BIRMINGHAM, Ala., May 31 /PRNewswire-FirstCall/ -- Colonial Properties
Trust (NYSE: CLP), announced that its Board of Trustees declared second
quarter 2005 dividends for the Company's preferred shares.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030709/CLPLOGO-c )
The Series C Cumulative Redeemable Preferred Shares dividend of $0.5781
per preferred share will be paid on June 30, 2005 to shareholders of record on
June 15, 2005, representing an ex-dividend date of June 13, 2005. The dividend
on the Company's 9.25% Series C Preferred Shares represents an annualized
dividend of $2.3125 per share.
The Series D Depositary Shares, each representing 1/10 of a Share of
Series D Cumulative Redeemable Preferred Shares, dividend of $0.5078 per
preferred depositary share will be paid on August 1, 2005 to shareholders of
record on July 15, 2005, representing an ex-dividend date of July 13, 2005.
The dividend on the Company's 8.125% Series D Preferred Shares represents an
annualized dividend of $2.03125 per share.
The Series E Depositary Shares, each representing 1/100 of a Share of
Series E Cumulative Redeemable Preferred Shares, dividend of $0.777875 per
preferred depositary share will be paid on June 30, 2005 to shareholders of
record on June 15, 2005, representing an ex-dividend date of June 13, 2005.
The second quarter dividend includes $0.301625 per depositary share,
representing the accrual of the dividend from February 4 through March 31,
2005. The dividend on the Company's 7.62% Series E Preferred Depositary Shares
represents an annualized dividend of $1.905 per share.
Colonial Properties Trust is a diversified REIT that, through its
subsidiaries, owns a portfolio of multifamily, office and retail properties
where you live, work and shop in Alabama, Florida, Georgia, Mississippi, North
Carolina, South Carolina, Virginia, Tennessee, Texas, Arizona, Nevada and New
Mexico. Colonial Properties Trust performs development, acquisition,
management, leasing and brokerage services for its portfolio and properties
owned by third parties. The Company has a total market capitalization of
approximately $5 billion. The foundation of Colonial Properties' success is
its live, work and shop diversified investment strategy. As of April 1, 2005
the Company owned or managed 49,300 apartment units, 7.2 million square feet
of office space and 15.8 million square feet of retail shopping space.
Additional information on Colonial Properties Trust is available on the
Internet at http://www.colonialprop.com . The Company, headquartered in Birmingham,
Ala., is listed on the New York Stock Exchange under the symbol "CLP" and is
included in the S&P SmallCap 600 Index.
SOURCE Colonial Properties Trust
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Related links:
http://www.colonialprop.com
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CONTACT:
Barbara M. Pooley, SVP - Investor Relations
of Colonial Properties Trust, +1-704-376-1774
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