BIRMINGHAM, Ala., Sept. 2 /PRNewswire/ -- Colonial Properties Trust
(NYSE: CLP), announced that its Board of Trustees declared third quarter 2003
dividends for the Company's preferred shares.
The Series C Cumulative Redeemable Preferred Shares dividend of $0.5781
per preferred share will be paid on September 30, 2003 to shareholders of
record on September 15, 2003, representing an ex-dividend date of September
11, 2003. 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 October 31, 2003 to shareholders of
record on October 15, 2003, representing an ex-dividend date of October 13,
2003. The dividend on the Company's 8.125% Series D Preferred Shares
represents an annualized dividend of $2.03125 per share.
Colonial Properties Trust is a diversified REIT that, through its
subsidiaries, owns a portfolio of 106 multifamily, office and retail
properties where you live, work and shop in Alabama, Florida, Georgia,
Mississippi, North Carolina, South Carolina, Tennessee, Texas and Virginia.
Colonial Properties Trust performs development, acquisition, management,
leasing and brokerage services for its portfolio and properties owned by third
parties. Colonial Properties Trust is one of the largest diversified REITs in
the United States with a total market capitalization of $2.8 billion. The
cornerstone of Colonial Properties' success is its live, work and shop
diversified investment strategy. The Company operates more than 14,500
apartment units, 5.2 million square feet of office space and 15.3 million
square feet of retail shopping space including 17 malls and 27 non-mall
properties. 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
CONTACT:
Sandra Lee Robertson, Senior Vice President -
Finance of Colonial Properties Trust, +1-205-250-8788
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