Developers Diversified Declares Quarterly Class H and Class I Preferred Share Dividends.CLEVELAND -- Developers Diversified Realty (NYSE NYSE See: New York Stock Exchange :DDR (Double Data Rate) Refers to an SDRAM memory chip that increases performance by doubling the effective data rate of the frontside bus. For more details, see SDRAM. DDR - Double Data Rate Random Access Memory ) announced today the declaration of its second quarter 2005 Preferred Class H and Class I stock dividends. --Second Quarter Preferred Class H Stock Dividend: $0.460938 per depository share Each Class H Depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. Share is equal to one twentieth of a share of Developers Diversified's 7.375% Class H Cumulative Redeemable Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. . This dividend covers the period beginning on April 15, 2005 and ending on July 14, 2005. The declared Preferred Class H Dividend is payable July 15, 2005 to shareholders of record at the close of business on July 1, 2005. --Second Quarter Preferred Class I Stock Dividend: $0.46875 per depository share Each Class I Depositary Share is equal to one twentieth of a share of Developers Diversified's 7.5% Class I Cumulative Redeemable Preferred Stock. This dividend covers the period beginning on April 15, 2005 and ending on July 14, 2005. The declared Preferred Class I Dividend is payable July 15, 2005 to shareholders of record at the close of business on July 1, 2005. Developers Diversified Realty currently owns and manages over 470 operating and development properties totaling approximately 109 million square feet of real estate in 44 states and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. . Developers Diversified is a self-administered and managed real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) operating as a fully integrated real estate company which acquires, develops, leases and manages shopping centers. Additional information about Developers Diversified is available on the Internet at http://www.ddr.com. |
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