News Column

DRA CRT Acquisition Corp. Declares Quarterly Dividend on Preferred Stock

September 6, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- DRA CRT Acquisition Corp. (the "Company"), announced that its Board of Directors has declared a regular quarterly cash dividend payment of $0.53125 per share on its 8-1/2% Series A Cumulative Redeemable Preferred Stock (the "Preferred Stock") to be paid on September 15, 2014 to shareholders of record on September 1, 2014. In addition, the Board has declared the cash dividends on its Preferred Stock that have cumulated but have not been declared since the date that the last quarterly dividend was declared and paid (September 15, 2011). The cumulative dividends, in the aggregate amount of $5.84375 per share for the 11 quarterly periods, will also be paid on September 15, 2014 to shareholders of record as of September 1, 2014.

The Company's 8-1/2% Series A Cumulative Redeemable Preferred Stock has been quoted on the OTC Pink market, operated by the OTC Markets Group, Inc., under the symbol "DCAQP."

As was previously announced, upon the completion, on September 27, 2005, of the merger of CRT Properties, Inc. ("CRT Properties") with and into the Company and the conversion of CRT Properties' 8-1/2% Series A Cumulative Redeemable Preferred Stock on a 1:1 basis into shares of 8-1/2% Series A Cumulative Redeemable Preferred Stock of the Company, such preferred stock was delisted from the New York Stock Exchange and the Company does not file periodic and other reports with the Securities and Exchange Commission.

Keywords for this news article include: Investment and Finance, DRA CRT Acquisition Corp..

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Source: Investment Weekly News


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