VORNADO REALTY TRUST (NYSE:VNO) announced today that its $0.95 common
share dividend, payable on June 12, 2009 will consist of approximately
$67.0 million in cash and approximately 2.1 million common shares priced
at $48.0984 per share, as follows:
-
Holders of 14.8 million shares elected to receive the dividend all in
shares;
-
Holders of 142.4 million shares elected to receive the dividend all in
cash, and will receive $.4195 per share in cash (44.2%) and $.5305 per
share in stock (55.8%);
-
Holders of 19.1 million shares made no election, and will receive $.38
per share in cash (40%) and $.57 per share in stock (60%).
Vornado Realty Trust is a fully-integrated equity real estate investment
trust.
Certain statements contained herein may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, risks associated with the timing of
and costs associated with property improvements, financing commitments
and general competitive factors.
Vornado Realty Trust
Joseph Macnow, 201-587-1000
