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ANN ARBOR, MI-Captec Net Lease Realty, Inc. directors have declared a dividend for the third quarter ended Sept. 30 of $0.38 per share of common stock, payable Oct. 18 to shareholders of record at the close of business on Oct. 11. The shares will begin trading ex-dividend on Oct. 9, meaning those eligible for the dividend will have to have bought Captec shares on or before Oct. 8, 2001.

In July, the company entered into a definitive merger agreement with Commercial Net Lease Realty Inc. an equity real estate investment trust headquartered in Orlando, FL.

The company is a real estate investment trust that invests in long-term net-leased restaurant and retail properties. As of June 30, Captec owned and/or managed a diversified portfolio of 229 free-standing restaurant, retail and entertainment properties throughout the US.

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