CHICAGO, Dec. 10 /PRNewswire/ -- General Growth Properties, Inc.
(NYSE: GGP) today declared a dividend of $0.65 per share, payable to common
stock shareholders of record on January 14, 2002, with payment on January 31,
2002. The current dividend represents an increase of 23% over the dividend
declared in fourth quarter 2000 of $0.53 per share. Also declared today was
the Preferred Income Equity Redeemable Stock, Series A ("PIERS") Depositary
Shares dividend, in the amount of $0.4531 per share, payable to preferred
stock (depositary shares) shareholders of record on January 4, 2002, with
payment on January 15, 2002.
General Growth Properties is one of the nation's largest shopping center
owners, managers and developers. General Growth currently has ownership
interest in, or management responsibility for, a portfolio of 141 regional
shopping malls in 39 states. The company portfolio totals approximately
125,000,000 square feet of retail space and includes over 15,000 retailers
nationwide. A publicly traded Real Estate Investment Trust (REIT), General
Growth Properties is listed on the New York Stock Exchange under the symbol
GGP. For more information on General Growth Properties, visit the company web
site at http://www.generalgrowth.com .
SOURCE General Growth Properties, Inc.
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http://www.generalgrowth.com
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CONTACT:
Beth Coronelli of General Growth Properties,
Inc., +1-312-960-2750
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