(Read more on the debt and equitymarkets.)
EDISON, NJ-The board of directors of Mack-Cali Realty Corp.,based here, has voted to pay a cash dividend of $0.64 per commonshare for the period of Oct. 1 through Dec. 31, according to BarryLefkowitz, VP and CFO. The dividend, which will be paid on Jan. 14to shareholders of record as of Jan. 4, annualizes to a rate of$2.56 per common share.
The board has also declared a cash dividend on the company's 8%Series C cumulative redeemable perpetual preferred stock--$25liquidation value per depositary share, each representing 1/100thof a share of preferred stock--amounting to $0.50 per depositaryshare for the period of Oct. 15, 2007 through Jan. 14, 2008,according to Lefkowitz. That dividend will be paid on Jan. 15, 2008to shareholders of record as of Jan. 4.
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