CLEVELAND, Nov. 1 /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 on
December 15, 2006 to shareholders of record on December 1, 2006. Each
depositary share represents one-tenth of a share of the Company's 8.70%
Class B Series II Cumulative Redeemable Preferred Shares.
Based in Richmond Heights, Ohio, Associated Estates Realty Corporation
is one of the largest multifamily real estate investment trusts (REITs) in
the nation. The Company directly or indirectly owns, manages or is a joint
venture partner in 103 multifamily properties containing a total of 21,348
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:
Kimberly Kanary
Investor Relations and Corporate Communications
216-797-8752
kkanary@aecrealty.com
SOURCE Associated Estates Realty Corporation
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Related links:
http://www.aecrealty.com/
CONTACT:
Kimberly Kanary, Investor Relations and
Corporate Communications of Associated Estates Realty
Corporation, +1-216-797-8752, or kkanary@aecrealty.com
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