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DETROIT-The Board of Trustees of Ramco-Gershenson Properties Trust have declared a third quarter dividend of $0.42 per share for the period July 1 through Sept. 30 based on an annual dividend of $1.68 per share. The distribution will be payable on Oct. 17 to shareholders on record as of Sept. 30.

The real estate investment trust owns, develops, acquires and manages community shopping centers, regional malls and single tenant retail properties, nationally.

The company has a portfolio of 55 shopping centers, with approximately 11.1 million square feet of gross leasable area, located in Michigan, Ohio, Wisconsin, New Jersey, Maryland, Virginia, North Carolina, South Carolina, Tennessee, Georgia, Alabama and Florida.

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