ROCKEFELLER CENTER PROPERTIES DECLARES 48 CENTS DIVIDEND FOR FOURTH QUARTER
ROCKEFELLER CENTER PROPERTIES DECLARES
48 CENTS DIVIDEND FOR FOURTH QUARTER
NEW YORK, Nov. 21 /PRNewswire/ -- The board of directors of Rockefeller Center Properties, Inc. (NYSE: RCP) (RCPI) declared today a regular dividend of 48 cents per share of common stock for the quarter ended Dec. 31, 1991, payable Dec. 30, 1991, to stockholders of record at the close of business on Dec. 9, 1991.
The company said that it intends to make distributions to its stockholders on the last Monday of April, July, October and December of each year.
RCPI, which commenced operations on Sept. 19, 1985, was formed to permit public investment in Rockefeller Center. RCPI's principal asset is a $1.3 billion participating mortgage loan to the owners of Rockefeller Center with an option, exercisable on Dec. 31, 2000, to convert the loan into a 71.5 percent ownership interest in Rockefeller Center.
As of Nov. 20, there are 37,510,000 shares of common stock outstanding.
/CONTACT: Stephanie Leggett Young or Richard M. Scarlata of Rockefeller Center Properties, 212-841-7760/
(RCP) CO: Rockefeller Center Properties, Inc. ST: New York IN: FIN SU: DIV TS-OS -- NY019 -- 5760 11/21/91 09:38 EST