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Chelsea Property Group, Inc. (ticker: CPG, exchange: New York Stock Exchange) News Release - 15-Mar-2001
Chelsea Property Group Declares Increase in Dividend
ROSELAND, N.J., March 15 /PRNewswire/ -- Chelsea Property Group, Inc. (NYSE: CPG), a developer, owner and operator of premium manufacturers' outlet centers, announced today that its Board of Directors declared a quarterly cash dividend of $0.78 per share of common stock. The dividend is payable on April 16, 2001 to shareholders of record on March 30, 2001 and represents a 4% increase from $0.75 per share.
In addition, the Board of Directors declared a cash dividend of $1.046875 per share on the Company's 8-3/8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on April 16, 2001 to shareholders of record on April 2, 2001. SOURCE Chelsea Property Group, Inc.
CONTACT: Michael J. Clarke, Chief Financial Officer, or John P. McGinnis, Dir. - Investor Relations, both of Chelsea Property Group, Inc.,
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