CLEVELAND, Jan. 29 /PRNewswire-FirstCall/ -- Associated Estates Realty
Corporation announced today that a quarterly dividend of $0.54375 per
one-tenth depositary share has been declared on the Company's 8.70% Class B
Series II Cumulative Redeemable Preferred Shares (NYSE: AECPRB)
(Nasdaq: AECPRB), payable on March 13, 2009 to shareholders of record on
February 27, 2009. Each depositary share represents one-tenth of a share of
the Company's 8.70% Class B Series II Cumulative Redeemable Preferred Shares.
Associated Estates Realty Corporation (AEC) is a real estate investment
trust ("REIT") and is a member of the Russell 2000. The Company is
headquartered in Richmond Heights, Ohio. AEC's portfolio consists of 52
properties containing 13,192 units located in nine states. For more
information about the Company, please visit its website at www.aecrealty.com.
For more information, please contact:
Kimberly Kanary
Vice President of Corporate Communications
216-797-8718
kkanary@aecrealty.com
