Crescent Real Estate Announces Taxable Allocations of 2002 Common and Preferred Share Dividend Distributions.Business Editors FORT WORTH, Texas--(BUSINESS WIRE)--Jan. 22, 2003 Crescent Real Estate Equities Company Crescent Real Estate Equities Co. (NYSE: CEI) is a Fort Worth, Texas-based real estate investor with holdings mainly in office and hotel properties, including several landmark buildings in the southern United States. (NYSE NYSE See: New York Stock Exchange :CEI CEI Competitive Enterprise Institute CEI Conferenza Episcopale Italiana (Italian bishop conference) CEI Central European Initiative CEI Comitato Elettrotecnico Italiano (Italian Electrotechnical Committee) ) today announced the taxable allocations of the 2002 dividend distributions on its common shares, 6 3/4% Series A Convertible Preferred Shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. , and 9.50% Series B Redeemable Redeemable Eligible for redemption under the terms of an indenture. Preferred Shares. Shareholders are encouraged to consult with their personal tax advisors A tax advisor is a financial expert especially trained in tax law. Some countries require tax advisors to verify the balance sheets of companies above a certain size. Individuals usually require tax advisors to minimize taxation, to avoid learning the details of tax law in as to their specific tax treatment of Crescent crescent, emblematic representation of the quarter moon. The crescent and star, ancient Byzantine symbols that became the emblems of Constantinople, were also assumed as the standard of the Ottoman Turks. Real Estate dividends.
Decla-
Security Ticker ration Record Payable
Description CUSIP Symbol Date Date Date
----------- ------------ -------- ----------- ----------- ----------
Common 225756-10-5 CEI 01/15/2002 01/31/2002 02/15/2002
Common 225756-10-5 CEI 04/12/2002 04/30/2002 05/15/2002
Common 225756-10-5 CEI 07/15/2002 07/31/2002 08/15/2002
Common 225756-10-5 CEI 10/15/2002 10/31/2002 11/15/2002
Totals
Totals as a Percentage
Cash
Distri- Taxable Short-Term
Security bution Ordinary Capital
Description Per Share Dividend Gain
------------- --------- ----------- -----------
Common 0.375000 0.018129 0.000658
Common 0.375000 0.018129 0.000658
Common 0.375000 0.018129 0.000658
Common 0.375000 0.018129 0.000658
Totals 1.500000 0.072516 0.002632
Totals as a Percentage 4.83% 0.18%
Long-Term Unrecap Return
Security Capital Sec. 1250 of
Description Gain Gain Capital
------------- --------- ----------- -----------
Common 0.064122 0.010126 0.281965
Common 0.064122 0.010126 0.281965
Common 0.064122 0.010126 0.281965
Common 0.064122 0.010126 0.281965
Totals 0.256488 0.040504 1.127860
Totals as a Percentage 17.10% 2.70% 75.19%
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Decla-
Security Ticker ration Record Payable
Description CUSIP Symbol Date Date Date
----------- ------------ -------- ----------- ----------- ----------
Class A PFD 225756-20-4 CEI pfA 01/15/2002 01/31/2002 02/15/2002
Class A PFD 225756-20-4 CEI pfA 04/12/2002 04/30/2002 05/15/2002
Class A PFD 225756-20-4 CEI pfA 07/15/2002 07/31/2002 08/15/2002
Class A PFD 225756-20-4 CEI pfA 10/15/2002 10/31/2002 11/15/2002
Totals
Totals as a Percentage
Cash
Distri- Taxable Short-Term
Security bution Ordinary Capital
Description Per Share Dividend Gain
------------- --------- ----------- -----------
Class A PFD 0.421875 0.082210 0.002985
Class A PFD 0.421875 0.082210 0.002985
Class A PFD 0.421875 0.082210 0.002985
Class A PFD 0.421875 0.082210 0.002985
Totals 1.687500 0.328840 0.011940
Totals as a Percentage 19.49% 0.71%
Long-Term Unrecap Return
Security Capital Sec. 1250 of
Description Gain Gain Capital
------------- --------- ----------- -----------
Class A PFD 0.290765 0.045915 0.000000
Class A PFD 0.290765 0.045915 0.000000
Class A PFD 0.290765 0.045915 0.000000
Class A PFD 0.290765 0.045915 0.000000
Totals 1.163060 0.183660 0.000000
Totals as a Percentage 68.92% 10.88% 0.00%
----------------------------------------------------------------------
Decla-
Security Ticker ration Record Payable
Description CUSIP Symbol Date Date Date
----------- ------------ -------- ----------- ----------- ----------
Class B PFD 225756-40-2 CEI pfB 07/15/2002 07/31/2002 08/15/2002
Class B PFD 225756-40-2 CEI pfB 10/15/2002 10/31/2002 11/15/2002
Totals
Totals as a Percentage
Cash
Distri- Taxable Short-Term
Security bution Ordinary Capital
Description Per Share Dividend Gain
------------- --------- ----------- -----------
Class B PFD 0.587153 0.114417 0.004155
Class B PFD 0.593750 0.115703 0.004201
Totals 1.180903 0.230120 0.008356
Totals as a Percentage 19.49% 0.71%
Long-Term Unrecap Return
Security Capital Sec. 1250 of
Description Gain Gain Capital
------------- --------- ----------- -----------
Class B PFD 0.404678 0.063903 0.000000
Class B PFD 0.409225 0.064621 0.000000
Totals 0.813903 0.128524 0.000000
Totals as a Percentage 68.92% 10.88% 0.00%
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ABOUT THE COMPANY Crescent Real Estate Equities Company (NYSE: CEI) is one of the largest publicly held real estate investment trusts in the nation. Through its subsidiaries and partners, Crescent owns and manages a portfolio of 74 premier office buildings totaling over 29 million square feet and centered in the Southwestern south·west n. 1. Abbr. SW The direction or point on the mariner's compass halfway between due south and due west, or 135° west of due north. 2. An area or region lying in the southwest. 3. 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. , with major concentrations in Dallas Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. , Houston Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; , Austin Austin. 1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum and Denver Denver, city (1990 pop. 467,610), alt. 5,280 ft (1,609 m), state capital, coextensive with Denver co., N central Colo., on a plateau at the foot of the Front Range of the Rocky Mts., along the South Platte River where Cherry Creek meets it; inc. 1861. . In addition, the company has investments in world-class world-class adj. 1. Ranking among the foremost in the world; of an international standard of excellence; of the highest order: a world-class figure skater. 2. resorts and spas and upscale residential developments. |
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