CHICAGO, March 14 /PRNewswire-FirstCall/ -- General Growth Properties,
Inc. (NYSE: GGP) today declared a dividend of $0.72 per share, payable to
common stock shareholders of record on April 3, 2003, with payment on April
30, 2003. The current dividend represents an increase of approximately 11%
over the dividend declared in first quarter 2002 of $0.65 per share. Also
declared today was the Preferred Income Equity Redeemable Stock, Series A
("PIERS") Depositary Shares dividend, in the amount of $0.4531 per share,
payable to preferred stock (depositary shares) shareholders of record on April
3, 2003, with payment on April 15, 2003.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990208/CGM015 )
General Growth Properties is the country's second largest shopping center
owner, developer and manager of regional shopping malls. General Growth
currently has ownership interests in, or management responsibility for, a
portfolio of 160 regional shopping malls in 39 states. The company portfolio
totals approximately 140 million square feet of retail space and includes over
16,000 retailers nationwide. A publicly traded Real Estate Investment Trust
(REIT), General Growth Properties is listed on the New York Stock Exchange
under the symbol GGP. For more information on General Growth Properties and
its portfolio of malls, please visit the company web site
at http://www.generalgrowth.com .
SOURCE General Growth Properties, Inc.
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Related links:
http://www.generalgrowth.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/19990208/CGM015
PR Newswire Photo Desk, +1-888-776-6555 or +1-212-782-2840
Company News On-Call:
http://www.prnewswire.com/comp/110740.html
CONTACT:
Beth Coronelli of General Growth Properties,
Inc., +1-312-960-2750
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