BEACHWOOD, Ohio, Jan. 4, 2011 /PRNewswire/ -- Developers
Diversified Realty Corporation (NYSE: DDR) today announced the tax
allocations of 2010 dividend distributions on its common shares and
three series of preferred shares.
For shareholders of Developers Diversified common and preferred
shares, the Form 1099-DIV summarizes the allocation of 2010
dividends. The amounts indicated on Form 1099-DIV should be
reported on shareholders' 2010 federal income tax returns. The
schedule below, presented on a per share basis, is provided for
informational purposes only and should only be used to clarify the
Form 1099-DIV.
Please note that the January 6,
2010 common share distribution is included in the tax
allocations for 2010 and the January 5,
2011 common share distribution will be included in the tax
allocations for 2011.
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Common Shares (NYSE:
DDR)
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Cusip: 251591
103
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Unrecaptured
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Record
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Payable
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Ordinary
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Total
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Return
of
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Total
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Sec.
1250
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Period
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Date
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Date
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Dividends
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Capital
Gain
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Capital
(1)
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Dividends
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Gain
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4Q09
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12/23/2009
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1/6/2010
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0.000000
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0.000000
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0.020000
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0.020000
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0.000000
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1Q10
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3/23/2010
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4/6/2010
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0.000000
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0.000000
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0.020000
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0.020000
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0.000000
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2Q10
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6/21/2010
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7/7/2010
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0.000000
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0.000000
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0.020000
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0.020000
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0.000000
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3Q10
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9/21/2010
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10/5/2010
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0.000000
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0.000000
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0.020000
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0.020000
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0.000000
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Total
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0.000000
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0.000000
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0.080000
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0.080000
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0.000000
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Preferred Class G Depository
Shares (NYSE: DDR_pg)
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Cusip: 251591
830
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Unrecaptured
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Record
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Payable
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Ordinary
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Total
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Return
of
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Total
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Sec.
1250
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Period
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Date
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Date
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Dividends
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Capital
Gain
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Capital
(1)
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Dividends
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Gain
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12/15/09 –
03/14/10
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3/1/2010
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3/15/2010
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0.000000
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0.000000
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0.500000
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0.500000
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0.000000
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03/15/10 –
06/14/10
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6/1/2010
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6/15/2010
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0.000000
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0.000000
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0.500000
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0.500000
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0.000000
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06/15/10 –
09/14/10
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9/1/2010
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9/15/2010
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0.000000
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0.000000
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0.500000
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0.500000
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0.000000
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09/15/10 –
12/14/10
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12/1/2010
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12/15/2010
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0.000000
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0.000000
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0.500000
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0.500000
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0.000000
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Total
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0.000000
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0.000000
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2.000000
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2.000000
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0.000000
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Preferred Class H Depository
Shares (NYSE: DDR_ph)
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Cusip: 251591
822
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Unrecaptured
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Record
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Payable
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Ordinary
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Total
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Return
of
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Total
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Sec.
1250
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Period
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Date
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Date
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Dividends
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Capital
Gain
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Capital
(1)
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Dividends
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Gain
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01/15/10 –
04/14/10
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4/1/2010
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4/15/2010
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0.000000
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0.000000
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0.460938
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0.460938
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0.000000
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04/15/10 –
07/14/10
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7/1/2010
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7/15/2010
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0.000000
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0.000000
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0.460938
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0.460938
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0.000000
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07/15/10 –
10/14/10
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10/1/2010
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10/15/2010
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0.000000
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0.000000
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0.460938
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0.460938
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0.000000
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10/15/10 –
01/14/11
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12/30/2010
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1/18/2011
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0.000000
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0.000000
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0.460938
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0.460938
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0.000000
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Total
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0.000000
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0.000000
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1.843752
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1.843752
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0.000000
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Preferred Class I Depository
Shares (NYSE: DDR_pi)
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Cusip: 251591
780
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Unrecaptured
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Record
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Payable
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Ordinary
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Total
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Return
of
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Total
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Sec.
1250
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Period
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Date
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Date
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Dividends
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Capital
Gain
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Capital
(1)
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Dividends
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Gain
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01/15/10 –
04/14/10
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4/1/2010
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4/15/2010
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0.000000
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0.000000
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0.468750
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0.468750
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0.000000
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04/15/10 –
07/14/10
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7/1/2010
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7/15/2010
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0.000000
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0.000000
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0.468750
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0.468750
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0.000000
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07/15/10 –
10/14/10
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10/1/2010
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10/15/2010
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0.000000
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0.000000
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0.468750
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0.468750
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0.000000
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10/15/10 –
01/14/11
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12/30/2010
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1/18/2011
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0.000000
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0.000000
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0.468750
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0.468750
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0.000000
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Total
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0.000000
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0.000000
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1.875000
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1.875000
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0.000000
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(1)
Represents a return of stockholders' original investment
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About Developers Diversified
Developers Diversified owns and manages approximately 570 retail
operating and development properties in 41 states, Brazil, Canada and Puerto
Rico. Totaling approximately 132 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.
Developers Diversified Realty Corporation considers portions of
this information to be forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, both as amended, with
respect to the Company's expectation for future periods. Although
the Company believes that the expectations reflected in such
forward-looking statements are based upon reasonable assumptions,
it can give no assurance that its expectations will be achieved.
For this purpose, any statements contained herein that are not
historical fact may be deemed to be forward-looking statements.
There are a number of important factors that could cause our
results to differ materially from those indicated by such
forward-looking statements, including, among other factors, local
conditions such as oversupply of space or a reduction in demand for
real estate in the area; competition from other available space;
dependence on rental income from real property; the loss of,
significant downsizing of or bankruptcy of a major tenant;
constructing properties or expansions that produce a desired yield
on investment; our ability to sell assets on commercially
reasonable terms; our ability to secure equity or debt financing on
commercially acceptable terms or at all; our ability to enter into
definitive agreements with regard to our financing and joint
venture arrangements or our failure to satisfy conditions to the
completion of these arrangements; the outcome of pending or future
litigation, including litigation with tenants or joint venture
partners; and the completion of our financial statements for the
year ended December 31, 2010. For
additional factors that could cause the results of the Company to
differ materially from these indicated in the forward-looking
statements, please refer to the Company's Form 10-K as of
December 31, 2009. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the
date hereof.
SOURCE Developers Diversified Realty Corporation