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Provider: ValuEngine, Inc.
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$127.00
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Provider: ValuEngine, Inc.
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$127.00
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Provider: Pechala's Reports
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$15.00
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Provider: Reuters Investment Profile
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$20.00
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Alexander's Inc Completes Sale Of Kings Plaza Mall To Macerich Co; Declares Special Long-Term Capital Gain Dividend
Alexander's Inc announced that it has completed the previously announced sale of the Kings Plaza Mall, Brooklyn, New York to The Macerich Company, for $751 million. Net proceeds from the sale were approximately $479 million after repaying the existing loan and closing costs. Alexander's Board of Directors has declared a special long-term capital gain dividend of $624 million, or $122.00 per share payable on December 20, 2012 to stockholders of record on December 10, 2012. The ex-dividend date is expected to be December 21, 2012. Accordingly, stockholders who sell their shares on or before December 20, 2012 will not be entitled to receive the Special Dividend.
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