May 2 2007
Associated Estates Realty Corporation Declares Preferred Share Dividend
CLEVELAND, May 2, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- 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), payable on June 15, 2007 to
shareholders of record on June 1, 2007. 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 is a real estate investment trust
("REIT"), headquartered in Richmond Heights, Ohio, a suburb of Cleveland. The
Company directly or indirectly owns, manages or is a joint venture partner in 99
multifamily properties containing a total of 20,650 units located in nine states. For more
information about the Company, please visit its website at: http://www.aecrealty.com/.
For more information, please contact:
Michael Lawson
Vice President of Investor Relations
216-797-8798
mlawson@aecrealty.com
Kimberly Kanary
Manager of Corporate Communications
216-797-8752
kkanary@aecrealty.com
SOURCE Associated Estates Realty Corporation
Michael Lawson, Vice President of Investor Relations, +1-216-797-8798,
mlawson@aecrealty.com, or Kimberly Kanary, Manager of Corporate Communications,
+1-216-797-8752, kkanary@aecrealty.com , both of Associated Estates Realty
Corporation
http://www.aecrealty.com/