Mack-Cali Realty Corporation Declares Quarterly Cash Dividend
EDISON, N.J., Sept. 12, 2013
EDISON, N.J., Sept. 12, 2013 /PRNewswire/ -- Mack-Cali Realty Corporation
(NYSE: CLI) today announced that its Board of Directors has declared a cash
dividend of $0.30 per common share (indicating an annual rate of $1.20 per
common share, paid in cash) for the period July 1, 2013 through September
30,2013. The dividend will be paid on October 11, 2013 to shareholders of
record as of October3,2013.
The Company also announced that its Board of Directors, at a meeting held
earlier today, had made a determination to present and recommend to its
shareholders for approval at the 2014 Annual Meeting a proposal to amend the
Company's charter to declassify or to "de-stagger" its Board of Directors.
Mack-Cali Realty Corporation is a fully integrated, self-administered,
self-managed real estate investment trust (REIT) providing management,
leasing, development, construction and other tenant-related services for its
class A real estate portfolio. Mack-Cali owns or has interests in 274
properties consisting of 265 office and office/flex properties totaling
approximately 30.6 million square feet and nine multi-family rental properties
containing over 3,300 residential units, all located in the Northeast. The
properties enable the Company to provide a full complement of real estate
opportunities to its diverse base of commercial and residential tenants.
Additional information on Mack-Cali Realty Corporation is available on the
Company's website at www.mack-cali.com.
Statements made in this press release may be forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements can be identified by the use of words such as
"may," "will," "plan," "potential," "should," "expect," "anticipate,"
"estimate," "continue," or comparable terminology. Such forward-looking
statements are inherently subject to certain risks, trends and uncertainties,
many of which the Company cannot predict with accuracy and some of which the
Company might not even anticipate, and involve factors that may cause actual
results to differ materially from those projected or suggested. Readers are
cautioned not to place undue reliance on these forward-looking statements and
are advised to consider the factors listed above together with the additional
factors under the heading "Disclosure Regarding Forward-Looking Statements"
and "Risk Factors" in the Company's Annual Reports on Form 10-K, as may be
supplemented or amended by the Company's Quarterly Reports on Form 10-Q, which
are incorporated herein by reference. The Company assumes no obligation to
update or supplement forward-looking statements that become untrue because of
subsequent events, new information or otherwise.
Mack-Cali Realty Corporation
Mack-Cali Realty Corporation
Contacts: Executive Vice President
Vice President of Marketing
and Chief Financial Officer
SOURCE Mack-Cali Realty Corporation
Press spacebar to pause and continue. Press esc to stop.