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Crescent Real Estate Announces Taxable Allocations of 2005 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 2005 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    1/14/2005   1/31/2005    2/15/2005
 ----------- ------------ ------- ----------- ----------- ------------
 Common      225756-10-5    CEI    4/15/2005   4/29/2005    5/13/2005
 ----------- ------------ ------- ----------- ----------- ------------
 Common      225756-10-5    CEI    7/15/2005   7/29/2005    8/15/2005
 ----------- ------------ ------- ----------- ----------- ------------
 Common      225756-10-5    CEI   10/14/2005  10/31/2005   11/15/2005
 ----------- ------------ ------- ----------- ----------- ------------
 Totals
 ----------- ------------ ------- ----------- ----------- ------------
 Totals as a Percentage
 ------------------------ ------- ----------- ----------- ------------

 Class A PFD 225756-20-4  CEI pfA  1/14/2005   1/31/2005    2/15/2005
 ----------- ------------ ------- ----------- ----------- ------------
 Class A PFD 225756-20-4  CEI pfA  4/15/2005   4/29/2005    5/13/2005
 ----------- ------------ ------- ----------- ----------- ------------
 Class A PFD 225756-20-4  CEI pfA  7/15/2005   7/29/2005    8/15/2005
 ----------- ------------ ------- ----------- ----------- ------------
 Class A PFD 225756-20-4  CEI pfA 10/14/2005  10/31/2005   11/15/2005
 ----------- ------------ ------- ----------- ----------- ------------
 Totals
 ----------- ------------ ------- ----------- ----------- ------------
 Totals as a Percentage
 ------------------------ ------- ----------- ----------- ------------

 Class B PFD 225756-40-2  CEI pfB  1/14/2005   1/31/2005    2/15/2005
 ----------- ------------ ------- ----------- ----------- ------------
 Class B PFD 225756-40-2  CEI pfB  4/15/2005   4/29/2005    5/13/2005
 ----------- ------------ ------- ----------- ----------- ------------
 Class B PFD 225756-40-2  CEI pfB  7/15/2005   7/29/2005    8/15/2005
 ----------- ------------ ------- ----------- ----------- ------------
 Class B PFD 225756-40-2  CEI pfB 10/14/2005  10/31/2005   11/15/2005
 ----------- ------------ ------- ----------- ----------- ------------
 Totals
 ----------- ------------ ------- ----------- ----------- ------------
 Totals as a Percentage
 ------------------------ ------- ----------- ----------- ------------


              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  0.023552  0.010024  0.177257  0.053498  0.110669
----------- --------- --------- --------- --------- --------- --------
Common      0.375000  0.023552  0.010024  0.177257  0.053498  0.110669
----------- --------- --------- --------- --------- --------- --------
Common      0.375000  0.023552  0.010024  0.177257  0.053498  0.110669
----------- --------- --------- --------- --------- --------- --------
Common      0.375000  0.023552  0.010024  0.177257  0.053498  0.110669
----------- --------- --------- --------- --------- --------- --------
Totals      1.500000  0.094208  0.040096  0.709028  0.213992  0.442676
----------- --------- --------- --------- --------- --------- --------
Totals as a Percentage    6.28%     2.67%    47.27%    14.27%   29.51%
------------ -------- --------- --------- --------- --------- --------

----------- --------- --------- --------- --------- --------- --------
Class A PFD 0.421875  0.037590  0.015998  0.282904  0.085383  0.000000
----------- --------- --------- --------- --------- --------- --------
Class A PFD 0.421875  0.037590  0.015998  0.282904  0.085383  0.000000
----------- --------- --------- --------- --------- --------- --------
Class A PFD 0.421875  0.037590  0.015998  0.282904  0.085383  0.000000
----------- --------- --------- --------- --------- --------- --------
Class A PFD 0.421875  0.037590  0.015998  0.282904  0.085383  0.000000
----------- --------- --------- --------- --------- --------- --------
Totals      1.687500  0.150360  0.063992  1.131616  0.341532  0.000000
----------- --------- --------- --------- --------- --------- --------
Totals as a Percentage    8.91%     3.79%    67.06%    20.24%    0.00%
------------ -------- --------- --------- --------- --------- --------

----------- --------- --------- --------- --------- --------- --------
Class B PFD 0.593750  0.052906  0.022516  0.398161  0.120168  0.000000
----------- --------- --------- --------- --------- --------- --------
Class B PFD 0.593750  0.052906  0.022516  0.398161  0.120168  0.000000
----------- --------- --------- --------- --------- --------- --------
Class B PFD 0.593750  0.052906  0.022516  0.398161  0.120168  0.000000
----------- --------- --------- --------- --------- --------- --------
Class B PFD 0.593750  0.052906  0.022516  0.398161  0.120168  0.000000
----------- --------- --------- --------- --------- --------- --------
Totals      2.375000  0.211624  0.090064  1.592644  0.480672  0.000000
----------- --------- --------- --------- --------- --------- --------
Totals as a Percentage    8.91%     3.79%    67.06%    20.24%    0.00%
------------ -------- --------- --------- --------- --------- --------



About the Company

Crescent Real Estate Equities Company (NYSE:CEI) is a real estate investment trust headquartered in Fort Worth, Texas. Through its subsidiaries and joint ventures, Crescent owns and manages a portfolio of 75 premier office buildings totaling 31 million square feet located in select markets across 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. , 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. . Crescent also makes strategic investments in resort residential development, as well as destination resorts, including Canyon Ranch Canyon Ranch is a brand associated with several properties, communities, resorts, and spas.

Properties & communities

  • Canyon Ranch, Chicago - a proposed 64 story skyscraper in Chicago, Illinois
(R). For more information, visit the Company's website at www.crescent.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Jan 20, 2006
Words:623
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