TriNet Declares Preferred Stock Dividends.SAN FRANCISCO--(BUSINESS WIRE)--Aug. 17, 1998--TriNet Corporate Realty Trust, Inc. (NYSE NYSESee: New York Stock Exchange : TRI TRI Toxics Release Inventory (US EPA) TRI Touch Research Institute TRI Taux de Rentabilité Interne (French: internal rate of return) TRI Taux de Rentabilité Interne TRI Tile Roofing Institute ) reported today the company's Board of Directors has declared dividends declared dividend A dividend authorized by a firm's board of directors. At the time a dividend is declared, the firm creates a liability for the dividend's payment. on TriNet's Series A, Series B, and Series C 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. . For all three series of preferred stock, dividends are payable on September 15, 1998, to holders of record on August 31, 1998. A dividend of $0.5859375 per share will be paid on the 9.375 percent Series A preferred stock; a dividend of $0.575 per share will be paid on the 9.20 percent Series B preferred stock; and a dividend of $0.50 per share will be paid on the 8.0 percent Series C preferred stock. TriNet Corporate Realty Trust, Inc. is a real estate investment trust which acquires, owns, manages, and develops primarily office and industrial properties leased to major corporations nationwide. TriNet's total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. is approximately $1.6 billion, and its portfolio of 139 properties comprises over 19 million square feet in 25 states and is 98.3 percent leased. Additional information on TriNet Corporate Realty Trust, Inc. is available on the company's Web site at http://www.tricorp.com.
CONTACT: TriNet Corporate Realty Trust, Inc.
Elizabeth Drucker, 415/391-4300
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