« Freddie Mac Extends Mortgage Relief to Borrowers Affected by Hurricane Gustav
CtW Investment Group Believes Longs RE Undervalued - Calls for Greater Disclosure »

Taubman Centers Declares Common and Preferred Dividends

BLOOMFIELD HILLS, Mich., Sept. 3 /PRNewswire-FirstCall/ — The Board of
Directors of Taubman Centers, Inc. (NYSE: TCO) today declared a regular
quarterly dividend of $0.415 per share of common stock. The common dividend
is payable October 20, 2008 to shareholders of record on September 30,
2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080428/CLM116LOGO )

The Board of Directors also declared a quarterly dividend of $0.50 on
its Series G Cumulative Preferred Shares (NYSE: TCOPrG), and a quarterly
dividend of $0.4765625 on its Series H Cumulative Preferred Shares (NYSE:
TCOPrH). The preferred dividends will be payable on September 30, 2008 to
shareholders of record on September 19, 2008.

Taubman Centers is a real estate investment trust engaged in the
development and management of regional and super regional shopping centers.
Taubman’s 24 U.S. owned and/or managed properties, the most productive in
the industry, serve major markets from coast to coast. The company’s
Taubman Asia subsidiary is developing retail projects in Macao, China and
Incheon, South Korea. Taubman Centers is headquartered in Bloomfield Hills,
Michigan. For more information about Taubman, visit http://www.taubman.com .

For ease of use, references in this press release to “Taubman Centers”
or “Taubman” mean Taubman Centers, Inc. 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.

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. Actual results may differ materially from those
expected because of various risks and uncertainties, including, but not
limited to changes in general economic and real estate conditions, changes
in the interest rate environment and the availability of financing, and
adverse changes in the retail industry. Other risks and uncertainties are
discussed in the company’s filings with the Securities and Exchange
Commission including its most recent Annual Report on Form 10-K.



See Also:

[Via Real Estate Newswire]

This entry was posted on Wednesday, September 3rd, 2008 at 11:50 am and is filed under Other. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

Comments are closed.