AMB Property Corporation Declares Third Quarter Dividend.SAN FRANCISCO--(BUSINESS WIRE)--Sept. 10, 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 September 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 October 15, 1999, to stockholders of record as of October 5, 1999. The Board of Directors also declared a dividend for the three month period ending October 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 October 15, 1999, to stockholders of record as of October 5, 1999. AMB Property Corporation is one of the leading owners and operators of industrial real estate nationwide. As of June 30, 1999, AMB owned and managed 67.6 million square feet and 706 buildings in 28 U.S. metropolitan markets, including 3.2 million square feet and 40 industrial buildings owned with institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. through its subsidiary AMB Investment Management. In addition, AMB owns a majority limited partnership interest in an unconsolidated joint venture that owns 36 buildings containing 4.0 million square feet in Chicago and AMB Investment Management manages 4.3 million square feet on behalf of institutional investors. At June 30, 1999 the Company had 91.1 million common shares and units outstanding. AMB - A tradition of nontraditional thinking. |
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