Mack-Cali Realty Corporation Declares Second Quarter Cash Dividend

06/24/1998 Category: Dividends

CRANFORD, NJ--June 24, 1998--Mack-Cali Realty Corporation (NYSE:CLI) today announced that its Board of Directors has declared its second quarter cash dividend of $0.50 per share (indicating an annual rate of $2.00 per share) for the period April 1, 1998 through June 30, 1998. The dividend will be paid on July 22, 1998, to shareholders of record as of July 6, 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