CLEVELAND, May 2 /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
June 15, 2007 to shareholders of record on June 1, 2007. Each depositary
share represents one-tenth of a share of the Company's 8.70% Class B Series
II Cumulative Redeemable Preferred Shares.
Associated Estates Realty Corporation is a real estate investment trust
("REIT"), headquartered in Richmond Heights, Ohio, a suburb of Cleveland.
The Company directly or indirectly owns, manages or is a joint venture
partner in 99 multifamily properties containing a total of 20,650 units
located in nine 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
216-797-8798
mlawson@aecrealty.com
Kimberly Kanary
Manager of Corporate Communications
216-797-8752
kkanary@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, +1-216-797-8798, mlawson@aecrealty.com, or Kimberly
Kanary, Manager of Corporate Communications, +1-216-797-8752,
kkanary@aecrealty.com , both of Associated Estates Realty
Corporation
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