Camden Property Trust Announces Expected Dividend Reduction.HOUSTON Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; -- Camden Property Trust (NYSE NYSE See: New York Stock Exchange :CPT CPT See: Carriage Paid To ) today announced that in order to maintain maximum financial flexibility in light of the current state of the capital markets, and recognizing the dividend requirements for the increased number of shares expected to be outstanding upon completion of the common share offering announced today, it expects to reduce its current $0.70 per share quarterly dividend payments for the balance of 2009. Subject to the completion of the common share offering, Camden expects to pay a $0.45 per share dividend with respect to each of the second, third and fourth quarters of 2009. It currently expects to pay the final three 2009 dividend payments fully in cash. While the statement above concerning the remaining dividends for 2009 are the Company's current expectation, the actual dividend payable will be determined by the Board of Trust Managers based on circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or at the time of the declaration and the actual dividend may vary from such expected amounts. In addition to historical information, this press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. under the federal securities law. These statements are based on current expectations, estimates and projections about the industry and markets in which Camden operates, management's beliefs, and assumptions made by management. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties which are difficult to predict. Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, development, acquisition, management and disposition of multifamily apartment communities. Camden owns interests in and operates 182 properties containing 63,269 apartment homes across 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. . Upon completion of four properties under development, the Company's portfolio will increase to 64,329 apartment homes in 186 properties. Camden was recently named by FORTUNE[R] Magazine for the second consecutive year as one of the "100 Best Companies to Work For" in America. For additional information, please contact Camden's Investor Relations Investor relations The process by which the corporation communicates with its investors. Department at (800) 922-6336 or (713) 354-2787 or access our website at camdenliving.com. |
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