CLEVELAND, Sept. 15 /PRNewswire-FirstCall/ -- Developers
Diversified Realty Corporation (NYSE: DDR) declared its third
quarter 2010 Preferred Class H stock dividend of $0.460938 per depositary share and Preferred
Class I stock dividend of $0.46875
per depositary share.
Each Class H depositary share is equal to one-twentieth of a
share of Developers Diversified's 7.375% Class H Cumulative
Redeemable Preferred Stock. The declared Preferred Class H dividend
covers the period beginning July 15,
2010 and ending October 14,
2010. The declared Preferred Class H Dividend is payable
October 15, 2010 to shareholders of
record at the close of business on October
1, 2010.
Each Class I depositary share is equal to one-twentieth of a
share of Developers Diversified's 7.5% Class I Cumulative
Redeemable Preferred Stock. The declared Preferred Class I dividend
covers the period beginning July 15,
2010 and ending October 14,
2010. The declared Preferred Class I Dividend is payable
October 15, 2010 to shareholders of
record at the close of business on October
1, 2010.
Developers Diversified owns and manages approximately 620 retail
operating and development properties in 42 states, Brazil, Canada and Puerto
Rico. Totaling more than 136 million square feet, the
Company's shopping center portfolio features open-air,
value-oriented neighborhood and community centers, mixed-use
centers and lifestyle centers located in prime markets with stable
populations and high-growth potential. Developers Diversified is
the largest landlord in Puerto
Rico and owns a premier portfolio of regional malls in and
around Sao Paulo, Brazil.
Developers Diversified is a self-administered and self-managed REIT
operating as a fully integrated real estate company. Additional
information about the Company is available on the Internet at
www.ddr.com.
SOURCE Developers Diversified Realty Corporation
Copyright . 15 PR Newswire