Crescent Real Estate Equities Company (NYSE:CEI) today
announced that its Board of Trust Managers has declared the following
cash dividends for the quarter ended March 31, 2006:
-0-
First Quarter 2006 Annualized
------------------ -----------
Common $0.375000 $1.5000
6.75% Series A Convertible Preferred $0.421875 $1.6875
9.50% Series B Redeemable Preferred $0.593750 $2.3750
The dividends are payable May 15, 2006, to shareholders of record on April 28, 2006.
About Crescent
Crescent Real Estate Equities Company (NYSE:CEI) is a real estate investment trust headquartered in Fort Worth, Texas. Through its subsidiaries and joint ventures, Crescent owns and manages a portfolio of 75 premier office buildings totaling 31 million square feet located in select markets across the United States, with major concentrations in Dallas, Houston, Austin, Denver, Miami and Las Vegas. Crescent also makes strategic investments in resort residential development, as well as in destination resorts, including Canyon Ranch(R). For more information, visit the Company's website at www.crescent.com.
The dividends are payable May 15, 2006, to shareholders of record on April 28, 2006.
About Crescent
Crescent Real Estate Equities Company (NYSE:CEI) is a real estate investment trust headquartered in Fort Worth, Texas. Through its subsidiaries and joint ventures, Crescent owns and manages a portfolio of 75 premier office buildings totaling 31 million square feet located in select markets across the United States, with major concentrations in Dallas, Houston, Austin, Denver, Miami and Las Vegas. Crescent also makes strategic investments in resort residential development, as well as in destination resorts, including Canyon Ranch(R). For more information, visit the Company's website at www.crescent.com.
© 2006 Business Wire
