Bedford Property Investors Announces an Initial Dividend on Its Series A Cumulative Redeemable Preferred Stock.Business Editors LAFAYETTE, Calif.--(BUSINESS WIRE)--Oct. 1, 2003 Bedford Property Investors, Inc. (NYSE NYSE See: New York Stock Exchange :BED) announced today that its Board of Directors has declared an initial dividend of $0.8507 per share, payable on October 15, 2003 to the holders of record of its 8.75% 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. as of October 1, 2003. This initial dividend payment will be for less than a full quarter since the Preferred Stock was originally issued on August 5, 2003. Bedford Property Investors is a self-administered equity real estate investment trust with investments in suburban office buildings and industrial properties concentrated in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . It is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and the Pacific Exchange under the symbol "BED" and its web site is www.bedfordproperty.com. |
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