CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE: CBL) today announced that in
order to allow more time for stockholders to submit votes, the Company
has decided to convene the special meeting to be held at 4:00 p.m. EDT
on September 21, 2009, but then adjourn it until 4:00 p.m. EDT on
October 7, 2009.
The Company has distributed amended proxy materials and proxy cards to
reflect a reduction in the amount of the increase in the number of
shares of authorized common stock being sought at the special meeting of
stockholders on September 21, 2009. The revised proposal would increase
the total number of authorized shares of the Company's Common Stock, par
value $0.01 per share, from 180 million to 350 million shares.
About CBL & Associates Properties, Inc.
CBL is one of the largest and most active owners and developers of malls
and shopping centers in the United States. CBL owns, holds interests in
or manages 161 properties, including 89 regional malls/open-air centers.
The properties are located in 27 states and total 86.8 million square
feet including 2.7 million square feet of non-owned shopping centers
managed for third parties. CBL currently has four projects under
construction totaling 2.3 million square feet including Settlers Ridge
in Pittsburgh, PA; The Pavilion at Port Orange in Port Orange, FL; The
Promenade in D'Iberville (Biloxi/Gulfport), MS; and one community
center. Headquartered in Chattanooga, TN, CBL has regional offices in
Boston (Waltham), MA, Dallas, TX, and St. Louis, MO. Additional
information can be found at cblproperties.com.
Information included herein contains "forward-looking statements"
within the meaning of the federal securities laws. Such
statements are inherently subject to risks and uncertainties, many of
which cannot be predicted with accuracy and some of which might not even
be anticipated. Future events and actual events, financial and
otherwise, may differ materially from the events and results discussed
in the forward-looking statements. The reader is directed to the
Company's various filings with the Securities and Exchange Commission,
including without limitation the Company's Annual Report on Form 10-K
and the "Management's Discussion and Analysis of Financial Condition and
Results of Operations" incorporated by reference therein, for a
discussion of such risks and uncertainties.
Source: CBL & Associates Properties, Inc.
Contact: CBL & Associates Properties, Inc.
Katie Reinsmidt, 423-490-8301
Vice President- Corporate Communications and Investor Relations
katie_reinsmidt@cblproperties.com