Press Release: Crescent Real Estate Equities Company
February 1, 2002
FORT WORTH, TX -- Crescent Real Estate Equities Company (NYSE:CEI) yesterday announced the taxable allocations
of the 2001 dividend distributions on its common shares and on its 6 3/4% Series A Convertible Preferred Shares.
Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Crescent
Real Estate dividends.
Decla-
Security Ticker ration Record Payable
Description CUSIP Symbol Date Date Date
----------- ---------- --------- ---------- ----------- -----------
Common 225756-10-5 CEI 01/15/2001 01/31/2001 02/15/2001
Common 225756-10-5 CEI 04/13/2001 04/30/2001 05/15/2001
Common 225756-10-5 CEI 07/13/2001 07/31/2001 08/15/2001
Common 225756-10-5 CEI 10/15/2001 10/31/2001 11/15/2001
Totals
Totals as a Percentage
Cash
Distri- Taxable Return
Security bution Ordinary of
Description Per Share Dividend Capital
----------- ------------ ------------- -----------
Common 0.55 0.276713 0.273287
Common 0.55 0.276713 0.273287
Common 0.55 0.276713 0.273287
Common 0.375 0.188668 0.186332
Totals 2.025000 1.018807 1.006193
Totals as a Percentage 50.31% 49.69%
Decla-
Security Ticker ration Record Payable
Description CUSIP Symbol Date Date Date
----------- ---------- --------- ---------- ----------- ----------
Class A PFD 225756-20-4 CEI pfA 01/15/2001 01/31/2001 02/15/2001
Class A PFD 225756-20-4 CEI pfA 04/13/2001 04/30/2001 05/15/2001
Class A PFD 225756-20-4 CEI pfA 07/13/2001 07/31/2001 08/15/2001
Class A PFD 225756-20-4 CEI pfA 10/15/2001 10/31/2001 11/15/2001
Totals
Totals as a Percentage
Cash
Distri- Taxable Return
Security bution Ordinary of
Description Per Share Dividend Capital
----------- ------------ ------------- -----------
Class A PFD 0.422000 0.422000 0.000000
Class A PFD 0.422000 0.422000 0.000000
Class A PFD 0.422000 0.422000 0.000000
Class A PFD 0.422000 0.422200 0.000000
Totals 1.688000 1.688000 0.000000
Totals as a Percentage 100.00%
ABOUT THE COMPANY
Crescent Real Estate Equities Company (NYSE:CEI) is one of the largest publicly held real estate investment trusts
in the nation and, through its subsidiaries, owns and manages some of the country's most desirable properties.
Its portfolio consists primarily of 75 office buildings totaling over 28 million square feet located in six states
and 26 sub-markets primarily in the southwestern U.S., as well as world-renowned luxury resorts and spas and upscale
residential developments.
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Contact:
Crescent Real Estate Equities Company, Fort Worth
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