Press Release: Crescent Real Estate
July 16, 2002
FORT WORTH, TX -- Crescent Real Estate Equities Company (NYSE:CEI) yesterday announced that its Board of Trust
Managers has declared cash dividends of $0.375 per share for the Company's Common Shares and $0.421875 per share
for the Company's 6 3/4% Series A Convertible Preferred Shares and $0.58715278 for the Company's 9.50% Series B
Redeemable Preferred Shares for the quarter ended June 30, 2002.
The dividends are equivalent to annualized dividends of $1.50 per share for the common shares and $1.6875 per share
for the Series A preferred shares and $2.375 per share for the Series B preferred shares. The dividends are all
payable August 15, 2002, to shareholders of record on July 31, 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 76 office buildings totaling over 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, 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