Maguire Properties Declares Fourth Quarter 2007 Common Stock Dividend and Preferred Stock Dividend
LOS ANGELES--(Business Wire)--Maguire Properties, Inc. (NYSE:MPG), a Southern California focused
real estate investment trust, today announced that its Board of
Directors has declared its fourth quarter 2007 common stock dividend
of $0.40 per share of common stock. The dividend is payable on January
31, 2008 to common stockholders of record as of December 28, 2007.
The Company also announced that its Board of Directors has
declared a dividend payable on its Series A Preferred Stock for the
period from November 1, 2007 through and including January 31, 2008 of
$0.46677 per share of preferred stock. The dividend is payable on
January 31, 2008 to preferred stockholders of record as of December
28, 2007.
About Maguire Properties, Inc.
Maguire Properties, Inc. is the largest owner and operator of
Class A office properties in the Los Angeles central business district
and is primarily focused on owning and operating high-quality office
properties in the Southern California market. Maguire Properties, Inc.
is a full-service real estate company with substantial in-house
expertise and resources in property management, marketing, leasing,
acquisitions, development and financing. For more information on
Maguire Properties, visit the Company's website at
www.maguireproperties.com.
Business Risks
This press release contains forward-looking statements based on
current expectations, forecasts and assumptions that involve risks and
uncertainties that could cause actual outcomes and results to differ
materially. These risks and uncertainties include general risks
affecting the real estate industry (including, without limitation, the
inability to enter into or renew leases at favorable rates, dependence
on tenants' financial condition, and competition from other
developers, owners and operators of real estate); risks associated
with the availability and terms of financing and the use of debt to
fund acquisitions and developments; risks associated with the
potential failure to manage effectively our growth and expansion into
new markets, to identify properties to acquire, to complete
acquisitions or to integrate acquisitions successfully; risks and
uncertainties affecting property development and construction; risks
associated with downturns in the national and local economies,
increases in interest rates, and volatility in the securities markets;
risks associated with joint ventures; potential liability for
uninsured losses and environmental contamination; risks associated
with our potential failure to qualify as a REIT under the Internal
Revenue Code of 1986, as amended, and possible adverse changes in tax
and environmental laws; risks associated with our ability to pay
dividends on our common and Series A Preferred stock; and risks
associated with our dependence on key personnel whose continued
service is not guaranteed.
For a further list and description of such risks and
uncertainties, see our Annual Report on Form 10-K/A filed with the
Securities and Exchange Commission on April 9, 2007. The Company does
not update forward-looking statements and disclaims any intention or
obligation to update or revise them, whether as a result of new
information, future events or otherwise.
Maguire Properties, Inc.
Peggy Moretti
Senior Vice President, Investor and Public Relations
213-613-4558
Copyright Business Wire 2007
