CHICAGO, March 21 /PRNewswire-FirstCall/ -- General Growth Properties,
Inc. (NYSE: GGP) today declared a dividend of $0.65 per share, payable to
common stock shareholders of record on April 15, 2002, with payment on April
30, 2002. The current dividend represents an increase of 22.6% over the
dividend declared in first quarter 2001 of $0.53 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 5, 2002,
with payment on April 15, 2002.
General Growth Properties, Inc. is one of the oldest and most experienced
shopping center owners, developers and managers in the United States. The
company currently has ownership interests in, or management responsibilities
for, 141 malls in 39 states, encompassing approximately 126 million square
feet. For more information, visit the General Growth Properties website at
http://www.generalgrowth.com .
SOURCE General Growth Properties, Inc.
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Related links:
http://www.generalgrowth.com
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Company News On-Call:
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CONTACT:
Beth Coronelli of General Growth Properties,
Inc., +1-312-960-2750
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