Press Release: Crescent Real Estate Equities Company
April 15, 2002
FORT WORTH, TX -- Crescent Real Estate Equities Company (NYSE: CEI) Friday announced that its Board of Trust Managers
has declared cash dividends of $0.375 per share for the Company's Common Shares and $0.422 per share for the Company's
6 3/4% Series A Convertible Preferred Shares for the quarter ended March 31, 2002. The dividends are equivalent
to annualized dividends of $1.50 per share and $1.69 per share for common and preferred, respectively. The dividends
are both payable May 15, 2002, to shareholders of record on April 30, 2002.
ABOUT THE COMPANY
Crescent Real Estate Equities Company, through its subsidiaries, owns and manages some of the highest quality properties
in the country. Its portfolio consists primarily of 73 office buildings totaling nearly 28 million square feet
located in six states, as well as world-renowned luxury resorts and spas and upscale residential developments.
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Contact:
Crescent Real Estate Equities Company
Investors:
Jane E. Mody, 817/321-1086
or
Jerry R. Crenshaw, 817/321-1492
or
Keira B. Moody, 817/321-1412
or
Media:
Sandra Porter, 817/321-1460