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November 20, 2008
  
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CBL & Associates Has 54-Cent Quarterly Cash Dividend
posted September 5, 2008

CBL & Associates Properties, Inc. (NYSE: CBL) today announced that its board of directors has declared a regular quarterly cash dividend for the Company’s Common Stock of $0.545 per share for the quarter ending Sept. 30.

The dividend is payable on Oct. 15 to shareholders of record as of Sept. 30.

The quarterly cash dividend equates to an annual dividend of $2.18 per share.

The board declared a quarterly cash dividend of $0.484375 per depositary share for the quarter ending Sept. 30 for the company’s 7.75% Series C Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.9375 per depositary share, is payable on Sept. 30 to shareholders of record as of Sept. 16, 2008.

The board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ending Sept. 30 for the company’s 7.375% Series D Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.84375 per depositary share, is payable on Sept. 30 to shareholders of record as of Sept. 16.



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