Mack-Cali Realty Corporation Declares Fourth Quarter Cash Dividend

Business Wire, Dec 17, 1999

CRANFORD, NJ--(BUSINESS WIRE)--December 17, 1999--

Mack-Cali Realty Corporation (NYSE:CLI) today announced that its Board of Directors has declared a fourth quarter cash dividend of $0.58 per share (indicating an annual rate of $2.32 per share) for the period October 1, 1999 through December 31, 1999. The dividend will be paid on January 21, 2000 to shareholders of record as of January 4, 2000.

Mack-Cali Realty Corporation is a fully-integrated, self-administered, self-managed real estate investment trust(REIT) providing management, leasing, development, construction and other tenant-related services for its class A real estate portfolio. Mack-Cali owns or has interests in 254 properties, primarily office and office/flex buildings, totaling approximately 28.2 million square feet located in 12 states and the District of Columbia. The properties, which are primarily located in the Northeast, enable the Company to provide a full complement of real estate opportunities to its diverse base of over 2,400 tenants.

Additional information on Mack-Cali Realty Corporation is available on the Company's Web site at http://www.mack-cali.com.