Douglas Emmett Announces Date For Annual Shareholders' Meeting and Amends Record Date For Quarterly Cash Dividend
SANTA MONICA, Calif., March 12, 2013 /PRNewswire/ -- Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), announced today that its Annual Meeting of Shareholders will be held at 9:00 a.m. Pacific Time on Tuesday, June 4, 2013 at the Sheraton Delfina Hotel, located at 530 West Pico Blvd., Santa Monica, California 90405. Shareholders of record as of April 8, 2013 will be entitled to vote in person or by proxy at the meeting.
As previously announced, the Board of Directors has declared a quarterly cash dividend on each share of the company's common stock of $0.18, or $0.72 on an annualized basis. Because the previously announced record date of March 29, 2013 falls on a New York Stock Exchange Holiday, the record date for that dividend will instead be March 28, 2013. Accordingly, the dividend will be paid on April 15, 2013 to shareholders of record as of March 28, 2013.
About Douglas Emmett, Inc.
Douglas Emmett, Inc. (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities. For more information about Douglas Emmett, please visit our website at www.douglasemmett.com.
Safe Harbor Statement
Except for the historical facts, the statements in this press release regarding Douglas Emmett's business activities are forward-looking statements based on the beliefs of, assumptions made by, and information currently available to us about known and unknown risks, trends, uncertainties and factors that are beyond our control or ability to predict. Although we believe that our assumptions are reasonable, they are not guarantees of future performance and some will inevitably prove to be incorrect. As a result, our actual future results can be expected to differ from our expectations, and those differences may be material. Accordingly, investors should use caution in relying on forward-looking statements to anticipate future results or trends. For a discussion of some of the risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in our Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission.
Stuart McElhinney, Vice President – Investor Relations
SOURCE Douglas Emmett, Inc.
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