Developers Diversified Declares Fourth Quarter 2009 Class G Preferred Share Dividend
November 20 2009 - 8:30AM
PR Newswire (US)
CLEVELAND, Nov. 20 /PRNewswire-FirstCall/ -- Developers Diversified
Realty Corporation (NYSE:DDR) declared its fourth quarter 2009
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 September 15, 2009 and ending December 14, 2009.
The declared Preferred Class G Dividend is payable on December 15,
2009 to shareholders of record at the close of business on December
1, 2009. 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 of
Developers Diversified, +1-216-755-5500, Web Site:
http://www.ddr.com/
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