BEACHWOOD, Ohio, June 7, 2016 /PRNewswire/ -- DDR Corp. (NYSE:
DDR) declared its second quarter 2016 Preferred Class J stock
dividend of $0.406250 per depositary
share and Preferred Class K stock dividend of $0.39063 per depositary share.
(Logo: http://photos.prnewswire.com/prnh/20131217/DDRLOGO )
Each Class J depositary share is equal to one-twentieth of a
share of DDR's 6.50% Class J Cumulative Redeemable Preferred Stock.
The declared Preferred Class J dividend covers the period beginning
April 15, 2016 and ending
July 14, 2016. The declared Preferred
Class J Dividend is payable July 15,
2016 to shareholders of record at the close of business on
July 1, 2016.
Each Class K depositary share is equal to one-twentieth of a
share of DDR's 6.25% Class K Cumulative Redeemable Preferred Stock.
The declared Preferred Class K dividend covers the period beginning
April 15, 2016 and ending
July 14, 2016. The declared Preferred
Class K Dividend is payable July 15,
2016 to shareholders of record at the close of business on
July 1, 2016.
About DDR Corp.
DDR is an owner and manager of 352
value-oriented shopping centers representing 113 million square
feet in 37 states and Puerto Rico.
The Company's assets are concentrated in high barrier-to-entry
markets with stable populations and high growth potential and its
portfolio is actively managed to create long-term shareholder
value. DDR is a self-administered and self-managed REIT operating
as a fully integrated real estate company, and is publicly traded
on the New York Stock Exchange under the ticker symbol DDR.
Additional information about the Company is available at
www.ddr.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/ddr-declares-second-quarter-2016-class-j-and-class-k-preferred-share-dividends-300280039.html
SOURCE DDR Corp.