The dividend will be payable Dec. 29, 2000 to shareholders of record as of the close of business on December 18, 2000.
Burnham Pacific Properties, Inc. is a real estate investment trust that focuses on retail real estate. Burnham Pacific stockholders will vote on the company's liquidation plan at the company's annual meeting on Dec. 15.
San Diego-based Burnham says it expects to make liquidating distributions of $6 to $7.50 per share of common stock, excluding quarterly dividends. Those dividends could be distributed from time to time, the amount varying based on the sale values received for the company's properties. The company will also vote on a new slate of directors for its board.
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