DDR Declares First Quarter 2017 Class J and Class K Preferred Share Dividends

BEACHWOOD, Ohio, March 3, 2017 /PRNewswire/ -- DDR Corp. (NYSE:DDR) declared its first quarter 2017 Preferred Class J stock dividend of $0.406250 per depositary share and Preferred Class K stock dividend of $0.39063 per depositary share.

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, 2017, and ending April 14, 2017. The declared Preferred Class J Dividend is payable April 17, 2017, to shareholders of record at the close of business on March 31, 2017.

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, 2017, and ending April 14, 2017. The declared Preferred Class K Dividend is payable April 17, 2017, to shareholders of record at the close of business on March 31, 2017.

About DDR Corp.

DDR is an owner and manager of 319 value-oriented shopping centers representing 106 million square feet in 35 states and Puerto Rico. The Company owns a high-quality portfolio of open-air shopping centers in major metropolitan areas that provide a highly compelling shopping experience and merchandise mix for retail partners and consumers. The Company actively manages its assets with a focus on creating 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.