CLEVELAND, Jan. 29 /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 14, 2008 to shareholders of record on February 29, 2008. Each
depositary share represents one-tenth of a share of the Company's 8.70%
Class B Series II Cumulative Redeemable Preferred Shares.
Associates Estates Realty Corporation is a real estate investment trust
("REIT") and is a member of the Russell 2000 Index. The Company,
headquartered in Richmond Heights, Ohio, directly or indirectly owns,
manages or is a joint venture partner in 67 properties containing a total
of 15,066 units located in 9 states. For more information about the
Company, please visit its website at http://www.aecrealty.com.
For more information, please contact:
Michael Lawson
Vice President of Investor Relations and Corporate Communications
216-797-8798
mlawson@aecrealty.com
SOURCE Associated Estates Realty Corporation
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Related links:
http://www.aecrealty.com
CONTACT:
Michael Lawson, Vice President of Investor
Relations and Corporate Communications of Associated Estates
Realty Corporation, +1-216-797-8798, mlawson@aecrealty.com
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