Urstadt Biddle Properties Inc. Corrects Dividend Record Date and Payment Date for Its Common and Class A Common Stock

Yesterday, the Company announced that the Board of Directors had declared dividends on the Company's Class A Common Stock and Common Stock in the amounts of $0.265 for each share of Class A Common Stock and $0.235 for each share of Common Stock. The press release incorrectly identified the dividend record date and the dividend payment date. The dividends are payable April 17, 2017 (not April 14, 2017), as stated in the press release dated March 22, 2017, to stockholders of record on April 3, 2017 (not March 31, 2017), as stated in the press release dated March 22, 2017, as a result of April 14, 2017 being a holiday.

The declaration of regular quarterly dividends on the Company's Series F Preferred Stock and Series G Preferred Stock remains unchanged. Dividends in the amount of $0.4453125 for each share of Series F Preferred Stock and $0.421875 for each share of Series G Preferred Stock are payable April 28, 2017 to stockholders of record on April 14, 2017.

Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 76 properties containing approximately 4.9 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties. It has paid 188 consecutive quarters of uninterrupted dividends to its shareholders since its inception and has raised total dividends to its shareholders for the last 23 consecutive years.

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