CLEVELAND, Jan. 28, 2010 (GLOBE NEWSWIRE) -- Associated Estates Realty Corporation announced today that a quarterly dividend of $0.54375 per one-tenth depositary share has been declared on the Company’s 8.70% Class B Series II Cumulative Redeemable Preferred Shares (NYSE:AECPRB) (NASDAQ:AECPRB), payable on March 15, 2010 to shareholders of record on February 26, 2010. Each depositary share represents one-tenth of a share of the Company’s 8.70% Class B Series II Cumulative Redeemable Preferred Shares.
Associated Estates is a real estate investment trust (“REIT”) and is a member of the Russell 2000. The Company is headquartered in Richmond Heights, Ohio. Associated Estates’ portfolio consists of 49 properties containing 12,366 units located in eight states. For more information about the Company, please visit its website at www.AssociatedEstates.com.
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