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| Camden Property Trust Announces 1999 Second Quarter Dividends on Common and Preferred Shares |
HOUSTON, June 15 /PRNewswire/ -- The Board of Trust Managers of Camden Property Trust (NYSE: CPT) today declared a $0.52 per share dividend on its Common Shares of Beneficial Interest for the second quarter of 1999. The dividend is payable on July 16, 1999 to all common shareholders of record as of June 30, 1999. The Board also declared a second quarter dividend of $0.5625 per share for its Series A Cumulative Convertible Preferred Shares. The preferred dividend is payable on August 15, 1999 to all Series A preferred shareholders of record as of June 30, 1999. Camden Property Trust is a real estate company engaged in the ownership, development, acquisition, marketing, management, and disposition of multifamily apartment communities. Camden owns interests in and operates 149 properties containing 51,490 apartment homes in the Sunbelt and Midwestern markets from Florida to California. Upon completion of 11 properties under development, the Company's portfolio will increase to 56,190 apartment homes in 160 properties. For more information, please contact Richard J. Campo or D. Keith Oden at 1-800-9Camden, or 713-354-2500, or access Camden's web site at http://www.camdenprop.com.SOURCE Camden Property Trust
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CONTACT:
Richard J. Campo, or D. Keith Oden, both of
Camden Property Trust, 800-9Camden, or 713-354-2500
