Crescent Real Estate Equities Company Announces Preferred Share Dividend.FORT WORTH, Texas--(BUSINESS WIRE)--April 15, 1999-- 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 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. of $.422 per share. The dividend is payable May 14, 1999, to shareholders of record on April 30, 1999. Crescent is a fully integrated real estate company which owns through its subsidiaries a portfolio of real estate assets, consisting of 89 office properties and 7 retail properties totaling 32.6 million square feet, a 39.6% interest in 91 refrigerated re·frig·er·ate tr.v. re·frig·er·at·ed, re·frig·er·at·ing, re·frig·er·ates 1. To cool or chill (a substance). 2. To preserve (food) by chilling. warehouse facilities, 88 behavioral healthcare facilities, 7 full-service hotels totaling 2,257 rooms, 2 destination health and fitness resorts, and economic interests in 5 residential development corporations. The office and retail properties are located primarily in 17 metropolitan submarkets in Texas. For further information, please contact Bruce A. Picker, Vice President and Treasurer, Crescent Real Estate Equities Company at 817/321-1447. Crescent is also online at www.cei-crescent.com. |
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