Developers Diversified Declares First Quarter 2010 Class G Preferred Share Dividend
February 16 2010 - 8:30AM
PR Newswire (US)
CLEVELAND, Feb. 16 /PRNewswire-FirstCall/ -- Developers Diversified
Realty Corporation (NYSE:DDR) declared its first quarter 2010
Preferred Class G stock dividend of $0.50 per depositary share.
Each Class G depositary share is equal to one-tenth of a share of
Developers Diversified's 8.00% Class G Cumulative Redeemable
Preferred Stock. The declared Preferred Class G dividend covers the
period beginning December 15, 2009 and ending March 14, 2010. The
declared Preferred Class G Dividend is payable on March 15, 2010 to
shareholders of record at the close of business on March 1, 2010.
About Developers Diversified Developers Diversified owns and
manages approximately 665 retail operating and development
properties in 44 states, Brazil, Canada and Puerto Rico. Totaling
more than 147 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 http://www.ddr.com/. DATASOURCE: Developers
Diversified Realty Corporation CONTACT: Kate Deck, Investor
Relations Director, Developers Diversified, +1-216-755-5500, Web
Site: http://www.ddr.com/
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