Bedford Property Investors Declares Payment of Dividends on Its Outstanding Preferred Stock.LAFAYETTE, Calif. -- Bedford Property Investors, Inc. (NYSE NYSE See: New York Stock Exchange :BED) announced today that its board of directors has declared a dividend of $1.09375 per share of the company's Series A Cumulative Redeemable Redeemable Eligible for redemption under the terms of an indenture. 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. and a dividend of $0.47656 per share of the company's Series B Cumulative Redeemable Preferred Stock. The dividends on the Series A preferred stock are payable on January 17, 2006 to the holders of record of the Series A preferred stock as of December 30, 2005, and the dividends on the Series B preferred stock are payable on January 17, 2006 to the holders of record of the Series B preferred stock as of December 30, 2005. 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 . Its common stock 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 website address is www.bedfordproperty.com. |
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