CHICAGO and BOSTON, Nov. 10 /PRNewswire/ -- Equity Office Properties Trust
(NYSE: EOP) and Beacon Properties Corporation (NYSE: BCN) today issued a
statement that modifies their November 7 news release on dividend policies, as
follows:
    "Due to the accelerated timing of the pending merger, Equity Office
Properties Trust and Beacon Properties Corporation have announced their
intention to pay their respective fourth quarter dividends to common
shareholders.
    Each company is expected to pay such dividends on or about December 19,
1997.  Dividends will be paid to shareholders of record as of December 10,
1997.  The common stock of both companies will begin trading ex-dividend
on December 8, 1997.
    Equity Office Properties Trust is the nation's largest publicly traded
office building company.  It owns and operates a portfolio of 114 buildings
representing 39.8 million square feet of office space in 20 states and the
District of Columbia, and owns 16 stand-alone parking facilities.
    Beacon Properties Corporation, with headquarters in Boston, is one of the
nation's largest real estate investment trusts (REITs).  A self-administered
and self-managed REIT, the company owns or has an interest in a portfolio of
office properties located in major metropolitan areas, including Boston,
Atlanta, Chicago, Los Angeles, San Francisco and Washington, D.C.  Beacon's
office portfolio currently totals 126 buildings containing 20.7 million square
feet.
    A Registration Statement relating to the EOP securities to be issued in
the merger will be filed with the Securities and Exchange Commission.  The
securities may not be sold nor may offers to buy be accepted prior to the
time the Registration Statement becomes effective.  This press release
shall not constitute an offer to sell or the solicitation of an offer to
buy nor shall there be any sale of these securities in any state in which
such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state."

Link to this page: