American Land Lease, Inc. Declares Fourth Quarter Dividend and Announces Fourth Quarter Earnings Conference Call
January 26 2005 - 4:11PM
PR Newswire (US)
American Land Lease, Inc. Declares Fourth Quarter Dividend and
Announces Fourth Quarter Earnings Conference Call CLEARWATER, Fla.,
Jan. 26 /PRNewswire-FirstCall/ -- American Land Lease, Inc.
(NYSE:ANL) today announced that its Board of Directors declared a
regular fourth quarter dividend of $0.25 per share payable on
February 28, 2005 to stockholders of record on February 14, 2005.
The Company will not offer reinvestment of the fourth quarter
dividend through the dividend reinvestment plan. The Board of
Directors reviews the dividend policy quarterly. The Company's
dividend is set quarterly and is subject to change or elimination
at any time. The Company's primary financial objective is to
maximize long-term, risk-adjusted returns on investment for
stockholders. While the dividend policy is considered within the
context of this objective, maintenance of past dividend levels is
not a primary investment objective of the Company and the dividend
policy is subject to numerous factors, including the Company's
profitability, capital expenditure plans, obligations related to
principal payments and capitalized interest, and the availability
of debt and equity capital at terms deemed attractive by the
Company to finance these expenditures. The Company's net operating
loss may be used to offset all or a portion of its real estate
investment trust ("REIT") taxable income, which may allow the
Company to reduce or eliminate its dividends and still maintain its
REIT status. Management will hold a teleconference call, Monday,
February 14, 2005 at 4:00 p.m. Eastern Standard Time to discuss
fourth quarter 2004 results. You can participate in the conference
call by dialing, toll-free, (800) 374-5458 approximately five
minutes before the conference call is scheduled to begin and
indicating that you wish to join the American Land Lease fourth
quarter 2004 results conference call. If you are unable to
participate at the scheduled time, this information will be
available for recorded playback from 5:30 p.m. EST, February 14,
2005 until midnight on February 21, 2005. To access the replay,
dial toll free, (800) 642-1687 and request information from
conference ID 3720446. DATASOURCE: American Land Lease, Inc.
CONTACT: Robert G. Blatz, President, or Shannon E. Smith, Chief
Financial Officer, both of American Land Lease, Inc.,
+1-727-726-8868 Web site: http://www.americanlandlease.com/
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