BEACHWOOD, Ohio, Dec. 5, 2017 /PRNewswire/ -- DDR Corp.
(NYSE: DDR) declared its fourth 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
October 15, 2017, and ending
January 14, 2018. The declared
Preferred Class J Dividend is payable January 16, 2018, to shareholders of record at
the close of business on December 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
October 15, 2017, and ending
January 14, 2018. The declared
Preferred Class K Dividend is payable January 16, 2018, to shareholders of record at
the close of business on December 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 October 15, 2017,
and ending January 14, 2018. The
declared Preferred Class A Dividend is payable January 16, 2018, to shareholders of record at
the close of business on December 29,
2017.
About DDR Corp.
DDR is an owner and manager of 286 value-oriented shopping centers
representing 97 million square feet in 33 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.
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, property damage, expenses related thereto and
other business and economic consequences (including the potential
loss of rental revenues) resulting from extreme weather conditions
in locations where we own properties, and the ability to estimate
accurately the amounts thereof; sufficiency and timing of any
insurance recovery payments related to damages from extreme weather
conditions; 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.