Crescent Real Estate Announces First Quarter 2004 Common and Preferred Share Dividends

by C-BW@CLARI.NET (CRESCENT REAL ESTATE EQUITIES VIA BIZWIRE) on 2004-04-16 17:10:08

FORT WORTH, Texas--(BUSINESS WIRE)--April 16, 2004--Crescent Real
Estate Equities Company (NYSE:CEI) today announced that its Board of
Trust Managers has declared the following cash dividends for the
quarter ended March 31, 2004:



First Quarter 2004 Annualized
--------------------- ----------
Common $0.375000 $1.5000
6.75% Series A Convertible Preferred $0.421875 $1.6875
9.50% Series B Redeemable Preferred $0.593750 $2.3750


The dividends are payable May 14, 2004, to shareholders of record
on April 30, 2004.

ABOUT THE COMPANY

Celebrating its tenth year, Crescent Real Estate Equities Company
(NYSE:CEI) is one of the largest publicly held real estate investment
trusts in the nation. Through its subsidiaries and joint ventures,
Crescent owns and manages a portfolio of more than 75 premier office
buildings totaling more than 30 million square feet primarily located
in the Southwestern United States, with major concentrations in
Dallas, Houston, Austin, Denver, Miami and Las Vegas. In addition,
Crescent has investments in world-class resorts and spas and upscale
residential developments. For more information, visit the company's
website at http://www.crescent.com.