Corporate Office Properties Trust Announces First Quarter Dividend.Business Editors COLUMBIA, Md.--(BUSINESS WIRE)--March 20, 2000 Corporate Office Properties Trust Corporate Office Properties Trust Inc. (COPT) (NYSE: OFC) is a publicly-traded real estate investment trust (REIT) corporation that specializes in office development, and describes itself as "a fully integrated, self-managed real estate investment trust that focuses on the (NYSE NYSE See: New York Stock Exchange :OFC OFC Office OFC Officer OFC Of Course OFC Oxygen Free Copper OFC Oceania Football Confederation (soccer) OFC Optical Fiber Cable OFC Optical Fiber Communications OFC Optical Fiber Conference ) announced today its Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. has declared a quarterly dividend of $0.19 per Common Share of beneficial interest for the first quarter of 2000. The dividend will be paid on April 17, 2000 to shareholders of record March 31, 2000. The Board of Trustees declared a dividend for the quarter ending March 31, 2000 of $0.34375 per Series A Convertible Preferred Share of the Company, payable on April 17, 2000 to shareholders of record on March 31, 2000. The Board of Trustees also declared a dividend for the quarter ending March 31, 2000 of $0.625 per Series B Cumulative Redeemable Redeemable Eligible for redemption under the terms of an indenture. Preferred Share of the Company, payable on April 17, 2000 to shareholders of record on March 31, 2000. Company Information Corporate Office Properties Trust is a fully-integrated, self-managed real estate investment trust which focuses on the ownership, development, management and acquisition of suburban office properties located in targeted suburban submarkets in 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. . The Company presently owns 77 office properties totaling 5.9 million square feet of space. In addition, the Company's property management company, Corporate Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Management, manages more than 16 million square feet for the Company and third parties. Corporate Development Services, the Company's development company, provides a wide range of development and construction management services. For more information, visit Corporate Office Properties' website at http://www.copt.com. Forward-Looking Information This press release contains forward-looking information based upon the Company's current best judgement and expectations. Actual results could vary from those presented herein. The risks and uncertainties associated with the forward-looking information include the strength of the commercial office real estate market in which the Company operates, competitive market conditions, general economic growth, interest rates and capital market conditions. For further information, please refer to the Company's filings with the Securities and Exchange Commission. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion