CBL & Associates Properties Declares Common and Preferred Stock Dividends

  CBL & Associates Properties Declares Common and Preferred Stock Dividends

Business Wire

CHATTANOOGA, Tenn. -- November 28, 2012

CBL & Associates Properties, Inc. (NYSE: CBL) today announced that its Board
of Directors has declared a quarterly cash dividend for the Company’s Common
Stock of $0.22 per share for the quarter ending December 31, 2012. The
dividend is payable on January 16, 2013, to shareholders of record as of
December 28, 2012.

The Board also declared a quarterly cash dividend of $0.4609375 per depositary
share for the quarter ending December 31, 2012, 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
December 31, 2012, to shareholders of record as of December 14, 2012.

The Board also declared a quarterly cash dividend of $0.39106 per depositary
share for the partial quarter covering October 5, 2012 through December 31,
2012, for the Company's 6.625% Series E Cumulative Redeemable Preferred Stock.
The dividend is payable on December 31, 2012, to shareholders of record as of
December 14, 2012.

About CBL & Associates Properties, Inc.

CBL is one of the largest and most active owners and developers of malls and
shopping centers in the United States. CBL owns, holds interest in or manages
162 properties, including 93 regional malls/open-air centers. The properties
are located in 27 states and total 92.9 million square feet including 9.4
million square feet of non-owned shopping centers managed for third parties.
Headquartered in Chattanooga, TN, CBL has regional offices in Boston
(Waltham), MA, Dallas (Irving), TX, and St. Louis, MO. Additional information
can be found atcblproperties.com.

Information included herein contains "forward-looking statements" within the
meaning of the federal securities laws. Such statements are inherently subject
to risks and uncertainties, many of which cannot be predicted with accuracy
and some of which might not even be anticipated. Future events and actual
events, financial and otherwise, may differ materially from the events and
results discussed in the forward-looking statements. The reader is directed to
the Company's various filings with the Securities and Exchange Commission,
including without limitation the Company's Annual Report on Form 10-K and the
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" incorporated by reference therein, for a discussion of such risks
and uncertainties.

Contact:

CBL & Associates Properties, Inc.
Katie Reinsmidt, 423-490-8301
Vice President - Corporate Communications and Investor Relations
katie_reinsmidt@cblproperties.com
 
Press spacebar to pause and continue. Press esc to stop.