DDR Declares Fourth Quarter 2011 Class H and Class I Preferred Share Dividends

Dec 15, 2011

BEACHWOOD, Ohio, Dec. 15, 2011 /PRNewswire/ -- DDR Corp. (NYSE: DDR) declared its fourth quarter 2011 Preferred Class H stock dividend of $0.460938 per depositary share and Preferred Class I stock dividend of $0.46875 per depositary share.

Each Class H depositary share is equal to one-twentieth of a share of DDR's 7.375% Class H Cumulative Redeemable Preferred Stock. The declared Preferred Class H dividend covers the period beginning October 15, 2011 and ending January 14, 2012. The declared Preferred Class H Dividend is payable January 17, 2012 to shareholders of record at the close of business on December 30, 2011.

Each Class I depositary share is equal to one-twentieth of a share of DDR's 7.5% Class I Cumulative Redeemable Preferred Stock. The declared Preferred Class I dividend covers the period beginning October 15, 2011 and ending January 14, 2012. The declared Preferred Class I Dividend is payable January 17, 2012 to shareholders of record at the close of business on December 30, 2011.

About DDR

DDR is an owner and manager of 538 value-oriented shopping centers representing 134 million square feet in 41 states, Puerto Rico and Brazil. The company's assets are concentrated in high barrier-to-entry markets with stable populations and high growth potential and its portfolio is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the company is available at www.ddr.com.

SOURCE DDR Corp.

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