OAK BROOK, Ill., Sept. 9, 2002 (PRIMEZONE) -- On September 5, 2002, the Board of Trustees of Great Lakes REIT (NYSE:GL) declared monthly dividends of $0.135 per common share, for each of the months of October, November and December.
The monthly dividend for shareholders of record on Monday, October 28, 2002 will be paid on Friday, November 8, 2002. Great Lakes REIT common shares will begin trading ex-dividend on Thursday, October 24, 2002.
The monthly dividend for shareholders of record on Friday, November 29, 2002 will be paid on Tuesday, December 10, 2002. Great Lakes REIT common shares will begin trading ex-dividend on Wednesday, November 27, 2002.
The monthly dividend for shareholders of record on Tuesday, December 31, 2002 will be paid on Friday, January 10, 2003. Great Lakes REIT common shares will begin trading ex-dividend on Friday, December 27, 2002.
In addition, the Board of Trustees declared a dividend of $0.609375 per Series A Preferred Share (GL-PrA) of Beneficial Interest payable to shareholders of record as of Friday, November 15, 2002. The payment will cover the period from September 1, 2002 through November 30, 2002. Great Lakes REIT Series A Preferred Shares will begin trading ex-dividend on Wednesday, November 13, 2002. Such dividend shall be paid on December 2, 2002.
Great Lakes REIT is a real estate operating company that owns and manages suburban office properties ranging in size from 36,000-370,000 square feet. The current portfolio consists of 37 properties aggregating approximately 5.4 million square feet that are located in suburban Chicago, Cincinnati, Columbus, Denver, Detroit, Milwaukee and Minneapolis/St. Paul.