BEACHWOOD, Ohio, Sept. 5, 2017 /PRNewswire/ -- DDR Corp.
(NYSE: DDR) declared its third quarter 2017 Preferred Class J stock
dividend of $0.406250 per depositary
share, Preferred Class K stock dividend of $0.39063 per depositary share and Preferred Class
A stock dividend of $0.39844 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
July 15, 2017, and ending
October 14, 2017. The declared
Preferred Class J Dividend is payable October 16, 2017, to shareholders of record at
the close of business on September 29,
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
July 15, 2017, and ending
October 14, 2017. The declared
Preferred Class K Dividend is payable October 16, 2017, to shareholders of record at
the close of business on September 29,
2017.
Each Class A depositary share is equal to one-twentieth of a
share of DDR's 6.375% Class A Cumulative Redeemable Preferred
Stock. The declared Preferred Class A dividend covers the
period beginning July 15, 2017, and
ending October 14, 2017. The declared
Preferred Class A Dividend is payable October 16, 2017, to shareholders of record at
the close of business on September 29,
2017.
ABOUT DDR CORP.
DDR is an owner and manager of 298
value-oriented shopping centers representing 100 million square
feet in 34 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.
SAFE HARBOR
DDR Corp. considers portions of the
information in this press release to be forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, both as
amended, with respect to the Company's expectation for future
periods. Although the Company believes that the expectations
reflected in such forward-looking statements are based upon
reasonable assumptions, it can give no assurance that its
expectations will be achieved. For this purpose, any statements
contained herein that are not historical fact may be deemed to be
forward-looking statements. There are a number of important factors
that could cause our results to differ materially from those
indicated by such forward-looking statements, including, among
other factors, local conditions such as supply of space or a
reduction in demand for real estate in the area; competition from
other available space; dependence on rental income from real
property; the loss of, significant downsizing of or bankruptcy of a
major tenant; redevelopment and construction activities may not
achieve a desired return on investment; our ability to buy or sell
assets on commercially reasonable terms; our ability to complete
acquisitions or dispositions of assets under contract; our ability
to secure equity or debt financing on commercially acceptable terms
or at all; our ability to enter into definitive agreements with
regard to our financing and joint venture arrangements or our
failure to satisfy conditions to the completion of these
arrangements; the success of our deleveraging strategy; and any
impact or results from the Company's portfolio transition or any
change in strategy. For additional factors that could cause the
results of the Company to differ materially from those indicated in
the forward-looking statements, please refer to the Company's Form
10-K for the year ended December 31,
2016. The Company undertakes no obligation to publicly
revise these forward-looking statements to reflect events or
circumstances that arise after the date hereof.
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SOURCE DDR Corp.