AmeriVest to Purchase Shares for Its Drip in Open Market.Business Editors/Real Estate Writers DENVER--(BUSINESS WIRE)--Dec. 22, 2000 AmeriVest Properties Inc. (AMEX AMEX See: American Stock Exchange :AMV AMV Anime Music Video AMV Avian Myeloblastosis Virus AMV Alfalfa Mosaic Virus AMV Army Motor Vehicle AMV Assisted Mechanical Ventilation AMV Armored Maintenance Vehicle AMV Accredited Meter Verifier AMV Annulus Master Valve ), a property-type specific real estate investment trust which owns 22 office properties serving small to mid-sized tenants, announced today that the company will purchase shares of AmeriVest common stock for its dividend reinvestment plan Dividend Reinvestment Plan (DRP) Plan which provides for automatic reinvestment of shareholder dividends in more shares of a company's stock, often without commissions. Some plans provide for the purchase of additional shares at a discount to market price. (DRIP) in the open market for its fourth-quarter dividend, payable to shareholders of record on December 28, 2000. The purchases will commence on the dividend payment date of January 17, 2001. AmeriVest will announce the number of shares enrolled in the DRIP and the approximate number of shares to be purchased in the market prior to the payment date. About AmeriVest Properties Inc. AmeriVest Properties Inc., with its principal office in Denver, Colorado, owns 22 office properties, and is a property-type specific REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). focused on serving small to mid-sized office tenants in selected markets. Certain matters discussed in this release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including the risks and uncertainties of acquiring, owning, operating and disposing of real estate. Such risks and uncertainties are disclosed in the Company's past and current filings with the U.S. Securities and Exchange Commission. |
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