Capital Properties, Inc. Declares Dividend

Jan 27, 2010, 09:32 ET from Capital Properties, Inc.

EAST PROVIDENCE, R.I., Jan. 27 /PRNewswire-FirstCall/ -- At its regular quarterly meeting on January 26, 2010, the Board of Directors of Capital Properties, Inc. (Pink Sheets: CPTP) declared a dividend of $.03 per share on the Company's outstanding Class A common stock and Class B common stock payable on February 26, 2010 to shareholders of record as of the close of business on February 12, 2010.  

Certain written statements made in this press release may contain "forward-looking statements," which represent the Company's expectations or beliefs concerning future events.  Certain risks, uncertainties and other important factors are detailed in reports filed by the Company with the Securities and Exchange Commission, including forms 8-K, 10-KSB and 10-QSB.  The Company cautions that these statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements.

CONTACT:

Barbara J. Dreyer, Treasurer

(401) 435-7171

SOURCE Capital Properties, Inc.