BOSTON, Dec. 17 /PRNewswire/ -- Boston Properties, Inc. (NYSE: BXP), a
real estate investment trust, today declared a dividend of $0.45 per share of
common stock for the period October 1, 1999 to December 31, 1999, payable on
January 28, 2000 to shareholders of record on December 30, 1999.
Boston Properties also declared a dividend of $0.70086 per share of Series
A Convertible Redeemable Preferred Stock. The dividend is payable on February
15, 2000 to shareholders of record on December 30, 1999.
Boston Properties has instituted a Dividend Reinvestment and Stock
Purchase Plan ("Plan"). Shares to be purchased by Plan participants will
either be shares newly issued by Boston Properties or shares purchased by the
Plan's independent administrator from third parties. Boston Properties will
make available information regarding which method will be used this quarter to
obtain common stock for the Plan not later than Monday, December 20, 1999.
All Plan participants may access current information regarding the source of
the common stock by calling to listen to the pre-recorded message at
617-236-3680, and full details of the Plan are contained in the Plan
prospectus.
Boston Properties is a fully integrated, self-administered and
self-managed real estate investment trust that develops, redevelops, acquires,
manages, operates and owns a diverse portfolio of Class A office, industrial
and hotel properties. The Company is one of the largest owners and developers
of Class A office properties in the United States, concentrated in the
Northeast Corridor from Virginia to Greater Boston and in Greater San
Francisco.
To receive Boston Properties' latest news and corporate developments via
fax at no cost, please call 1-800-PRO-INFO; use company code BXP. Visit the
Company's web site at http://www.bostonproperties.com. Also see
http://www.frbinc.com.
SOURCE Boston Properties, Inc.
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Related links:
http://www.bostonproperties.com
CONTACT:
Elaine Quinlan, Investor Relations of Boston
Properties, Inc., 617-236-3300; General Info., Marianne Stewart,
212-661-8030, Analysts, Claire Koeneman, 312-266-7800, or Media,
Judith Sylk-Siegel, 212-661-8030, all of The Financial Relations
Board
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