SANTA MONICA, Calif., March 14 /PRNewswire-FirstCall/ -- Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT) whose primary focus is owning and acquiring top-tier office properties and multifamily communities within targeted submarkets, announced today that its Board of Directors has approved a $0.175 per share quarterly cash dividend, which will be payable on April 16, 2007 to shareholders of record as of March 30, 2007. On an annualized basis, the dividend represents a distribution of $0.70 per common share. In addition, Douglas Emmett's Board of Directors has declared that its Annual Meeting of Shareholders will be held on Thursday, May 31, 2007 at 9:30 a.m. (PDT) at The Loews Santa Monica Beach Hotel, located at 1700 Ocean Avenue, Santa Monica, California 90401. Shareholders of record as of April 2, 2007 will be entitled to vote at the meeting. About Douglas Emmett, Inc. Douglas Emmett, Inc. (NYSE: 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 targeted submarkets in California and Hawaii. The Company's property portfolio currently consists of 46 office properties with approximately 11.6 million rentable square feet, nine multifamily properties with a total of 2,868 units, and interests in three land parcels. For more information on Douglas Emmett, please visit the Company's Web site at http://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 past forward-looking statements to anticipate future results or trends. For a discussion of some of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's filings with the Securities and Exchange Commission, including its Registration Statement on Form S-11.
SOURCE Douglas Emmett, Inc.