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SOUTHFIELD, MI-Ramco-Gershenson Properties Trust has declared a third quarter dividend of $0.42 per share for the periodJuly 1, 2003 through Sept. 30, 2003, based on an annual dividend of $1.68 per share. The distribution will be payable on Oct. 21, 2003, to shareholders of record on Sept. 30, 2003.

Ramco-Gershenson’s shares were up about 1% in trading on the New York Stock Exchange on Thursday, Sept. 11, the day the dividend was announced. Shares of the company, which trade under the symbol RPT, have been trading in the $25.00-$25.50 range this week, just below their 52-week high of $25.95. The 52-week low was $16.55.

Ramco-Gershenson Properties Trust has a portfolio of 63 shopping centers totaling approximately 12.5 million sf of gross leasable area, consisting of 62 community centers, of which nine are power centers and three are single tenant properties, as well as one enclosed regional mall. The company’s centers are located in Michigan, Ohio, Wisconsin, New Jersey, Maryland, Virginia, North Carolina, South Carolina, Tennessee, Georgia, Alabama and Florida.

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