NEW YORK, March 12 /PRNewswire/ -- SL Green Realty Corp. (NYSE: SLG) today
reported that its Board of Directors has declared a dividend distribution of
$0.35 per common share for the quarter ended March 31, 1999. The dividend is
payable April 15, 1999 to shareholders of record on the close of business on
March 31, 1999.
This distribution reflects the regular quarterly dividend and is
equivalent to an annualized distribution of $1.40 per share. Based on
Thursday's closing price, the common share annualized dividend yield is 7.70%.
SL Green's Board of Directors also declared a dividend on the Company's
Series A Preferred Stock for the quarter ended March 31, 1999 of $0.50 per
share, payable April 15, 1999 to shareholders of record on March 31, 1999.
This distribution reflects the regular quarterly dividend and represents
an annualized distribution of $2.00 per share.
SL Green Realty is a fully integrated, self-administered and self-managed
real estate investment trust ("REIT") which primarily owns, manages, leases,
acquires and repositions Class B office properties in Manhattan.
SOURCE SL Green Realty Corp.
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CONTACT:
Stephen L. Green, Chief Executive Officer, or
David Nettina, President, 212-594-2700, both of SL Green Realty;
or General, Paula Schwartz or Mike Lawson, or Analyst, Pamela
King, or Media, Judith Sylk-Siegel, all of The Financial
Relations, 212-661-8030
NOTE TO EDITORS: To receive SLG's latest news release and other
corporate documents via FAX - no cost- dial 1-800-PRO-INFO. Use
company's ticker, SLG
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