Mack-Cali Realty Corporation Declares First Quarter Cash Dividend

03/18/1998 Category: Dividends

CRANFORD, NJ--March 18, 1998--Mack-Cali Realty Corporation (NYSE:CLI) today announced that its Board of Directors has declared its first quarter cash dividend of $0.50 per share (indicating an annual rate of $2.00 per share) for the period January 1, 1998 through March 31, 1998. The dividend will be paid on AprilĀ 21, 1998, to shareholders of record as of April 3, 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. Upon completion of the Company's pending transactions, Mack-Cali will own 241 properties, primarily office and office/flex buildings, totaling approximately 26.1 million square feet. The properties are located in 11 states, primarily in the Northeast as well as the Southwest and West.

Additional information on Mack-Cali Realty Corporation is available on the Company's website at