Saturday, November 22, 2014

Post Properties Announces Quarterly Dividends and New Stock and Note Repurchase Program


ATLANTA, GA --(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment trust, announced quarterly dividends on its common stock of $0.40 per share for the fourth quarter of 2014. 

The dividend is payable on January 15, 2015 to all common stockholders of record as of January 2, 2015.

Post also announced regular quarterly dividends on its 8.5 percent Series A Cumulative Redeemable Preferred Stock of $1.0625 per share for the fourth quarter of 2014. 

The dividend is payable on December 31, 2014 to all Series A preferred stockholders of record as of December 15, 2014.

In addition, Post announced that its Board of Directors has adopted a new stock and note repurchase program under which Post may repurchase up to an aggregate of $200 million of its common stock or preferred stock or its operating partnership’s senior unsecured notes from time to time until December 31, 2017. The new stock and note repurchase program replaces a substantially similar program that is currently set to expire at the end of 2014.


 For a complete copy of the company’s news release, please contact:

Post Properties, Inc.

Chris Papa, 404-846-5000

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