COLUMBUS, Ohio--(BUSINESS WIRE)--May 17, 2016--
WP Glimcher Inc. (NYSE: WPG), a premier retail real estate
investment trust specializing in the ownership, management and
development of shopping centers, today announced that the Company’s
Board of Directors declared a quarterly cash dividend on its common
shares and operating partnership units. A cash dividend of $0.25 per
common share and operating partnership unit was declared. The second
quarter dividend is payable on June 15, 2016 to shareholders and
operating partnership unit holders of record on June 3, 2016.
Additionally, the Board of Directors declared quarterly cash dividends
of $0.4688 per Series H preferred share of beneficial interest, $0.4297
per Series I preferred share of beneficial interest, and $0.4563 per
Series I-1 preferred unit of Preferred Limited Partnership Interest.
Each of the cash dividends is payable on July 15, 2016 to shareholders
and operating partnership unit holders of record on June 30, 2016.
About WP Glimcher
WP Glimcher Inc. is a retail REIT and a recognized leader in the
ownership, management, acquisition and development of retail properties,
including mixed-use, open-air and enclosed regional malls as well as
community centers. The Company currently owns a material interest in and
manages 118 shopping centers totaling more than 67 million square feet
diversified by size, geography and tenancy. WP Glimcher combines a
national real estate portfolio with an investment grade balance sheet,
leveraging its expertise across the entire shopping center sector to
increase cash flow through rigorous management of assets and provide new
opportunities to retailers looking for growth throughout the U.S. WP
Glimcher® is a registered trademark of the Company. Learn more at www.wpglimcher.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160517006647/en/
Source: WP Glimcher Inc.
WP Glimcher Inc.
Kimberly A. Green, Director of Investor Relations,