ESCONDIDO, Calif., June 15 /PRNewswire/ -- Realty Income Corporation
(Realty Income), "The Monthly Dividend Company" (NYSE: OPrB) today announced
that its Board of Directors declared a dividend of $0.22786 per share on its
Class B Preferred Stock, payable on June 30, 1999 to shareholders of record as
of June 15, 1999. The dividend payment covers the period from May 25, 1999
through June 30, 1999 and represents an annualized rate of $2.34 per share.
The Company's policy will be to declare Class B Preferred Stock dividends on a
quarterly basis.
Realty Income is a New York Stock Exchange real estate company dedicated
to providing shareholders with a dependable source of income. Dividends are
supported by the cash flows from over 1,027 retail properties owned under
long-term lease agreements with leading regional and national retail chains.
The Company is an active buyer of net-leased retail properties nationwide.
SOURCE Realty Income Corporation
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Related links:
http://www.realtyincome.com
CONTACT:
Tere Miller, Vice President, Corporate
Communications of Realty Income Corporation, 760-741-2111 ext.
177
NOTE TO EDITORS: Realty Income press releases are available at no
charge by calling our toll-free investor hotline number:
888-811-2001, or by accessing the Company's website at
http://www.realtyincome.com.
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