AvalonBay Communities Revises Record Date for Fourth Quarter 2004 Common Stock 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/PCX: 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) ) previously announced a dividend on the Company's Common Stock (par value $0.01 per share) of $0.70 per share payable on Tuesday, January 18, 2005 to all Common Stockholders of record as of Monday, January 3, 2005. The Company announced today that its Board of Directors declared a change in the dividend record date for this dividend. The new record date is Friday, December 31, 2004. The payment date of January 18, 2005, and the dividend rate of $.70 per share remained unchanged. January 3, 2005, will not be a record date for determining Common Stockholders entitled to dividends on the Company's common stock. About AvalonBay Communities AvalonBay Communities, Inc., headquartered in Alexandria, Virginia Alexandria is an independent city in the Commonwealth of Virginia. As of the 2000 census, the city had a total population of 128,284. Located along the Western bank of the Potomac River, Alexandria is approximately 6 miles (9.6 kilometers) south of downtown Washington, DC. , currently owns or holds an ownership interest in 146 apartment communities containing 42,671 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 thirteen communities are under construction and two communities are 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . More information on AvalonBay may be found on AvalonBay's Web site at http://www.avalonbay.com. |
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