OAK BROOK, Ill.--(BUSINESS WIRE)--Retail Properties of America, Inc. (NYSE: RPAI) today announced that the Board of Directors declared the initial cash dividend for the Company’s 7.00% Series A Cumulative Redeemable Preferred Shares. The dividend of $0.4861 per preferred share, for the period beginning December 20, 2012, will be paid on April 1, 2013, to preferred shareholders of record on March 21, 2013.
The Company also announced that its Board declared the quarterly cash dividend of $0.165625 per share on all classes of outstanding common shares of RPAI. The common dividend will be paid on April 10, 2013, to common shareholders of record on March 29, 2013.
About Retail Properties of America, Inc.
Retail Properties of America, Inc. is a fully integrated, self-administered and self-managed real estate investment trust that owns and operates high quality, strategically located shopping centers across 35 states. The Company is one of the largest owners and operators of shopping centers in the United States. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI. Additional information about the Company is available at www.rpai.com.