CRT Properties, Inc. Announces Dividend on Preferred Stock.BOCA RATON, Fla. -- CRT (1) (C RunTime) See runtime library. (2) (Cathode Ray Tube) A vacuum tube used as a display screen in a computer monitor or TV. The viewing end of the tube is coated with phosphors, which emit light when struck by electrons. Properties, Inc. (NYSE NYSE See: New York Stock Exchange :CRO) announced today that its Board of Directors declared a dividend of $0.53125 per the Company's 8 1/2% Series A Cumulative Redeemable Preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. to be paid on June 15, 2005 to shareholders of record on June 1, 2005. This dividend covers the quarter beginning March 15, 2005 through June 14, 2005. About CRT Properties, Inc. CRT Properties, Inc. owns 137 office buildings, containing approximately 11.7 million rentable square feet, located in more than twenty five suburban office projects in twelve metropolitan areas in the Southeastern United States, Texas and Maryland. For more information about CRT Properties, Inc., contact its website at http://www.crtproperties.com or Investor Relations Investor relations The process by which the corporation communicates with its investors. , 225 NE Mizner Boulevard, Suite 200, Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. 33432-3945, or call 1-800-850-2037. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for certain forward-looking statements. The forward-looking statements contained in this release, including those that refer to management's plans and expectations for future operations, prospects and financial condition, are subject to certain risks and uncertainties. Actual results could differ materially from current expectations. The words "believe," "expect," "anticipate," "intend," "estimate" and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Reliance should not be placed on these statements because, by their nature, they are subject to known and unknown risks and can be affected by factors that are beyond the control of CRT Properties, Inc. Among the factors that could affect the Company's actual results are changes in general economic conditions, including changes in the economic conditions affecting industries in which its principal tenants compete; its ability to timely lease or re-lease space at current or anticipated rents to creditworthy cred·it·wor·thy adj. Having an acceptable credit rating. cred  it·wor tenants; changes in interest rates; future demand for its debt and
equity securities; and its ability to complete current and future
development projects on schedule and on budget. A more detailed
discussion of these and other factors is set forth in the "Risk
Factors" section of the Company's SEC reports and filings,
including its Annual Report on Form 10-K for the year ended December 31,
2004. For forward-looking statements contained or incorporated by
reference herein, the Company claims the protection of the safe harbor
for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. The Company assumes no obligation to
update or supplement forward-looking statements that become untrue
because of subsequent events.
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