Commercial Net Lease Realty, Inc. Declares Dividend for Its Series A and Series B Preferred Stock.ORLANDO, Fla. -- The Board of Directors of Commercial Net Lease Realty, Inc. (NYSE NYSE See: New York Stock Exchange :NNN), a real estate investment trust, declared a quarterly dividend on its 9% Series A Non-Voting Preferred Stock of 56.25 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. payable March 15, 2005 to shareholders of record on February 28, 2005. The dividend represents an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. rate of $2.25 per share. Additionally, the company declared a quarterly dividend on its 6.70% Series B 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". of $41.875 per share payable March 15, 2005 to shareholders of record on February 28, 2005. This dividend represents an annualized rate of $167.50 per share. Commercial Net Lease Realty invests primarily in high quality, single-tenant retail properties subject generally to long-term, net leases with established tenants, such as Barnes & Noble, Best Buy, CVS, OfficeMax and the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, . The Company currently owns 362 investment properties in 38 states with a gross leasable area of approximately 8.3 million square feet. These properties are leased to 152 corporations in 56 industry classifications. |
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