Cali Realty Corporation Declares Second Quarter Cash Dividend

06/10/1997 Category: Dividends

CRANFORD, NJ--June 10, 1997--Cali Realty Corporation (NYSE:CLI), today announced that its Board of Directors has declared a second quarter cash dividend of $0.45 per share (an indicated annual rate of $1.80 per share) for the period April 1, 1997 through June 30, 1997. The dividend will be paid on July 18, 1997 to shareholders of record as of July 3, 1997.

Cali Realty Corporation is a fully integrated, self-administered, self-managed real estate investment trust (REIT) providing leasing, management, acquisition, development, construction and tenant-related services for its portfolio. The Company owns 127 properties, primarily class A office and office/flex buildings, totaling approximately 11.8 million square feet. All of the properties are located in New Jersey, New York, Pennsylvania and Connecticut.

Additional information on Cali Realty Corporation is available on the Company's website at www.calirealty.com.