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BLOOMFIELD HILLS, MI-Taubman Centers, Inc. directors have declared a regular quarterly dividend of $0.25 per share of common stock. The common dividend is payable October 22, 2001 to shareholders of record on October 1, 2001.

The amount is an increase from last third quarter’s dividend of $0.245 per share of common stock.

Directors also declared a regular quarterly dividend of $0.51875 per share on its Series A Cumulative Preferred Shares. The preferred dividend will be payable on October 1, 2001 to shareholders of record on September 21, 2001.

The company, a real estate investment trust, owns, develops, acquires and operates urban and suburban shopping centers from coast to coast.

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