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THE CHICAGO DOCK AND CANAL TRUST (NASDAQ/DOCKS) ANNOUNCES DIVIDEND

THE CHICAGO DOCK AND CANAL TRUST (NASDAQ/DOCKS) ANNOUNCES DIVIDEND
 CHICAGO, April 30 /PRNewswire/ -- The board of trustees of the Chicago Dock and Canal Trust (NASDAQ: DOCKS) declared a quarterly dividend of eight cents per share payable on June 1, 1992, to shareholders of record as of May 15, 1992.
 Including this declaration, the trust declared total dividends of 31 cents per share for its fiscal year ended April 30, 1992. This equals total dividends declared of 31 cents per share for the prior fiscal year. For the fiscal year ended April 30, 1992, the September dividend was seven cents per share and the December, March and June dividends were eight cents per share. In the prior fiscal year, the September, December, March and June dividends were seven cents per share and the April dividend was three cents per share.
 The Chicago Dock and Canal Trust is a real estate investment trust engaged primarily in the business of acquiring and holding real estate and interests in real estate for investment. The trust, formed in 1962, is successor to the Chicago Dock and Canal Co., founded in 1857 by Chicago's first mayor, William Ogden. The trust's assets include ownership of a substantial portion of the land and a 904-unit apartment complex at Cityfront Center, a major mixed-use development in Chicago. The trust also owns Lincoln Garden (a 73,000-sq.-ft. office complex in Tampa, Fla.), Waterplace Park (a 107,000-sq-ft. office complex in Indianapolis) and One Michigan Avenue (a 144,000-sq.-ft. office building in Lansing, Mich.).
 -0- 4/30/92
 /CONTACT: David R. Tinkham of Chicago Dock & Canal Trust, 312-467-1870, Mike Aabram or Marti Dee of Edelman Public Relations, 312-280-7000, for Chicago Dock & Canal Trust/ CO: Chicago Dock and Canal Trust ST: Illinois IN: FIN SU: DIV


SM -- NY118 -- 5227 04/30/92 18:13 EDT
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Publication:PR Newswire
Date:Apr 30, 1992
Words:306
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