Chateau Communities Clarifies 2002 Dividend Payment and Announces Dividend Schedule for 2003.Business Editors GREENWOOD Greenwood. 1 City (1990 pop. 26,265), Johnson co., central Ind.; settled 1822, inc. as a city 1960. A residential suburb of Indianapolis, Greenwood is in a retail shopping area. Manufactures include motor vehicle parts and metal products. VILLAGE, Colo.--(BUSINESS WIRE)--Dec. 2, 2002 Chateau Communities (NSYE:CPJ CPJ Committee to Protect Journalists CPJ Citizens for Public Justice (Canada) CPJ Center for Public Justice CPJ Critical Path Job CPJ Common Place Journal CPJ Controlled Pipe Joints CPJ Cooperative Programming in Java CPJ Cd Project ) today clarified that total dividends for the calendar year 2002 will amount to $2.20 per share. As previously announced, the Company will distribute a fourth quarter 2002 $0.55 per share dividend on January January: see month. 31, 2003, payable to shareholders of record on January 15, 2003. The Company also announced that the board of directors has established a meeting schedule that is anticipated to result in the following dividend record and payment dates for calendar year 2003:
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2003 Quarter Record Date Payment Date
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First 03/31/03 4/15/03
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Second 06/30/03 07/15/03
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Third 09/30/03 10/15/03
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Fourth 12/31/03 01/15/04
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Chateau also confirmed that the board remains committed to a strategy that will allow the Company to maintain its current dividend rate for at least the calendar year of 2003. The actual amount of each quarterly dividend will be subject to ongoing review by the Board. Headquartered in Greenwood Village, Colorado Greenwood Village is a city in Arapahoe County, Colorado, United States. As of 2005, the city is estimated to have a total population of 12,817.[3] Geography Greenwood Village is located at (39.615888, -104. , Chateau Communities is a fully integrated, self-administered real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ), and the largest owner and operator of manufactured home communities in the U.S. Its portfolio consists of 205 communities, with an aggregate of approximately 68,500 residential home sites and 1,400 park model/RV sites, and 37 managed communities with approximately 8,100 sites. In addition, the Company owns 12 greenfield Greenfield, town (1990 pop. 18,666), seat of Franklin co., NW Mass., at the confluence of the Deerfield and Green rivers, near their junction with the Connecticut; settled 1686, set off from Deerfield and inc. 1753. development communities with approximately 6,100 sites when fully developed. Chateau Communities operates in 36 states. Any 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. contained in this news release are subject to certain risks and uncertainties including the ability to maintain rental rates and occupancy Gaining or having physical possession of real property subject to, or in the absence of, legal right or title. In a fire insurance policy, for example, the term occupancy , the ability of manufactured home buyers to obtain financing, the level of repossessions by manufactured home lenders, the pace and pricing of property acquisition and dispositions, changes in interest rates and the condition of the capital markets, all of which may affect the Company's ability to achieve its operating objectives and make dividend payments to shareholders. |
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