Capital Properties, Inc. Declares Dividend

EAST PROVIDENCE, R.I., April 26  /PRNewswire-FirstCall/ -- At its regular quarterly meeting on April 25, 2006 the Board of Directors of Capital Properties, Inc. (AMEX:CPI) declared a dividend of $.03 per share on the Company's outstanding Class A common stock payable on May 24, 2006 to shareholders of record as of the close of business on May 10, 2006.

Certain written statements made in this press release may contain "forward-looking statements," which represent the Company's expectations or beliefs concerning future events.  Certain risks, uncertainties and other important factors are detailed in reports filed by the Company with the Securities and Exchange Commission, including forms 8-K, 10-KSB and 10-QSB. The Company cautions that these statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements.

  CONTACT:
  Barbara J. Dreyer, Treasurer
  [phone]


DATASOURCE: Capital Properties, Inc.



CONTACT:  Barbara J. Dreyer, Treasurer of Capital Properties, Inc.,

[phone]

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