CLEVELAND, Aug. 8 /PRNewswire-FirstCall/ -- Associated Estates Realty
Corporation announced today that a quarterly dividend of $0.54375 per
one-tenth depositary share has been declared on the Company's 8.70% Class B
Series II Cumulative Redeemable Preferred Shares (NYSE: AECPRB), payable
September 14, 2007 to shareholders of record on August 31, 2007. Each
depositary share represents one-tenth of a share of the Company's 8.70%
Class B Series II Cumulative Redeemable Preferred Shares.
Associated Estates Realty Corporation is a real estate investment trust
("REIT") and is a member of the Russell 2000. The Company, headquartered in
Richmond Heights, Ohio, directly or indirectly owns, manages or is a joint
venture partner in 99 properties containing a total of 19,969 units located
in 10 states. For more information about the Company, please visit its
website at http://www.aecrealty.com.
For more information, please contact:
Michael Lawson
Vice President of Investor Relations and Corporate Communications
216-797-8798
mlawson@aecrealty.com
SOURCE Associated Estates Realty Corporation
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Related links:
http://www.aecrealty.com
CONTACT:
Michael Lawson, Vice President of Investor
Relations and Corporate Communications of Associated Estates
Realty Corporation, +1-216-797-8798, mlawson@aecrealty.com
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