CBL & Associates Properties Declares Third Quarter Dividend.Business Editors CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Sept. 12, 2002 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 $0.555 per share for the quarter ending September 30, 2002, for the Company's Common Stock. The dividend, which equates to an annual rate of $2.22 per share, is payable on October 18, 2002, to shareholders of record as of September 30, 2002. CBL & Associates Properties, Inc. is the third largest mall real estate investment trust in terms of GLA owned in 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. and the largest owner of malls and 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 in the Southeast. With a total of 54 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. malls, the Company has a portfolio of 157 properties in 25 states totaling 56.8 million square feet including 2.1 million square feet of non-owned shopping centers managed for third parties. The Company has under construction seven projects totaling approximately 3.0 million square feet, including two malls, two associated centers, two community centers, one mall expansion plus seven mall renovations. In addition to its office in Chattanooga, TN, the Company has a regional office in Boston (Waltham), MA. The Company can be found on the Internet at www.cblproperties.com. |
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