The shuffle went like this: On Dec. 1, Catellus Development Corp. merged with and into the newly formed Catellus Operating Limited Partnership, which is owned by the newly formed Catellus SubCo Inc. Catellus SubCo, concurrent with the merger, changed its name back to Catellus Development Corp., such that the new Catellus has become the publicly traded, New York Stock Exchange listed company in place of old Catellus.

For now, however, the new Catellus will continue to operate the businesses of the old Catellus until it becomes a REIT on New Year's Day.

Also this week, Catellus declared a regular cash dividend for the quarter ending Dec. 31, 2003, of $0.27 per share of common stock. The dividend is payable Jan. 15, 2004, to stockholders of record at the close of business on Dec. 29.