Ramco-Gershenson Properties Trust Declares Third Quarter 2007 Common and Preferred Share Dividends.FARMINGTON HILLS, Mich. -- Ramco-Gershenson Properties Trust (NYSE NYSE See: New York Stock Exchange :RPT RPT - Unify. Report Writer Language. ) announced today that its Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. has declared a third quarter common share dividend of $0.4625 per share for the period of July 1, 2007 through September 30, 2007, based on an annual dividend of $1.85 per share. The common share dividend is payable on October 2, 2007, to shareholders of record on September 20, 2007. The Board of Trustees also declared a third quarter dividend of $0.5938 per Series B cumulative redeemable preferred share for the period of July 1, 2007 through September 30, 2007. The dividends for the Series B cumulative redeemable 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. are payable on October 2, 2007, to shareholders of record on September 20, 2007. About Ramco-Gershenson Properties Trust Ramco-Gershenson Properties Trust, headquartered in Farmington Hills, Michigan Farmington Hills is the most populous city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit and is known for it's affluence, excellent schools, great housing stock, luxury homes and a center of business in Oakland County and Metro Detroit. , is a fully integrated, self-administered, publicly-traded real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ), which owns, develops, acquires, manages and leases community shopping centers, regional malls and single tenant retail properties, nationally. The Trust owns interests in 86 shopping centers totaling approximately 19.2 million square feet of gross leasable area Gross leasable area (GLA) in the retail development industry is a term applied to shopping malls, lifestyle centers, outlet malls and other retail centers to indicate the amount of floor space available to be rented. in Michigan, Florida, Georgia, Ohio, Wisconsin, Tennessee, Indiana, New Jersey, Virginia, South Carolina, North Carolina, and Maryland. For further information on Ramco-Gershenson Properties Trust visit the Trust's website at www.rgpt.com. This press release contains forward-looking statements with respect to the expected annual dividend rate. Management of Ramco-Gershenson believes the expectations reflected in the forward-looking statements made in this document are based on reasonable assumptions. Certain factors could occur that might cause actual results to vary. These include general economic conditions, the strength of key industries in the cities in which the Trust's properties are located, the performance of the Trust's tenants at the Trust's properties and elsewhere and other factors discussed in the Trust's reports filed with the Securities and Exchange Commission. |
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