Brixmor Property Group Announces Dividend Reinvestment And Direct Stock Purchase Plan

NEW YORK, Feb. 17, 2015 /PRNewswire/ -- Brixmor Property Group Inc. BRX ("Brixmor" or the "Company") announced today that it has adopted a Dividend Reinvestment and Direct Stock Purchase Plan (the "Plan"). The Plan has two components: a dividend reinvestment component and a direct stock purchase component. The dividend reinvestment component allows stockholders of the Company's common stock ("Common Stock") to designate all or a portion of the cash dividends on their shares of Common Stock for reinvestment in additional shares of Common Stock. The direct stock purchase component allows stockholders and new investors to purchase shares of Common Stock without a personal broker.  There will be no transaction or processing fees, expenses or service charges on shares of Common Stock purchased through dividend reinvestments under the Plan or on optional cash investments in Common Stock without a personal broker.

As announced February 9, 2015, the Company's Board of Directors declared a quarterly cash dividend of $0.225 per common share (equivalent to $0.90 per annum) for the first quarter of 2015. The dividend is payable on April 15, 2015 to stockholders of record on April 6, 2015, representing an ex-dividend date of April 1, 2015.  Stockholders must enroll in the dividend reinvestment component of the Plan by 5:00 PM ET on April 6, 2015 for these dividends to qualify for participation in the Plan. 

The Plan will be administered through the Company's transfer agent, Computershare Trust Company, N.A. ("Computershare"). Computershare will purchase shares for the Plan either in the open market, directly from the Company as newly issued shares of Common Stock, or in privately negotiated transactions with third parties, as described in the Plan. Stockholders and other persons may obtain a copy of the Plan prospectus, enrollment and optional investment forms by contacting Computershare at (877) 373-6374 or (781) 575-2879, if outside the United States, or visiting Computershare's website at www.computershare.com/investor.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities. The offer is being made solely through the Plan prospectus.

About Brixmor Property Group
Brixmor owns and operates the nation's largest wholly owned portfolio of grocery-anchored community and neighborhood shopping centers, with 521 properties aggregating approximately 87 million square feet of gross leasable area located primarily across the top 50 U.S. metro markets.  Brixmor leverages its national footprint, local market knowledge and operational expertise to support the growth of its retail tenants. The Company is focused on maximizing the value of its portfolio through its extensive leasing capabilities and anchor space repositioning / redevelopment platform. Headquartered in New York City, the Company is the largest landlord to The TJX Companies and The Kroger Company.  For additional information, please visit www.brixmor.com.

Safe Harbor Language
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  These statements include, but are not limited to, statements related to the Company's expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements.  You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2013, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov.  Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

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SOURCE Brixmor Property Group Inc.