Crescent Real Estate Announces Taxable Allocations of 2004 Common and Preferred Share Dividend Distributions.

FORT WORTH, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States^[1], and voted one of "America’s Most Livable Communities. -- 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 2004 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    1/15/2004   1/30/2004   2/13/2004
--------------------------- ------ ----------- ----------- -----------
Common         225756-10-5   CEI    4/15/2004   4/30/2004   5/14/2004
--------------------------- ------ ----------- ----------- -----------
Common         225756-10-5   CEI    7/15/2004   7/30/2004   8/13/2004
--------------------------- ------ ----------- ----------- -----------
Common         225756-10-5   CEI   10/15/2004  10/29/2004  11/15/2004
--------------------------- ------ ----------- ----------- -----------

             Cash
            Distri-   Taxable            Long-Term  Unrecap   Return
 Security   bution    Ordinary Qualified  Capital  Sec. 1250    of
Description Per Share Dividend Dividend    Gain      Gain     Capital
-------------------- --------- --------- --------- --------- ---------
Common     0.375000  0.000000  0.000000  0.086798  0.072765  0.215437
-------------------- --------- --------- --------- --------- ---------
Common     0.375000  0.000000  0.000000  0.086798  0.072765  0.215437
-------------------- --------- --------- --------- --------- ---------
Common     0.375000  0.000000  0.000000  0.086798  0.072765  0.215437
-------------------- --------- --------- --------- --------- ---------
Common     0.375000  0.000000  0.000000  0.086798  0.072765  0.215437
-------------------- --------- --------- --------- --------- ---------
Totals     1.500000  0.000000  0.000000  0.347192  0.291060  0.861748
-------------------- --------- --------- --------- --------- ---------
Totals as a
 Percentage              0.00%     0.00%    23.15%    19.40%    57.45%
----------- -------- --------- --------- --------- --------- ---------


                                     Decla-
   Security                 Ticker   ration      Record      Payable
  Description     CUSIP     Symbol    Date        Date        Date
--------------------------- ------ ----------- ----------- -----------
Class A PFD                  CEI
               225756-20-4    pfA   1/15/2004   1/30/2004   2/13/2004
--------------------------- ------ ----------- ----------- -----------
Class A PFD                  CEI
               225756-20-4    pfA   4/15/2004   4/30/2004   5/14/2004
--------------------------- ------ ----------- ----------- -----------
Class A PFD                  CEI
               225756-20-4    pfA   7/15/2004   7/30/2004   8/13/2004
--------------------------- ------ ----------- ----------- -----------
Class A PFD                  CEI
               225756-20-4    pfA  10/15/2004  10/29/2004  11/15/2004
--------------------------- ------ ----------- ----------- -----------


             Cash
            Distri-   Taxable            Long-Term  Unrecap   Return
 Security   bution    Ordinary Qualified  Capital  Sec. 1250    of
Description Per Share Dividend Dividend    Gain      Gain     Capital
-------------------- --------- --------- --------- --------- ---------
Class A PFD 0.421875  0.000000  0.000000  0.229489  0.192386  0.000000
-------------------- --------- --------- --------- --------- ---------
Class A PFD 0.421875  0.000000  0.000000  0.229489  0.192386  0.000000
-------------------- --------- --------- --------- --------- ---------
Class A PFD 0.421875  0.000000  0.000000  0.229489  0.192386  0.000000
-------------------- --------- --------- --------- --------- ---------
Class A PFD 0.421875  0.000000  0.000000  0.229489  0.192386  0.000000
-------------------- --------- --------- --------- --------- ---------
Totals      1.687500  0.000000  0.000000  0.917956  0.769544  0.000000
-------------------- --------- --------- --------- --------- ---------
Totals as a
 Percentage              0.00%     0.00%    54.40%    45.60%     0.00%
----------- -------- --------- --------- --------- --------- ---------


                                     Decla-
   Security                 Ticker   ration      Record      Payable
  Description     CUSIP     Symbol    Date        Date        Date
--------------------------- ------ ----------- ----------- -----------
Class B PFD                  CEI
               225756-40-2    pfB   1/15/2004   1/30/2004   2/13/2004
--------------------------- ------ ----------- ----------- -----------
Class B PFD                  CEI
               225756-40-2    pfB   4/15/2004   4/30/2004   5/14/2004
--------------------------- ------ ----------- ----------- -----------
Class B PFD                  CEI
               225756-40-2    pfB   7/15/2004   7/30/2004   8/13/2004
--------------------------- ------ ----------- ----------- -----------
Class B PFD                  CEI
               225756-40-2    pfB  10/15/2004  10/29/2004  11/15/2004
--------------------------- ------ ----------- ----------- -----------


             Cash
            Distri-   Taxable            Long-Term  Unrecap   Return
 Security   bution    Ordinary Qualified  Capital  Sec. 1250    of
Description Per Share Dividend Dividend    Gain      Gain     Capital
-------------------- --------- --------- --------- --------- ---------
Class B PFD 0.593750  0.000000  0.000000  0.322984  0.270766  0.000000
-------------------- --------- --------- --------- --------- ---------
Class B PFD 0.593750  0.000000  0.000000  0.322984  0.270766  0.000000
-------------------- --------- --------- --------- --------- ---------
Class B PFD 0.593750  0.000000  0.000000  0.322984  0.270766  0.000000
-------------------- --------- --------- --------- --------- ---------
Class B PFD 0.593750  0.000000  0.000000  0.322984  0.270766  0.000000
-------------------- --------- --------- --------- --------- ---------
Totals      2.375000  0.000000  0.000000  1.291936  1.083064  0.000000
-------------------- --------- --------- --------- --------- ---------
Totals as a
 Percentage              0.00%     0.00%    54.40%    45.60%     0.00%
----------- -------- --------- --------- --------- --------- ---------

ABOUT THE COMPANY

Celebrating its tenth Tenth can mean:

In mathematics:

10th, an ordinal number; as in the item in an order ten places from the beginning, following the ninth and preceding the eleventh.
1/10, a fraction, one part of a unit divided equally into ten parts. It is written 0.

year, 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 joint ventures, Crescent owns and manages a portfolio of more than 70 premier office buildings totaling more than 29 million square feet primarily located 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 , 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. , Miami and Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. . 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. For more information, visit the Company's website at www.crescent.com.

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Publication:	Business Wire
Geographic Code:	1USA
Date:	Jan 21, 2005
Words:	683
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