AmREIT Announces an Increase in First Quarter Dividends.Business Editors HOUSTON--(BUSINESS WIRE)--Jan. 13, 2004 AmREIT (AMEX AMEX See: American Stock Exchange :AMY A`my´ n. 1. A friend. ), a Texas-based real estate investment trust, today announced its seventeenth consecutive quarterly dividend increase on its class A common shares. The Board of Trust Managers of AmREIT today declared a class A dividend of $.116 that will be paid in three monthly installments of $.0386 on January 30, 2004, $.0388 on February 27, 2004 and $.0390 on March 31, 2004 to holders of record of class A common shares on January 20, 2004, February 17, 2004 and March 19, 2004, respectively. Additionally, the Board of Trust Managers declared a dividend on its class B and C common shares for the fourth quarter of $.185 per class B share and $.175 per class C share. The dividend on the class B shares will be paid on March 31, 2004 to holders of record on March 19, 2004. The dividend on the class C shares will be paid in three monthly installments of $.0583 on January 30, 2004, $.0583 on February 27, 2004 and $.0583 on March 31, 2004 to holders of record of class C common shares on January 20, 2004, February 17, 2004 and March 19, 2004, respectively. About AmREIT AmREIT, a self-managed real estate investment firm, has been acquiring, developing, and managing high quality commercial retail real estate to generate monthly income and growth opportunities for investors for more than 18 years. A rapidly growing publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , AmREIT is known for its ownership of "irreplaceable corners" -- premier retail frontage properties in high-traffic, highly populated areas. AmREIT is also the sponsor of investment funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company , offered to accredited investors through the financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against community. These funds create value through actively acquiring and developing high quality free standing and shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into properties, leased to trusted names such as Starbucks, Walgreens, and Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU. Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association. , to create the potential for increasing income and capital appreciation by selling the properties within a defined time horizon. For further information, contact Chad C. Braun, AmREIT, 8 Greenway Plaza Greenway Plaza is a master-planned mixed-use development off of U.S. Highway 59 in Houston, Texas, five miles (8 kilometers) west of Downtown Houston and three miles (5 kilometers) east of Uptown Houston. , Suite 824, Houston, TX 77046, 713-860-4924, cbraun@amreit.com. In addition to historical information, this press release contains forward-looking statements under the federal securities law. These statements are based on current expectations, estimates and projections about the industry and markets in which AmREIT operates, management's beliefs and assumptions made by management. Past performance is not indicative of future returns. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. |
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