CHICAGO, Dec. 18 /PRNewswire-FirstCall/ -- Previously, on December 12,
2002, General Growth Properties, Inc. (NYSE: GGP), announced that it declared
the regular quarterly dividends for both its common and Preferred Income
Equity Redeemable Stock, Series A ("PIERS") Depositary Shares.
The per share dividend amounts of $0.72 on the common shares and $0.4531
for the PIERS, as well as the payment dates of January 15, 2003 for the PIERS
and January 31, 2003 for the common shares were accurately stated, but the
record date for both dividend payments was inadvertently reported to be
January 3, 2003. The correct record date for both dividends is January 6,
2003, and should have been reported as such. General Growth regrets any
inconvenience attributable to this oversight.
General Growth Properties is the country's second largest shopping center
owner, developer and manager of regional shopping malls. General Growth
currently has ownership interests in, or management responsibility for, a
portfolio of 169 regional shopping malls in 41 states. The company portfolio
totals approximately 145 million 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 and
its portfolio of malls, please visit the company web site at
http://www.generalgrowth.com .
SOURCE General Growth Properties, Inc.
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CONTACT:
Beth Coronelli of General Growth Properties,
Inc., +1-312-960-2750
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