Catellus Declares Quarterly Dividends on Series A and Series B Preferred Stock.SAN FRANCISCO--(BUSINESS WIRE)--Sept. 20, 1996--The Board of Directors of Catellus Development Corp. (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 Exchangable Preferred Stock (a private placement), both payable on Nov. 15, 1996, to respective stockholders of record on Nov. 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 Corp. is a full service real estate company that owns, manages and develops real estate for its own account and others. At June 30, 1996, the company's portfolio included 15.5 million square feet of income producing properties, 5,400 acres of land leases, interests in nine joint ventures and 854,000 acres of land. CONTACT: Catellus Development Corp. Jennifer Ruddock rud·dock n. Chiefly British An Old World robin (Erithacus rubecula) having olive-brown upper plumage and a conspicuous orange breast. , 415/974-4649 |
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