Post Properties Announces Annual Meeting Date and Quarterly Dividends
10 Febbraio 2009 - 7:56PM
Business Wire
Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate
investment trust, today announced that its 2009 Annual Meeting of
Shareholders will be held on June 9, 2009 in Atlanta, Georgia. The
record date for determining shareholders entitled to notice of and
to vote at the Annual Meeting is April 15, 2009.
Post also today announced quarterly dividends on its common
stock of $0.20 per share for the first quarter of 2009. The
Company�s annual dividend rate is $0.80 per common share. The
dividend is payable on April 15, 2009 to all common stock
shareholders of record as of March 31, 2009.
Post also announced regular quarterly dividends for its 8.5
percent Series A Cumulative Redeemable Preferred Stock and its 7
5/8 percent Series B Cumulative Redeemable Preferred Stock.
On its 8.5 percent Series A Cumulative Redeemable Preferred
Stock, Post declared a regular quarterly dividend of $1.0625 per
share for the first quarter. The dividend is payable on March 31,
2009 to all Series A preferred stock shareholders of record as of
March 15, 2009.
On its 7 5/8 percent Series B Cumulative Redeemable Preferred
Stock, Post declared a regular quarterly dividend of $0.47656 per
share for the first quarter. The dividend is payable on March 31,
2009 to all Series B preferred stock shareholders of record as of
March 15, 2009.
About Post Properties
Post Properties, founded more than 37 years ago, is one of the
largest developers and operators of upscale multifamily communities
in the United States. The Company's mission is delivering superior
satisfaction and value to its residents, associates, and investors,
with a vision of being the first choice in quality multifamily
living. Operating as a real estate investment trust ("REIT"), the
Company focuses on developing and managing Post� branded
resort-style garden and high density urban apartments. In addition,
the Company develops high-quality condominiums and converts
existing apartments to for-sale multifamily communities. Post
Properties is headquartered in Atlanta, Georgia, and has operations
in ten markets across the country.
Post Properties owns 21,189 apartment homes in 58 communities,
including 1,747 apartment units in five communities held in
unconsolidated entities and 1,736 apartment units in five
communities currently under construction and/or in lease-up. The
Company is also developing and selling 361 for-sale condominium
homes in three communities (including 129 units in one community
held in an unconsolidated entity) and is converting apartment units
in two communities initially consisting of 349 units into for-sale
condominium homes through a taxable REIT subsidiary.
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