CBL & Associates Properties Declares Common and Preferred Stock Dividends
01 September 2010 - 6:00AM
Business Wire
CBL & Associates Properties, Inc. (NYSE: CBL) today
announced that its Board of Directors has declared a quarterly cash
dividend for the Company’s Common Stock of $0.20 per share for the
quarter ending September 30, 2010. The dividend is payable on
October 15, 2010, to shareholders of record as of September 30,
2010.
The Board also declared a quarterly cash dividend of $0.484375
per depositary share for the quarter ending September 30, 2010, for
the Company's 7.75% Series C Cumulative Redeemable Preferred Stock.
The dividend, which equates to an annual dividend payment of
$1.9375 per depositary share, is payable on September 30, 2010, to
shareholders of record as of September 16, 2010.
The Board also declared a quarterly cash dividend of $0.4609375
per depositary share for the quarter ending September 30, 2010, for
the Company's 7.375% Series D Cumulative Redeemable Preferred
Stock. The dividend, which equates to an annual dividend payment of
$1.84375 per depositary share, is payable on September 30, 2010, to
shareholders of record as of September 16, 2010.
About CBL & Associates
Properties, Inc.
CBL is one of the largest and most active owners and developers
of malls and shopping centers in the United States. CBL owns, holds
interests in or manages 161 properties, including 85 regional
malls/open-air centers. The properties are located in 27 states and
total 85.4 million square feet including 2.3 million square feet of
non-owned shopping centers managed for third parties. Headquartered
in Chattanooga, TN, CBL has regional offices in Boston (Waltham),
MA, Dallas (Irving), TX, and St. Louis, MO. Additional information
can be found at cblproperties.com.
Information included herein contains "forward-looking
statements" within the meaning of the federal securities laws. Such
statements are inherently subject to risks and uncertainties, many
of which cannot be predicted with accuracy and some of which might
not even be anticipated. Future events and actual events, financial
and otherwise, may differ materially from the events and results
discussed in the forward-looking statements. The reader is directed
to the Company's various filings with the Securities and Exchange
Commission, including without limitation the Company's Annual
Report on Form 10-K and the "Management's Discussion and Analysis
of Financial Condition and Results of Operations" incorporated by
reference therein, for a discussion of such risks and
uncertainties.
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