CBL & Associates Properties Declares Common and Preferred Stock Dividends.Business Editors CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Sept. 11, 2003 CBL Cbl cobalamin. & Associates Properties, Inc. (NYSE NYSE See: New York Stock Exchange :CBL) today announced that the Board of Directors has declared a regular quarterly cash dividend of $0.655 per share for the quarter ending September 30, 2003, for the Company's Common Stock. The dividend, which equates to an annual rate of $2.62 per share, is payable on October 17, 2003, to shareholders of record as of September 30, 2003. The Board declared a quarterly cash dividend of $0.5625 per share for the quarter ending September 30, 2003, for the Company's 9% 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. . The dividend, which equates to an annual rate of $2.25 per share, is payable on September 30, 2003, to shareholders of record as of September 18, 2003. The Board declared a quarterly cash dividend of $1.0938 per share for the quarter ending September 30, 2003, for the Company's 8.75% Series B Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $4.375 per share, is payable on September 30, 2003, to shareholders of record as of September 18, 2003. The Board declared a prorated quarterly cash dividend of $0.215278 per depository The place where a deposit is placed and kept, e.g., a bank, savings and loan institution, credit union, or trust company. A place where something is deposited or stored as for safekeeping or convenience, e.g., a safety deposit box. share for the period August 22, 2003, to September 30, 2003, for the Company's 7.75% Series C Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.9375 per share, is payable on September 30, 2003, to shareholders of record as of September 18, 2003. CBL & Associates Properties, Inc. has 57 enclosed en·close also in·close tr.v. en·closed, en·clos·ing, en·clos·es 1. To surround on all sides; close in. 2. To fence in so as to prevent common use: enclosed the pasture. regional malls in its portfolio of 163 properties in 25 states totaling 61.1 million square feet including 2.6 million square feet of non-owned shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into managed for third parties. The Company has four projects under construction totaling approximately 1.6 million square feet, including one mall - Coastal Grand - Myrtle Beach, SC, one associated center and two community centers plus five mall renovations. In addition to its office in Chattanooga, TN, the Company has a regional office in Boston (Waltham), MA. Additional information about the Company can be found on its website at www.cblproperties.com. |
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