DDR Declares First Quarter 2013 Class H and Class J Preferred Share Dividends

BEACHWOOD, Ohio, March 12, 2013 /PRNewswire/ -- DDR Corp. (NYSE: DDR) declared its first quarter 2013 Preferred Class H stock dividend of $0.460938 per depositary share and Preferred Class J stock dividend of $0.406250 per depositary share.

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Each Class H depositary share is equal to one-twentieth of a share of DDR's 7.375% Class H Cumulative Redeemable Preferred Stock. The declared Preferred Class H dividend covers the period beginning January 15, 2013 and ending April 14, 2013. The declared Preferred Class H Dividend is payable April 15, 2013 to shareholders of record at the close of business on April 1, 2013.

Each Class J depositary share is equal to one-twentieth of a share of DDR's 6.50% Class J Cumulative Redeemable Preferred Stock. The declared Preferred Class J dividend covers the period beginning January 15, 2013 and ending April 14, 2013. The declared Preferred Class J Dividend is payable April 15, 2013 to shareholders of record at the close of business on April 1, 2013.

About DDR
DDR is an owner and manager of 454 value-oriented shopping centers representing 116 million square feet in 39 states, Puerto Rico and Brazil. The company's assets are concentrated in high barrier-to-entry markets with stable populations and high growth potential and its portfolio is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the company is available at www.ddr.com.

SOURCE DDR Corp.