Mack-Cali Realty Corporation Declares Fourth Quarter Cash Dividend

12/18/1997 Category: Dividends

CRANFORD, NJ--December 18, 1997--Mack-Cali Realty Corporation (NYSE:CLI) today announced that its Board of Directors has declared a fourth quarter cash dividend of $0.50 per share (an indicated annual rate of $2.00 per share) for the period October 1, 1997 through December 31, 1997. The dividend will be paid on January 16, 1998, to shareholders of record as of January 5, 1998.

Mack-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 187 properties, primarily office and office/flex buildings, totaling approximately 21.6 million square feet. The properties are located in 10 states, primarily in the Northeast and Southwest.

Additional information on Mack-Cali Realty Corporation is available on the Company's website at www.mack-cali.com.