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