The board has also declared a cash dividend of 50¢ per depositary share, each representing 1/100th of a share of 8% Series C cumulative redeemable perpetual preferred stock ($25 liquidation value per depositary share) for the period of January 15 through April 14. The dividend will be paid on April 15 to shareholders of record as of April 5.
Mack-Cali's portfolio currently stands at 263 properties, mostly office and office/flex, totaling about 28.3 million sf of space.
NOT FOR REPRINT
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.