CLEVELAND, Nov. 3, 2009 (GLOBE NEWSWIRE) — Associated Estates Realty Corporation (Nasdaq:AEC) (NYSE:AEC) announced today that a quarterly dividend of $0.54375 per one-tenth depositary share has been declared on the Company’s 8.70% Class B Series II Cumulative Redeemable Preferred Shares (NYSE:AECPRB) (Nasdaq:AECPRB), payable on December 15, 2009 to shareholders of record on November 30, 2009. Each depositary share represents one-tenth of a share of the Company’s 8.70% Class B Series II Cumulative Redeemable Preferred Shares.
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Associated Estates Declares Preferred Share Dividend
