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Prentiss Properties Stockholders to Get 48.5 Cents Per Share; AIP's, 22 Cents: Gainsco's Receiving Bare Minimum

DALLAS-Stock news has stockholders for Prentiss Properties Trust receiving 48.5 cents per share for the third quarter while Gainsco Inc.'s fiscal backers will get the bare minimum. Stockholders will reap their benefits at the end of this month.

By Connie Gore | Updated on September 15, 2000

DALLAS-Prentiss Properties Trust, a Dallas-based REIT, is declaring a regular quarterly dividend to 48.5 cents per share for the reporting period ending Sept. 30.

At a $1.94 per share annualized basis, the dividend represents a 7.7% annualized yield, based on yesterday’s closing price of nearly $25.3 per share. The dividend is payable Oct. 13 to shareholders of record as of Sept. 30. Prentiss Properties owns interests in 180 office and industrial properties with a combined net rentable sf of 18.3 million and five development properties containing 734,000 sf.

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