Taubman Centers Declares Common and Preferred Dividends
May 29 2015 - 4:05PM
Business Wire
The Board of Directors of Taubman Centers, Inc. (NYSE: TCO)
today declared a regular quarterly dividend of $0.565 per share of
common stock. The common dividend is payable June 30, 2015, to
shareholders of record on June 15, 2015.
The Board of Directors also declared quarterly dividends of
$0.40625 on its 6.5% Series J Cumulative Preferred Shares (NYSE:
TCO PR J) and $0.390625 on its 6.25% Series K Cumulative Preferred
Shares (NYSE: TCO PR K). The preferred dividends will be payable
June 30, 2015, to shareholders of record on June 15, 2015.
About Taubman
Taubman Centers is an S&P MidCap 400 Real Estate Investment
Trust engaged in the ownership, management and/or leasing of 22
regional, super-regional and outlet shopping centers in the U.S.
and Asia. Taubman’s U.S.-owned properties are the most productive
in the publicly held U.S. regional mall industry. Taubman is
currently developing four properties in the U.S. and Asia totaling
4.1 million square feet. Taubman, with more than 60 years of
experience in the shopping center industry, is headquartered in
Bloomfield Hills, Mich., and Taubman Asia is headquartered in
Hong Kong. www.taubman.com.
For ease of use, references in this press release to “Taubman
Centers,” “company,” “Taubman” or an operating platform mean
Taubman Centers, Inc. and/or one or more of a number of separate,
affiliated entities. Business is actually conducted by an
affiliated entity rather than Taubman Centers, Inc. itself or the
named operating platform.
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements reflect management's current views with
respect to future events and financial performance. The
forward-looking statements included in this release are made as of
the date hereof. Except as required by law, we assume no obligation
to update these forward-looking statements, even if new information
becomes available in the future. Actual results may differ
materially from those expected because of various risks and
uncertainties. You should review the company's filings with the
Securities and Exchange Commission, including “Risk Factors” in its
most recent Annual Report on Form 10-K and subsequent quarterly
reports, for a discussion of such risks and uncertainties.
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version on businesswire.com: http://www.businesswire.com/news/home/20150529006063/en/
Barbara Baker, Taubman, Vice President, Corporate Affairs &
Investor Relations, 248-258-7367bbaker@taubman.comorMaria
Mainville, Taubman, Director, Strategic Communications,
248-258-7469, mmainville@taubman.com
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