Crescent Real Estate Equities Announces Quarterly Common Share Dividend.Business Editors & Real Estate Writers FORT WORTH, Texas--(BUSINESS WIRE)--Jan. 10, 2000 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 that its Board of Trust Managers has declared a cash dividend on the Company's common stock of $.55 per share for the quarter ending Dec. 31, 1999. The dividend is equivalent to 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. dividend of $2.20 per share. The dividend is payable Feb. 17, 2000, to shareholders of record on Jan. 28, 2000. Crescent, one of the country's largest real estate investment trusts, owns and manages a diversified portfolio consisting of Class A office and retail properties, hotels and destination fitness resorts, residential land developments, temperature controlled logistic (refrigerated storage) properties and behavioral healthcare facilities. Our mission is to maximize value to our shareholders by: i) distinguishing ourselves as the undisputed leader in each of our businesses through customer service and asset quality; and ii) executing a disciplined real estate investment and operating strategy that focuses on market leadership, innovative growth opportunities, and outstanding employee and partner alliances. For further information, please contact Jerry R. Crenshaw cren·shaw also cran·shaw n. A variety of winter melon (Cucumis melo var. inodorus) having a greenish-yellow rind and sweet, usually salmon-pink flesh. [Origin unknown.] , Senior Vice President and Chief Financial Officer, Crescent Real Estate Equities Company at 817/321-1492. Crescent is also online at www.cei-crescent.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion