AvalonBay Communities Declares Third Quarter 2006 Dividends.ALEXANDRIA, Va. -- AvalonBay Communities AvalonBay Communities, Inc. (NYSE: AVB) is an Alexandria, Virginia-based public real estate investment trust. The company specializes in acquiring, developing, redeveloping and managing high-quality apartment communities in high barrier-to-entry markets, such as the Northeast, , Inc. (NYSE NYSE See: New York Stock Exchange : AVB AVB Allgemeine Versicherungsbedingungen AVB Armin Van Buuren (musician) AVB Atrioventricular Block AVB Association Vaincre le Bègaiement AVB Acappella Vocal Band (men's Christian a cappella group) ) announced today that its Board of Directors declared a dividend on the Company's Common Stock (par value $0.01 per share) for the third quarter of 2006. The Common Stock dividend is $0.78 per share and is payable October 16, 2006 to all Common Stockholders of Record as of October 2, 2006. The Board of Directors also declared a dividend on the Series H 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. (par value $0.01 per share) for the third quarter of 2006. The Series H Cumulative Redeemable Preferred Stock dividend is $0.54375 per share and is payable December 15, 2006 to all Series H Stockholders of Record as of December 1, 2006. About AvalonBay Communities As of June 30, 2006, AvalonBay Communities, Inc., headquartered in Alexandria, Virginia, owned or held an ownership interest in 160 apartment communities containing 46,904 apartment homes in ten states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , of which 17 communities were under construction and three communities were under reconstruction. AvalonBay is in the business of developing, redeveloping, acquiring, and managing apartment communities in high barrier-to-entry markets of the United States. More information on AvalonBay may be found on AvalonBay's Web site at http://www.avalonbay.com. |
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