Mack-Cali Declares Quarterly Dividend

CRANFORD, NJ-The board of directors of Mack-Cali Realty, the REIT based here, has declared a cash dividend of $0.63 per common share, a number that annualizes at $2.52 per common share, for the period of April 1 to June 30, 2003. The payout will be made on July 21 to shareholders of record as of July 3.

The REIT’s board has also declared a cash dividend of $0.6722 per depositary share, each representing 1/100th of a share of 8% Series C cumulative redeemable perpetual preferred stock ($25 liquidation value per depositary share) for the period of March 14 through July 14, 2003. The dividend will be paid on July 15 to shareholders of record as of July 3, 2003, according to company officials.

Mack-Cali’s currently owns or has interests in more than 260 properties totaling just under 29 million sf, mostly office and office/flex buildings in the Northeast. The company has a tenant base numbering approximately 2,100.