Press Release
For Immediate News Release
March 19, 2012
A portion of the Combined Dividend in the amount of $0.13 per
share represents payment of the regular dividend for the
quarter ending March 31, 2012, and the remaining portion
represents an additional special dividend payment ("Special
Dividend") in the amount of $0.09 per share.
The Special Dividend was declared to distribute excess income
attributable to gain on asset sale from the Company's
disposition activity and other tenant-related income during
2011. The Special Dividend is intended to enable the Company
to avoid corporate level income taxes for 2011.
The Company intends to make regular quarterly distributions
to holders of its common stock based upon its cash available
for distribution.
Mission West Properties, Inc./Carl E. Berg will have a
conference call to provide an update on recent Silicon Valley
R&D market developments and discuss the first quarter 2012
earnings results. The conference call will end with a
question and answer session. The dial in number for the
conference call is:
U.S.A. 800-230-1074
A recording of this conference call will be available from
April 12, 2012, at 10:00 A.M. Pacific Time through April
26,
2012, at 11:59 P.M. Pacific Time by dialing:
U.S.A. 800-475-6701
International 320-365-3844
Access Code 241951
Mission West Properties, Inc. operates as a self-managed,
self-administered and fully integrated REIT engaged in the
management, leasing, marketing, development and acquisition
of commercial R&D properties, primarily located in the
Silicon Valley portion of the San Francisco Bay Area.
Currently, the Company manages 108 properties totaling
approximately 7.8 million rentable square feet. For
additional information, please contact Investor Relations at
408-725-
0700.
The matters described herein contain forward-looking statements. Such statements can be identified by the use of forward-looking terminology such as "will," "anticipate," "estimate," "expect," "intend," or similar words. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to, the ability to complete acquisitions from the Berg Group, changing economic and real estate industry conditions, leasing risk, rollover risk, tenant credit risk, interest rate risk, and other factors detailed in the Company's registration statements, and periodic filings with the Securities & Exchange Commission.
distributed by | This press release was issued by Mission West Properties Inc. and was initially posted at http://www.missionwest.com/News/1stQ2012_DividendAnnounce___CC.pdf . It was distributed, unedited and unaltered, by noodls on 2012-03-20 00:55:41 AM. The issuer is solely responsible for the accuracy of the information contained therein. |