BIRMINGHAM, Ala., March 1 /PRNewswire-FirstCall/ -- Colonial Properties
Trust (NYSE: CLP), announced that its Board of Trustees declared first quarter
2005 dividends for the Company's preferred shares.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030709/CLPLOGO-c )
The Series C Cumulative Redeemable Preferred Shares dividend of $0.5781
per preferred share will be paid on March 31, 2005 to shareholders of record
on March 15, 2005, representing an ex-dividend date of March 11, 2005. The
dividend on the Company's 9.25% Series C Preferred Shares represents an
annualized dividend of $2.3125 per share.
The Series D Depositary Shares, each representing 1/10 of a Share of
Series D Cumulative Redeemable Preferred Shares, dividend of $0.5078 per
preferred depositary share will be paid on April 29, 2005 to shareholders of
record on April 15, 2005, representing an ex-dividend date of April 13, 2005.
The dividend on the Company's 8.125% Series D Preferred Shares represents an
annualized dividend of $2.03125 per share.
Colonial Properties Trust is a diversified REIT that, through its
subsidiaries, owns a portfolio of multifamily, office and retail properties
where you live, work and shop in Alabama, Florida, Georgia, Mississippi, North
Carolina, South Carolina, Tennessee, Texas and Virginia. Colonial Properties
Trust performs development, acquisition, management, leasing and brokerage
services for its portfolio and properties owned by third parties. Colonial
Properties Trust has a total market capitalization in excess of $3.5 billion.
The foundation of Colonial Properties' success is its live, work and shop
diversified investment strategy. The Company manages or leases 28,975
apartment units, 7.2 million square feet of office space and 16.0 million
square feet of retail shopping space. Additional information on Colonial
Properties Trust is available on the Internet at http://www.colonialprop.com . The
Company, headquartered in Birmingham, Ala., is listed on the New York Stock
Exchange under the symbol "CLP" and is included in the S&P SmallCap 600 Index.
SOURCE Colonial Properties Trust
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Related links:
http://www.colonialprop.com
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CONTACT:
Barbara M. Pooley, Senior Vice President -
Investor Relations of Colonial Properties Trust, +1-704-376-1774
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