Business & Finance
Business and Finance
Business and Finance
Thu, May 12, 2011
Wed, May 11, 2011 
CHICAGO--([ BUSINESS WIRE ])--The Board of Directors of Equity LifeStyle Properties, Inc. (NYSE:ELS) declared a dividend of $0.375 per share, representing, on an annualized basis, a dividend of $1.50 per common share. The dividend will be paid on July 8, 2011 to shareholders of record on June 24, 2011. The Companya™s Board of Directors also declared a dividend of $0.502125 per share on the Companya™s 8.034% Series A Cumulative Redeemable Perpetual Preferred Stock (NYSE:ELSPrA), representing, on an annualized basis, a dividend of $2.0085 per preferred share. The dividend will be paid on June 30, 2011 to shareholders of record on June 10, 2011.
This press release includes certain aforward-looking statementsa within the meaning of the Private Securities Litigation Reform Act of 1995. When used, words such as aanticipate,a aexpect,a abelieve,a aproject,a aintend,a amay bea and awill bea and similar words or phrases, or the negative thereof, unless the context requires otherwise, are intended to identify forward-looking statements. These forward-looking statements are subject to numerous assumptions, risks and uncertainties, including, but not limited to:
- the Companya™s ability to control costs, real estate market conditions, the actual rate of decline in customers, the actual use of sites by customers and its success in acquiring new customers at its Properties (including those recently acquired);
- the Companya™s ability to maintain historical rental rates and occupancy with respect to Properties currently owned or that the Company may acquire;
- the Companya™s assumptions about rental and home sales markets;
- in the age-qualified Properties, home sales results could be impacted by the ability of potential homebuyers to sell their existing residences as well as by financial, credit and capital markets volatility;
- results from home sales and occupancy will continue to be impacted by local economic conditions, lack of affordable manufactured home financing and competition from alternative housing options including site-built single-family housing;
- impact of government intervention to stabilize site-built single family housing and not manufactured housing;
- the completion of future acquisitions, if any, and timing with respect thereto and the effective integration of any such acquisition;
- ability to obtain financing or refinance existing debt on favorable terms or at all;
- the effect of interest rates;
- the dilutive effects of issuing additional securities;
- the effect of accounting for the entry of contracts with customers representing a right-to-use the Properties under the Codification Topic aRevenue Recognition;a and
- other risks indicated from time to time in the Companya™s filings with the Securities and Exchange Commission.
These forward-looking statements are based on management's present expectations and beliefs about future events. As with any projection or forecast, these statements are inherently susceptible to uncertainty and changes in circumstances. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of such changes, new information, subsequent events or otherwise.
Equity LifeStyle Properties, Inc. owns or has an interest in 307 quality properties in 27 states and British Columbia consisting of 111,006 sites. The Company is a self-administered, self-managed, real estate investment trust (REIT) with headquarters in Chicago.
