has an investment in 4.0 million square feet of industrial property in Chicago through an unconsolidated joint venture and manages 4.5 million square feet of property through its subsidiary, AMB Investment Management. As of March 31, 1999, the company had 90.5 million common shares and units outstanding. |
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