NORTHBROOK, Ill., May 18 /PRNewswire/ -- Bradley Real Estate, Inc.
(NYSE: BTR) announced today that in accordance with the terms of its
previously announced merger agreement with Heritage Property Investment Trust,
Inc., Bradley is terminating its Dividend Reinvestment and Stock Purchase
Plan, (the "Plan") effective immediately. As a result, all participants will
receive a cash payment of the previously announced dividends payable June 30,
2000 to shareowners of record as of June 12, 2000. Shareowners who have
questions regarding the Plan termination should contact the Company's Plan
Agent, EquiServe, at 888-697-7873, or the Company's Investor Relations'
department at 847-272-9800.
Bradley Real Estate is the nation's oldest real estate investment trust
and a leading owner and operator of neighborhood and community shopping
centers located in the Midwest region of the United States. The company owns
96 shopping centers located in 15 states aggregating 15 million square feet of
rentable space. The Company has paid 155 consecutive quarterly dividends to
its shareowners.
To receive additional information on Bradley Real Estate free of charge
via fax, dial 1-800-PRO-INFO and enter "BTR" or visit the company's website at
http://www.bradleyrealestate.com .
SOURCE Bradley Real Estate, Inc.
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Related links:
http://www.bradleyrealestate.com
CONTACT:
Diane Rohlin of The Financial Relations
Board, 312-640-6748
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