NEW YORK, April 13 /PRNewswire-FirstCall/ -- Lexington Corporate Properties Trust , a real estate investment trust, today announced that its Board of Trustees approved the declaration of a dividend of $0.365 per common share payable on May 15, 2006, to shareholders of record of common shares as of April 28, 2006.
The Board also approved the declaration of dividends of $0.503125 per Series B Cumulative Redeemable Preferred Share and $0.8125 per Series C Cumulative Convertible Preferred Share. The Series B and Series C Preferred Share dividends are payable on May 15, 2006, to shareholders of record of the Series B and Series C Preferred Shares as of April 28, 2006.
First Quarter 2006 Results
Lexington will announce its quarterly results before the market opens on Thursday, April 27, 2006. Management will discuss the financial results and Lexington's business plan on a conference call at 2:00 p.m. Eastern time. The toll-free dial-in number is 800-240-7305. A replay of the conference call will be available through May 4, 2006. The toll-free telephone number for the replay is 800-405-2236, passcode 11058112. International callers can access the conference call by dialing 303-205-0033 and the replay by dialing 303-590-3000, passcode 11058112 (same passcode). The conference call can also be accessed on the internet at http://www.lxp.com/ .
About Lexington
Lexington is a real estate investment trust that owns and manages office, industrial and retail properties net-leased to major corporations throughout the United States and provides investment advisory and asset management services to investors in the net lease area. Lexington common shares closed Thursday, April 13, 2006 at $20.66 per share. Lexington currently pays an annualized dividend of $1.46 per share. Additional information about Lexington is available at http://www.lxp.com/ .
This release contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under Lexington's control which may cause actual results, performance or achievements of Lexington to be materially different from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those factors and risks detailed in Lexington's periodic filings with the Securities and Exchange Commission. Lexington undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the occurrence of unanticipated events. Accordingly, there is no assurance that Lexington's expectations will be realized.
