Berkshire Income Realty to Pay Regular Cash Dividend on its Series A
BOSTON -- January 31, 2014
Berkshire Income Realty, Inc. (NYSE MKT: BIR.PR.A), (NYSE MKT: BIR_PA), (NYSE
MKT: BIRPRA), (NYSE MKT: BIR-A), (NYSE MKT: BIR.A), (NYSE MKT: BIR/PRA) (the
“Company”) announced today that it will pay its regular quarterly cash
dividend of $0.5625 on each share of its 9% Series A Cumulative Redeemable
Preferred Stock on Tuesday, February 18, 2014, due to the President’s Day
holiday, to shareholders of record on February 10, 2014. The regular cash
dividend payable on the Series A Preferred Stock is payable on February 15,
May 15, August 15 and November 15 of each year.
The Company is a Real Estate Investment Trust ("REIT") whose objective is to
acquire, own, operate, develop and rehabilitate multifamily apartment
communities. The Company owns interests in twenty multifamily apartment
communities and two multifamily development projects, of which six are located
in the Baltimore/Washington, D.C. metropolitan area; four are located in
Dallas, Texas; three are located in Virginia; two are located in Houston,
Texas; and one is located in each of Austin, Texas; Atlanta, Georgia;
Sherwood, Oregon; Tampa, Florida; Philadelphia, Pennsylvania; Walnut Creek,
California; and Denver, Colorado. The Company also owns interests in two
unconsolidated multifamily entities.
This press release may contain “forward-looking statements,” within the
meaning of the Private Securities Litigation Reform Act of 1995, about the
Company. These statements involve a number of risks and uncertainties that
could materially affect future results. Among these risk factors are the ones
listed in the Company’s periodic reports filed with the Securities and
Exchange Commission, including without limitation the Company’s Annual Report
on Form 10-K for the fiscal year ended December 31, 2012 and Quarterly Report
on Form 10-Q for the periods ended March 31, 2013, June 30, 2013 and September
Berkshire Income Realty, Inc.
Stephen Lyons, 1-617-574-8367
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