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American Land Lease, Inc. Declares Dividend on Preferred Stock

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  Published in Business and Finance on Thursday, February 5th 2009 at 11:24 GMT, Last Modified on 2009-02-05 11:24:52 by Market Wire
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CLEARWATER, Fla.--([ BUSINESS WIRE ])--American Land Lease, Inc. (NYSE:ANL) today announced that its Board of Directors declared a dividend on shares of its Preferred Stock.

The dividend on shares of its Preferred Stock is payable on February 27, 2009 to shareholders of record on February 16, 2009 and will be $0.4844 per share.

The Company's dividends are considered quarterly and are subject to change, suspension or elimination at any time.

About ANL

American Land Lease, Inc. is a Clearwater, Florida-based real estate investment trust that owns, develops and manages residential land lease communities primarily serving active adults. With over 10,000 home sites in 30 communities located in Florida, Arizona and Alabama, ANL is committed to providing affordable, free-spirited retirement living for active adults. For more information, visit [ www.americanlandlease.com ].