CLEVELAND, Jan. 25 /PRNewswire-FirstCall/ -- Associated Estates Realty
Corporation announced today that a quarterly dividend of $0.54375 per one-
tenth depositary share has been declared on the Company's 8.70% Class B Series
II Cumulative Redeemable Preferred Shares (NYSE: AECPRB), payable on March 15,
2006 to shareholders of record on March 1, 2006. Each depositary share
represents one-tenth of a share of the Company's 8.70% Class B Series II
Cumulative Redeemable Preferred Shares.
Associated Estates Realty Corporation, one of the largest multifamily
property owners in the United States, is a real estate investment trust
("REIT"), headquartered in Richmond Heights, Ohio, a suburb of Cleveland. The
Company directly or indirectly owns, manages, or is a joint venture partner in
111 multifamily properties containing a total of 23,753 units located in 11
states.
For more information, please contact: Barbara E. Hasenstab, Vice President
of Investor Relations and Corporate Communications, by telephone at
216-797-8798 or e-mail at IR@aecrealty.com. This press release and other
corporate information are available through the Company's web site on the
Internet at http://www.aecrealty.com. AEC's web site is linked to Sharebuilder, an
online service that allows investments in shares of AEC common stock directly
on a recurring basis. For more information, access the Investor Relations
"News" section of http://www.aecrealty.com.
SOURCE Associated Estates Realty Corporation
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Related links:
http://www.aecrealty.com
CONTACT:
Barbara E. Hasenstab, Vice President of
Investor Relations and Corporate Communications of Associated
Estates Realty Corporation, +1-216-797-8798, or IR@aecrealty.com
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