NEW YORK--(BUSINESS WIRE)--Rouse Properties, Inc. (the “Company” or “Rouse”) (NYSE:RSE), a national owner of regional enclosed malls, today announced the adoption of a Dividend Reinvestment and Stock Purchase Plan (the “DRIP”), commencing with the payment of the second quarter dividend of 2014, which will be paid on July 31, 2014 to stockholders of record on July 15, 2014.
Stockholders enrolled in the DRIP will have the option to purchase additional shares of the Company’s common stock by automatically reinvesting all or a portion of the cash dividends paid on their shares of common stock or by making optional cash payments, or both, at fees described in the DRIP prospectus.
The DRIP will be administered through the Company’s transfer agent, American Stock Transfer & Trust Company, LLC (“AST”). Stockholders may obtain a copy of the DRIP prospectus and enrollment applications by visiting AST’s website at www.amstock.com or by contacting AST at 1-866-673-8055. Beneficial owners of shares that are registered in names other than their own should contact their financial intermediary to arrange enrollment. All stockholders considering enrollment in the DRIP should carefully review the terms of the DRIP and consult with their advisors as to the implications of enrollment in the DRIP.
This press release is not an offer to sell or a solicitation of an offer to buy any securities. The offer is being made solely through the DRIP prospectus.
Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statements. These forward-looking statements may include statements related to the Company’s ability to outperform the ongoing recovery of the retail and REIT industry and the markets in which the Company’s mall properties are located, the Company’s ability to generate internal and external growth, the Company’s ability to identify and complete the acquisition of properties in new markets, the Company’s ability to complete redevelopment projects, and the Company’s ability to increase margins, including net operating income. For a description of factors that may cause the Company’s actual results or performance to differ from its forward-looking statements, please review the information under the heading “Risk Factors” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 and other documents filed by the Company with the Securities and Exchange Commission.
Rouse is a publicly traded real estate investment trust headquartered in New York City and was founded on a legacy of innovation and creativity. Among the country's largest publicly traded regional mall owners, the Company's geographically diverse portfolio spans the United States from coast to coast, and includes 34 malls in 21 states encompassing over 23.4 million square feet of retail space. For more information, visit www.rouseproperties.com.