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Gramercy Capital Declares Dividend



By AP
19 March 2008 @ 11:24 am EST

NEW YORK - Gramercy Capital Corp. said Tuesday its board declared a quarterly dividend of 63 cents.

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The commercial real estate finance company said the dividend is payable April 15 to shareholders of record April 2, pending the anticipated closing of the company's buyout of American Financial Realty Trust, expected to take place March 31. If the closing is delayed, Gramercy said the record date for the dividend will be the first business day following the closing.

Copyright 2008 The Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

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