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DALLAS-Prentiss Properties Trust, based in Dallas, has declared a 48 1/2-cent, fourth-quarter dividend per share, reflecting a 7.3% annualized yield or $1.94 per share.

The gain from the period of Oct. 1 through Dec. 31 is based on Tuesday’s closing price of about $26.60 per share. The dividend will be paid Jan. 12, 2001, to owners of record as of Dec. 29.

The Prentiss Properties REIT owns interests in 180 office and industrial properties totaling about 18,5 million net rentable sf and five developments consisting of 645,000 sf. Its management portfolio encompasses some 41 million sf of office and industrial properties nationwide.

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