DDR Declares First Quarter 2016 Class J and Class K Preferred Share Dividends

BEACHWOOD, Ohio, March 8, 2016 /PRNewswire/ -- DDR Corp. DDR declared its first quarter 2016 Preferred Class J stock dividend of $0.406250 per depositary share and Preferred Class K stock dividend of $0.39063 per depositary share.

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Each Class J depositary share is equal to one-twentieth of a share of DDR's 6.50% Class J Cumulative Redeemable Preferred Stock. The declared Preferred Class J dividend covers the period beginning January 15, 2016 and ending April 14, 2016. The declared Preferred Class J Dividend is payable April 15, 2016 to shareholders of record at the close of business on April 1, 2016.

Each Class K depositary share is equal to one-twentieth of a share of DDR's 6.25% Class K Cumulative Redeemable Preferred Stock. The declared Preferred Class K dividend covers the period beginning January 15, 2016 and ending April 14, 2016. The declared Preferred Class K Dividend is payable April 15, 2016 to shareholders of record at the close of business on April 1, 2016.

About DDR Corp.
DDR is an owner and manager of 367 value-oriented shopping centers representing 115 million square feet in 38 states and Puerto Rico. The Company's assets are concentrated in high barrier-to-entry markets with stable populations and high growth potential and its portfolio is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the Company is available at www.ddr.com.

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SOURCE DDR Corp.