Clearwater, FL (PRWEB) November 28, 2014
American Land Lease, Inc. (the “Company”) announced today that the Company’s Board of Directors has authorized the payment of the accumulated and unpaid dividends on its 7.75% Series A Preferred Shares.
The accumulated and unpaid dividends on the Company’s Series A Preferred Shares are payable on December 19, 2014 to shareholders of record as of the close of business on December 8, 2014 and will be $2.42 per share.
Dividends on the Company’s Series A Preferred Shares are considered quarterly and are subject to suspension at any time.
About American Land Lease, Inc.
American Land Lease, Inc. is a Clearwater, Florida-based real estate investment trust that owns and manages high quality residential land-lease communities. For additional information, please visit http://www.AmericanLandLease.com.
American Land Lease, Inc.
Benjamin S. Allen, General Counsel
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect management’s current views with respect to future events and financial performance. The words “believes”, “expects”, “anticipates”, “estimates” and similar words or expressions are generally intended to identify forward-looking statements. Actual results may differ materially from those expected because of various risks and uncertainties, including, but not limited to, changes in general economic conditions, adverse changes in real estate markets as well as other risks and uncertainties.