BEACHWOOD, Ohio, March 3, 2017 /PRNewswire/ -- DDR Corp. (NYSE:
DDR) declared its first quarter 2017 Preferred Class J stock
dividend of $0.406250 per depositary
share and Preferred Class K stock dividend of $0.39063 per depositary share.
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
January 15, 2017, and ending
April 14, 2017. The declared
Preferred Class J Dividend is payable April
17, 2017, to shareholders of record at the close of business
on March 31, 2017.
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
January 15, 2017, and ending
April 14, 2017. The declared
Preferred Class K Dividend is payable April
17, 2017, to shareholders of record at the close of business
on March 31, 2017.
About DDR Corp.
DDR is an owner and manager of 319 value-oriented shopping
centers representing 106 million square feet in 35 states and
Puerto Rico. The Company owns a
high-quality portfolio of open-air shopping centers in major
metropolitan areas that provide a highly compelling shopping
experience and merchandise mix for retail partners and consumers.
The Company actively manages its assets with a focus on creating
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.
PRDA
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/ddr-declares-first-quarter-2017-class-j-and-class-k-preferred-share-dividends-300417742.html
SOURCE DDR Corp.