DDR Declares Second Quarter 2014 Class J and Class K Preferred Share Dividends

BEACHWOOD, Ohio, June 10, 2014 /PRNewswire/ -- DDR Corp. DDR declared its second quarter 2014 Preferred Class J stock dividend of $0.406250 per depositary share and Preferred Class K stock dividend of $0.39063 per depositary share.

(Logo: http://photos.prnewswire.com/prnh/20131217/DDRLOGO )

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 April 15, 2014 and ending July 14, 2014. The declared Preferred Class J Dividend is payable July 15, 2014 to shareholders of record at the close of business on July 1, 2014.

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 April 15, 2014 and ending July 14, 2014. The declared Preferred Class K Dividend is payable July 15, 2014 to shareholders of record at the close of business on July 1, 2014.

About DDR Corp.
DDR is an owner and manager of 396 value-oriented shopping centers representing 108 million square feet in 39 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, as well as on Twitter, LinkedIn and Facebook.

SOURCE DDR Corp.