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Stock Market & Financial Investment News

News Breaks
January 29, 2013
08:02 EDTCCGCampus Crest increases dividend 3.1% to 66c
Campus Crest Communities announced that its Board of Directors approved an increase in the Company's annual common stock dividend from the current annual rate of 64c per share to 66c per share, representing an annualized dividend yield of 5.4% based on the Company's closing price of $12.27 on January 28, 2013. This increased dividend, which represents a 3.1% annual increase, commences with the payment of the first quarter of 2013 common stock dividend, payable on April 10 to all stockholders of record on March 27 and will amount to 16.5c per share on a quarterly basis. The Board of Directors also declared a cash dividend of 50c per Series A Cumulative Redeemable Preferred Share for the Q1.
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August 19, 2014
08:31 EDTCCGCampus Crest elects not to exercise Copper Beech purchase option
Campus Crest announced that it has elected not to exercise the first purchase option to acquire additional interests in the entities comprising the 37 property Copper Beech portfolio and will revert to a 48% economic interest in the portfolio. The company said, "As per the terms of the amended purchase and sale agreement, effective today we will hold a 48% economic interest in the 37 property portfolio. Separately, we maintain our 67% economic interest in the Copper Beech asset located in Ames, Iowa. Our earnings guidance released on July 31, which already assumed a 48% economic interest in Copper Beech, remains unchanged at this time.

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