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Financial News Releases - WPG

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12/24/14Washington Prime Group Announces Dividend
12/24/2014Download this Press Release ()BETHESDA, Md., Dec. 24, 2014 /PRNewswire/ -- Washington Prime Group (NYSE:WPG) announced today that its board of directors declared a "stub" dividend of $0.14 per common share as well as a distribution of $0.14 per operating partnership unit for the period from November 26, 2014 through January 14, 2015 contingent on the closing of its merger with Glimcher Realty Trust (NYSE:GRT) ("Glimcher"), which is anticipated to occur on January 15, 2015. The dividend... 
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11/04/14Washington Prime Group Reports Third Quarter 2014 Results and Announces Dividend
11/04/2014Download this Press Release (PDF 177 KB) BETHESDA, Md., Nov. 4, 2014 /PRNewswire/ -- Washington Prime Group (NYSE: WPG) today reported results for the quarter ended September 30, 2014.Results for the Third QuarterFunds from Operations ("FFO") was $79.5 million or $0.42 per diluted share compared to $86.4 million or $0.46 per diluted share in the prior year period. Included in third quarter FFO is increased interest expense of $9.4 million or $0.05 per diluted share as well as $2.5 mill... 
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09/16/14Washington Prime Group Inc. to Acquire Glimcher Realty Trust for $4.3 Billion in Stock and Cash Including the Assumption of Debt
09/16/2014Download this Press Release ()Transaction Expected to Be Accretive to Per Share Normalized FFO Combined Company to be Named WP Glimcher; Mark S. Ordan to be Executive Chairman; Michael P. Glimcher to be Vice Chairman & CEO Simon Will Concurrently Acquire Jersey Gardens and University Park Village Properties for $1.09 billion Combined Company Will Have Columbus, Ohio Headquarters and Management PlatformBETHESDA, Md. and COLUMBUS, Ohio, Sept. 16, 2014 /PRNewswire/ -- Washington Pr... 
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08/08/14Washington Prime Group Reports Second Quarter 2014 Results and Announces Dividend
08/08/2014Download this Press Release (PDF 220 KB) BETHESDA, Md., Aug. 8, 2014 /PRNewswire/ -- Washington Prime Group (NYSE:WPG) today reported results for the quarter ended June 30, 2014.On May 28, 2014, Simon Property Group (Simon) spun off 98 shopping centers to form Washington Prime Group (the Company). The Company is well positioned with several competitive advantages, including a well-diversified portfolio with a track record of stable operating performance and a strong foundation from whi... 
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06/16/14Washington Prime Increases Ownership in Seven Property Portfolio
06/16/2014Download this Press Release ()BETHESDA, Md., June 16, 2014 /PRNewswire/ -- Washington Prime Group (NYSE: WPG) announced today that it has entered into a definitive agreement to acquire its partner's interest in a portfolio of seven open-air shopping centers. The transaction is expected to close later this week. Previously, Washington Prime held between 32 percent to 42 percent legal ownership interests in the properties, but received substantially less economic benefit due to the partn... 
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06/16/14Washington Prime Acquires Partner's Interest in Clay Terrace
06/16/2014Download this Press Release ()BETHESDA, Md., June 16, 2014 /PRNewswire/ -- Washington Prime Group (NYSE: WPG) announced today that it has entered into a definitive agreement to acquire its partner's 50 percent interest in Clay Terrace, a 577,000 square foot lifestyle center located in Carmel, Indiana for approximately $22.9M plus its partner's share of debt of $57.5M. The transaction is expected to close later this week. The center, which is 97.8 percent occupied, is anchored by Dick's... 
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03/24/14Management Appointments And Independent Directors Announced For Washington Prime Group Inc.
03/24/2014Download this Press Release ()Simon Property Group Continues Progress on Planned Spin-offINDIANAPOLIS, March 24, 2014 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG), a global leader in the retail real estate industry, today announced management appointments and four independent directors who will join the board of Washington Prime Group Inc.Simon announced that the following individuals will join Washington Prime Group's management team once the spin-off is completed:Myles Mint... 
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