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EQR » Topics » Expected Dividend Reduction

This excerpt taken from the EQR 8-K filed Jul 30, 2009.

Expected Dividend Reduction

The company expects to reduce its quarterly common share dividend, beginning with the dividend for the third quarter of 2009, from $0.4825 per share (an annual rate of $1.93 per share) to $0.3375 per share (an annual rate of $1.35 per share).

“We expect to take this step as a result of reductions in our cash flow from ongoing operations and also to position the company to take advantage of opportunities that may lie ahead,” said Mr. Neithercut.

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