CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE: CBL) today announced that its
Board of Directors has declared a quarterly cash dividend for the
Company’s Common Stock of $0.245 per share for the quarter ending June
30, 2014. The dividend is payable on July 15, 2014, to shareholders of
record as of June 30, 2014.
The Board also declared a quarterly cash dividend of $0.4609375 per
depositary share for the quarter ending June 30, 2014, for the Company's
7.375% Series D Cumulative Redeemable Preferred Stock. The dividend,
which equates to an annual dividend payment of $1.84375 per depositary
share, is payable on June 30, 2014, to shareholders of record as of June
13, 2014.
The Board also declared a quarterly cash dividend of $0.4140625 per
depositary share for the quarter ending June 30, 2014, for the Company's
6.625% Series E Cumulative Redeemable Preferred Stock. The dividend,
which equates to an annual dividend payment of $1.65625 per depositary
share, is payable on June 30, 2014, to shareholders of record as of June
13, 2014.
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 150 properties, including 90 regional malls/open-air centers.
The properties are located in 30 states and total 86.9 million square
feet including 6.3 million square feet of non-owned shopping centers
managed for third parties. Headquartered in Chattanooga, TN, CBL has
regional offices in Boston (Waltham), MA, Dallas (Irving), 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.
CBL & Associates Properties, Inc.
Katie Reinsmidt, 423-490-8301
Senior
Vice President - Investor Relations/Corporate Investments
katie_reinsmidt@cblproperties.com
Source: CBL & Associates Properties, Inc.