BIRMINGHAM, Ala., Sept. 3 /PRNewswire-FirstCall/ -- Colonial Properties
Trust (NYSE: CLP) announced that the ex-dividend date for the Series D
Depositary Shares, each representing 1/10 of a Share of Series D Cumulative
Redeemable Preferred Shares, will be Friday, October 10, 2003 due to the
holiday observed by the New York Stock Exchange on Monday, October 13, 2003.
As previously announced, the Series D dividend of $0.5078 per preferred
depositary share will be paid on October 31, 2003 to shareholders of record on
October 15, 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 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. The
cornerstone of Colonial Properties' success is its live, work and shop
diversified investment strategy. The Company manages or leases 19,500
apartment units, 6.5 million square feet of office space and 15.6 million
square feet of retail shopping space. In 2003, the National Association of
Industrial and Office Properties (NAIOP) named Colonial Properties Trust
"National Developer of the Year". 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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