NEW YORK, Dec. 11 /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 December 31,
1998. The dividend is payable January 15, 1999 to shareholders of record on
the close of business on December 31, 1998.
This distribution reflects the regular quarterly dividend and is
equivalent to an annualized distribution of $1.40 per share. Based on
Thursday's closing price, the common share annualized dividend yield is 7.00%.
SL Green's Board of Directors also declared a dividend on the Company's
Series A Preferred Stock for the quarter ended December 31, 1998 of $0.50 per
share, payable January 15, 1999 to shareholders of record on December 31,
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, 212-594-2700; or
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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