CLEVELAND, May 7 /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: AEC), payable on
June 13, 2008 to shareholders of record on May 30, 2008. 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 (AEC) is a real estate investment
trust ("REIT") and is a member of the Russell 2000. The Company is
headquartered in Richmond Heights, Ohio. AEC's portfolio consists of 54
properties containing 13,396 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
SOURCE Associated Estates Realty Corporation
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Related links:
http://www.aecrealty.com
CONTACT:
Michael Lawson, Vice President of Investor
Relations of Associated Estates Realty Corporation,
+1-216-797-8798, mlawson@aecrealty.com
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