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PAINEWEBBER RETAIL PROPERTY INVESTMENTS DECLARES DIVIDEND

 PAINEWEBBER RETAIL PROPERTY INVESTMENTS DECLARES DIVIDEND
 BOSTON, Dec. 16 /PRNewswire/ -- The board of directors of PaineWebber Retail Property Investments, Inc. today announced the declaration of a dividend of $0.20 per share which equals an 8 percent annualized rate of return for the quarter ended Nov. 30, 1991, on the common stock of the company, payable on Jan. 15, 1992, to shareholders of record on Dec. 31, 1991.
 One new Wal-Mart-anchored shopping center was acquired during the quarter: Applewood Village, Fremont, Ohio. A total of 17 properties have been acquired to date, consisting of 3.2 million square feet of retail space. Five additional centers with 1.0 million square feet have been approved for acquisition.
 The company continues to identify additional properties for acquisition.
 -0- 12/16/91
 /CONTACT: Anthony C. Perkins, senior vice president of PaineWebber Properties, 617-439-8122/
 (PWJ) CO: PaineWebber Retail Property Investments, Inc. ST: Massachusetts IN: FIN SU: DIV


SH-OS -- NY036 -- 2488 12/16/91 11:48 EST
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Publication:PR Newswire
Date:Dec 16, 1991
Words:162
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