Lexington Corporate Properties Trust Declares Common and Preferred Dividends
NEW YORK, April 13 -- Lexington Corporate
Properties Trust (NYSE: LXP), a real estate investment trust, today
announced that its Board of Trustees approved the declaration of a dividend
of $0.365 per common share payable on May 15, 2006, to shareholders of
record of common shares as of April 28, 2006.
The Board also approved the declaration of dividends of $0.503125 per
Series B Cumulative Redeemable Preferred Share and $0.8125 per Series C
Cumulative Convertible Preferred Share. The Series B and Series C Preferred
Share dividends are payable on May 15, 2006, to shareholders of record of
the Series B and Series C Preferred Shares as of April 28, 2006.
First Quarter 2006 Results
Lexington will announce its quarterly results before the market opens
on Thursday, April 27, 2006. Management will discuss the financial results
and Lexington's business plan on a conference call at 2:00 p.m. Eastern
time. The toll-free dial-in number is 800-240-7305. A replay of the
conference call will be available through May 4, 2006. The toll-free
telephone number for the replay is 800-405-2236, passcode 11058112.
International callers can access the conference call by dialing
303-205-0033 and the replay by dialing 303-590-3000, passcode 11058112
(same passcode). The conference call can also be accessed on the internet
at http://www.lxp.com .
Lexington is a real estate investment trust that owns and manages
office, industrial and retail properties net-leased to major corporations
throughout the United States and provides investment advisory and asset
management services to investors in the net lease area. Lexington common
shares closed Thursday, April 13, 2006 at $20.66 per share. Lexington
currently pays an annualized dividend of $1.46 per share. Additional
information about Lexington is available at http://www.lxp.com .
This release contains certain forward-looking statements which involve
known and unknown risks, uncertainties or other factors not under
Lexington's control which may cause actual results, performance or
achievements of Lexington to be materially different from the results,
performance, or other expectations implied by these forward-looking
statements. These factors include, but are not limited to, those factors
and risks detailed in Lexington's periodic filings with the Securities and
Exchange Commission. Lexington undertakes no obligation to publicly release
the results of any revisions to those forward-looking statements which may
be made to reflect events or circumstances after the occurrence of
unanticipated events. Accordingly, there is no assurance that Lexington's
expectations will be realized.