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DENVER, Dec. 1 -- ProLogis (NYSE: PLD), a leading global provider of distribution services and facilities, announced today that its Board declared a dividend in the amount of $0.5875 per Cumulative Redeemable Series A preferred share, payable on December 29, 2000, to shareholders of record on December 15, 2000. Series A preferred share dividends are cumulative and payable quarterly at an annualized rate of $2.35 per share.
ProLogis' Board also declared a dividend of $0.4375 per Cumulative Convertible Redeemable Series B preferred share, payable on December 29, 2000, to shareholders of record on December 15, 2000. Series B preferred share dividends are cumulative and payable quarterly at an annualized rate of $1.75 per share.
ProLogis' Board also declared a dividend of $1.0675 per Cumulative Redeemable Series C preferred share, payable on December 29, 2000, to shareholders of record on December 15, 2000. Series C preferred share dividends are cumulative and payable quarterly at an annualized rate of $4.27 per share.
ProLogis' Board also declared a dividend of $0.495 per Cumulative Redeemable Series D preferred share, payable on December 29, 2000, to shareholders of record on December 15, 2000. Series D preferred share dividends are cumulative and payable quarterly at an annualized rate of $1.98 per share.
ProLogis is a leading global provider of integrated distribution facilities and services, with 1,662 distribution facilities owned or managed throughout North America and Europe. ProLogis has built the industry's first and only global network of distribution facilities and services with the primary objective to build shareholder value by becoming the world's leading provider. The company expects to achieve this objective through the ProLogis Operating System(TM), and its commitment to be "The Global Distribution Solution" by providing exceptional corporate distribution services and facilities to meet customer expansion and reconfiguration needs globally. As of September 30, 2000, ProLogis owned, managed or had under development a total of 188.7 million square feet of distribution facilities, in 98 global markets.
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