CUPERTINO, Calif., Dec. 18 /PRNewswire-FirstCall/ -- Mission West Properties, Inc. (AMEX/PCX: MSW) today announced that its Board of Directors has declared its regular fourth-quarter cash dividend of $0.16 per share on its common stock payable on January 4, 2007 to all common stockholders of record on December 29, 2006. The dividend is equivalent to an annual rate of $0.64 per share, which represents a 5.0 percent annualized yield based on Friday's closing price of $12.86 per share.
The Company intends to make regular quarterly distributions to holders of its common stock based upon its cash available for distribution.
NOTIFICATION OF CONFERENCE CALL February 8th, 2007 at 8:00 a.m. Pacific Time
Mission West Properties, Inc./Carl E. Berg will have a conference call to provide an update on recent Silicon Valley R&D Market developments and discuss 4th quarter and full year 2006 earnings results. We will end the conference call with a question and answer session. The dial in number for the conference call is:
U.S.A. 877-209-0397
A recording of this conference call will be available from February 8, 2007 at 11:30 a.m. pacific time through February 22, 2007 at 11:59 p.m. pacific time by dialing:
U.S.A. 800-475-6701
International 320-365-3844
Access Code 854745
Mission West Properties, Inc. operates as a self-managed, self-administered and fully integrated REIT engaged in the management, leasing, marketing, development and acquisition of commercial R&D properties, primarily located in the Silicon Valley portion of the San Francisco Bay Area. Currently, the Company manages 107 properties totaling approximately 7.7 million square feet. For additional information, please contact Investor Relations at 408-725-0700.
The matters described herein contain forward-looking statements. Such statements can be identified by the use of forward-looking terminology such as "will," "anticipate," "estimate," "expect," "intends," or similar words. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to, the ability to complete acquisitions under the Company's Berg Land Holdings Option Agreement with the Berg Group, changing economic and real estate industry conditions, leasing risk, rollover risk, tenant credit risk, interest rate risk, and other factors detailed in the Company's registration statements, and periodic filings with the Securities & Exchange Commission.
