DDR Declares Fourth Quarter 2011 Class H and Class I Preferred Share Dividends

^{Published on 2011-12-15 04:56:09 - Market Wire}
 

DDR Declares Fourth Quarter 2011 Class H and Class I Preferred Share... -- BEACHWOOD, Ohio, Dec. 15, 2011 /PRNewswire/ --

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BEACHWOOD, Ohio, Dec. 15, 2011 /PRNewswire/ -- DDR Corp. (NYSE: [ DDR ]) declared its fourth quarter 2011 Preferred Class H stock dividend of $0.460938 per depositary share and Preferred Class I stock dividend of $0.46875 per depositary share.

Each Class H depositary share is equal to one-twentieth of a share of DDR's 7.375% Class H Cumulative Redeemable Preferred Stock. The declared Preferred Class H dividend covers the period beginning October 15, 2011 and ending January 14, 2012. The declared Preferred Class H Dividend is payable January 17, 2012 to shareholders of record at the close of business on December 30, 2011.

Each Class I depositary share is equal to one-twentieth of a share of DDR's 7.5% Class I Cumulative Redeemable Preferred Stock. The declared Preferred Class I dividend covers the period beginning October 15, 2011 and ending January 14, 2012. The declared Preferred Class I Dividend is payable January 17, 2012 to shareholders of record at the close of business on December 30, 2011.

About DDR

DDR is an owner and manager of 538 value-oriented shopping centers representing 134 million square feet in 41 states, Puerto Rico and Brazil. The company's assets are concentrated in high barrier-to-entry markets with stable populations and high growth potential and its portfolio is actively managed to create 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 ].

SOURCE DDR Corp.

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