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General Growth Properties Declares Dividend on Common and Depositary Shares

   GENERAL GROWTH PROPERTIES LOGO
General Growth Properties logo. (PR NewsFoto)[AS]
CHICAGO, IL USA
    CHICAGO, June 19 /PRNewswire/ -- General Growth Properties, Inc.
(NYSE: GGP) today declared its second quarter 2001 dividend of
$0.53 per share, payable to common stock shareholders of record on July 6,
2001, with payment on July 31, 2001.  The current dividend represents an
increase of 3.9% over the second quarter 2000 dividend of $0.51 per share.
Also declared today was the Preferred Income Equity Redeemable Stock, Series A
("PIERS") Depositary Shares dividend for the second quarter of 2001, in the
amount of $0.4531 per share, payable to preferred stock (depositary shares)
shareholders of record on July 6, 2001, with payment on July 16, 2001.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19990208/CGM015 )

    General Growth Properties, Inc. is one of the oldest and most experienced
shopping center owners, developers and managers in the United States.  The
company currently has ownership interests in, or management responsibilities
for, 147 malls in 39 states, encompassing approximately 126 million square
feet.  For more information, visit the General Growth Properties website at
http://www.generalgrowth.com .



SOURCE General Growth Properties, Inc.




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Related links:
  • http://www.generalgrowth.com
    Photo Notes:
    NewsCom: 
    http://www.newscom.com/cgi-bin/prnh/19990208/CGM015
    AP Archive: http://photoarchive.ap.org
    PRN Photo Desk, 888-776-6555 or 201-369-3467
    CONTACT:
    Beth Coronelli of General Growth Properties,
    312-960-2750