NEW YORK, Sept. 18 /PRNewswire/ -- SL Green Realty Corp. (NYSE: SLG) today
reported that its Board of Directors has declared a dividend distribution of
$0.35 per common share for the quarter ended September 30, 1998. The dividend
is payable October 15, 1998 to shareholders of record on the close of business
on September 30, 1998.
This distribution reflects the regular quarterly dividend and is
equivalent to an annualized distribution of $1.40 per share. Based on
Tuesday's closing price, the common share annualized dividend yield is 7.75%.
SL Green's Board of Directors also declared a dividend on the Company's
Series A Preferred Stock for the quarter ended September 30, 1998 of $0.50 per
share, payable October 15, 1998 to shareholders of record on September 30,
1998.
This distribution reflects the regular quarterly dividend and represents
an annualized distribution of $2.00 per share.
SL Green Realty is a fully integrated, self-administered and self-managed
real estate investment trust ("REIT") which primarily owns, manages, leases,
acquires and repositions Class B office properties in Manhattan.
SOURCE SL Green Realty Corp.
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CONTACT:
Stephen L. Green, Chief Executive Officer, or
David Nettina, President, both of SL Green Realty Corp.,
212-594-2700; General Info., Paula Schwartz or Mike Lawson,
Analyst Info., Pamela King, or Media Info., Judith Sylk-Siegel,
212-661-8030, all of The Financial Relations Board
NOTE TO EDITORS: To receive SLG's latest news release and other
corporate documents via FAX - no cost- dial 1-800-PRO-INFO. Use
company's ticker, SLG.
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