SAN DIEGO, June 1 /PRNewswire/ -- Burnham Pacific Properties, Inc.
(NYSE: BPP) today announced it will pay a regular second quarter dividend of
$0.2625 per share. The dividend will be payable June 30, 2000 to shareholders
of record on June 20, 2000 and represents the 137th consecutive dividend paid
by the Company.
In addition, to give interested parties sufficient time to review due
diligence materials and submit final transaction proposals in connection with
the Company's exploration of its strategic alternatives, the Company has
rescheduled the date for its annual meeting of stockholders to October 18,
2000.
Burnham Pacific is a real estate investment trust (REIT) that focuses on
value-added retail real estate opportunities throughout the United States. On
a quarterly basis, Burnham Pacific makes available supplemental information
that includes property and corporate level detail which is available upon
request. More information on Burnham Pacific may be obtained by calling
800.462.5181, or visiting the Company's web site at http://www.burnhampacific.com.
This news release contains forward-looking statements that predict or
indicate future events or trends or that do not relate to historical matters.
We cannot assure the future events or outcomes of the matters described in
these statements; rather, these statements merely reflect our current
expectations of the approximate outcome of the matter discussed. Investors
should read the documents the Company files from time to time with the SEC,
including the risk factors that were disclosed in our Form 10-K that was filed
with the SEC on March 30, 2000. You should be aware that the risk factors
contained in that Form 10-K may not be exhaustive. Therefore, we recommend
that you read the information in that Form 10-K together with other reports
and documents that we file with the SEC from time to time, including our Forms
10-K, 10-Q and 8-K which may supplement, modify, supersede or update those
risk factors.
SOURCE Burnham Pacific Properties, Inc.
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Related links:
http://www.burnhampacific.com
CONTACT:
Daniel B. Platt, Chief Financial Officer of
Burnham Pacific Properties, Inc., 619-652-4700, fax,
619-652-4711, dbplatt@bpac.com
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