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globenewswire

Associated Estates Declares Preferred Share Dividend

  • Press Release
  • Source: Associated Estates Realty Corporation
  • On 1:49 pm EDT, Wednesday August 12, 2009

CLEVELAND, Aug. 12, 2009 (GLOBE NEWSWIRE) -- Associated Estates Realty Corporation (Nasdaq:AEC - News; NYSE:AEC - News) announced today that a quarterly dividend of $0.54375 per one-tenth depositary share has been declared on the Company's 8.70% Class B Series II Cumulative Redeemable Preferred Shares (NYSE:AECPRB - News; Nasdaq:AECPRB - News), payable on September 15, 2009 to shareholders of record on August 31, 2009. Each depositary share represents one-tenth of a share of the Company's 8.70% Class B Series II Cumulative Redeemable Preferred Shares.

Associated Estates is a real estate investment trust ("REIT") and is a member of the Russell 2000. The Company is headquartered in Richmond Heights, Ohio. Associated Estates' portfolio consists of 50 properties containing 12,451 units located in eight states. For more information about the Company, please visit its website at www.AssociatedEstates.com.

The Associated Estates Realty Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5181

Contact:

Associated Estates Realty Corporation
Media Contact:
Kim Kanary, Director of Corporate Communications
(216) 797-8718
kkanary@AssociatedEstates.com
Investor Contact:
Swarup Katuri, Senior Director of Corporate Finance
and Investor Relations
(216) 797-8743
skaturi@AssociatedEstates.com

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