Catellus Declares Quarterly Dividends on Series A and Series B Preferred Stock.SAN FRANCISCO--(BUSINESS WIRE)--Dec. 12, 1996--The Board of Directors of Catellus Development Corporation Catellus Development Corporation is a real estate landowner that was spun off of the real estate holdings of Santa Fe and Southern Pacific Railroad. They are one of the largest landowners in California. (NYSE NYSE See: New York Stock Exchange :CDX CDX Companion Dog Excellent (AKC Obedience Title) CDX Cyber-Defense Exercise CDX Central Data Exchange CDX Community Development Exchange (UK community development organization) CDX Commercial Data Exchange ) has declared quarterly dividends for the Company's Series A Cumulative Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". (NYSE:CDXPR) and Series B Cumulative Convertible Exchangeable Preferred Stock Convertible exchangeable preferred stock Convertible preferred stock that may be exchanged, at the issuer's option, into convertible bonds that have the same conversion features as the convertible preferred stock. (a private placement), both payable on Feb. 15, 1996 to respective stockholders of record on Feb. 1, 1996. The Board declared a quarterly dividend of $.9375 per share on the Series A Preferred Stock and $.90625 per share on the Series B Preferred Stock. Catellus Development Corporation is a diversified real estate operating company that owns, manages and develops real estate for its own account and others. At September 30, 1996, the Company's portfolio included 16.3 million square feet of income producing properties, 5,400 acres of land leases, interests in nine joint ventures and 850,000 acres of land. CONTACT: Catellus Jennifer Ruddock, 415/974-4649 |
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