Mack-Cali Realty Corporation Declares Fourth Quarter Cash Dividend

12/16/1998 Category: Dividends

CRANFORD, NJ--December 16, 1998--Mack-Cali Realty Corporation (NYSE:CLI) today announced that its Board of Directors has declared its fourth quarter cash dividend of $0.55 per share (indicating an annual rate of $2.20 per share) for the period October 1, 1998 through December 31, 1998. The dividend will be paid on January 26, 1999, to shareholders of record as of January 6, 1999.

About the Company

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. With the completion of pending transactions, Mack-Cali will own or have interests in 255 properties, primarily office and office/flex buildings, totaling approximately 28.1 million square feet, serving over 2,300 tenants. The Company's portfolio is located in 12 states and the District of Columbia, primarily in the Northeast, as well as the Southwest and West.