General Growth Properties Declares Common and Preferred Dividends

CHICAGO--(BUSINESS WIRE)--

General Growth Properties, Inc. GGP (the "Company") today announced its Board of Directors declared a first quarter common stock dividend of $0.17 per share payable on April 30, 2015, to stockholders of record on April 15, 2015. The dividend represents an increase of $0.02 per share, or approximately 13%, from the first quarter 2014 common stock dividend.

The Board of Directors also declared a quarterly dividend on the 6.375% Series A Cumulative Redeemable Preferred Stock GGP of $0.3984 per share payable on April 1, 2015, to stockholders of record on March 16, 2015.

General Growth Properties, Inc.

General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.