CBL & Associates Properties Has 4.5 Percent Increase In Common Dividend Distribution

Announcement Marks Third Consecutive Year Of Common Dividend Increase

Tuesday, February 26, 2013

CBL & Associates Properties, Inc. Tuesday announced that its Board of Directors has declared a 4.5 percent increase in the quarterly cash dividend for the company’s common stock to $0.23 per share for the quarter ending March 31. The dividend is payable on April 16, to shareholders of record as of April 1.

The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ending March 31, for the company's 7.375 percent Series D Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.84375 per depositary share, is payable on April 1 to shareholders of record as of March 13.

The Board also declared a quarterly cash dividend of $0.4140625 per depositary share for the quarter ending March 31 for the company's 6.625 percent Series E Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.65625, is payable on April 1 to shareholders of record as of March 13.


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