Mission West Properties, Inc. Declares First Quarter 2010 Dividend, Announces 2010 Annual Stockholders' Meeting Details and Provides Notification of Quarterly Conference Call
CUPERTINO, Calif., March 24 /PRNewswire-FirstCall/ -- Mission West Properties, Inc. (Nasdaq: MSW) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.15 per common share payable on April 8, 2010 to all common stockholders of record on April 2, 2010. The dividend is equivalent to an annual rate of $0.60 per share, which represents an 8.4 percent annualized yield based on the latest closing price of $7.12 per share.
The Company intends to make regular quarterly distributions to holders of its common stock based upon its cash available for distribution.
The Company also announced today that its 2010 Annual Stockholders' Meeting will be held on May 20, 2010, at 10:00 AM Pacific Time. Stockholders of record of the Company's common stock as of the close of business on March 30, 2010 are entitled to vote at the annual meeting. The meeting will be held at the Company's corporate office, 10050 Bandley Drive, Cupertino, CA 95014.
NOTIFICATION OF CONFERENCE CALL |
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April 15, 2010 at 8:00 AM Pacific Time |
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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 2010 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 |
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A recording of this conference call will be available from April 15, 2010 at 10:00 AM Pacific Time through April 29, 2010 at 11:59 PM Pacific Time by dialing:
U.S.A. |
800-475-6701 |
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International |
320-365-3844 |
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Access Code |
151737 |
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Mission West Properties, Inc. operates as a selfmanaged, selfadministered 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 112 properties totaling approximately 8.1 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," "intends," 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 under the Company's Berg Land Holdings Option Agreement with 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.
SOURCE Mission West Properties, Inc.
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