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DENVER, July 3 /PRNewswire/ -- ProLogis (NYSE: PLD), a leading global provider of distribution services and facilities, announced today that its Board declared a dividend in the amount of $0.5469 per Cumulative Redeemable Series E preferred share, payable on July 31, 2000, to shareholders of record on July 17, 2000. ProLogis Series E preferred share dividends are cumulative and payable quarterly at an annualized rate of $2.1875 per share.
ProLogis is a leading global provider of integrated distribution facilities and services, with more than 1,641 distribution facilities owned and operating throughout North America and Europe. ProLogis has built the industry's first and only global network of distribution facilities with the primary objective to build shareholder value by becoming the leading provider of distribution facilities and services. The company expects to achieve this objective through the ProLogis Operating System(TM), and its commitment to be "The Global Distribution Solution" by meeting customer expansion and reconfiguration needs globally. As of March 31, 2000, ProLogis had 180.8 million square feet of distribution facilities owned, operating or under development in 98 global markets.
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