DDR Declares Third Quarter 2011 Class H and Class I Preferred Share Dividends

BEACHWOOD, Ohio, Sept. 15, 2011 /PRNewswire/ -- DDR Corp. (NYSE: DDR) declared its third quarter 2011 Preferred Class H stock dividend of $0.460938 per depositary share and Preferred Class I stock dividend of $0.46875 per depositary share.

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Each Class H depositary share is equal to one-twentieth of a share of DDR's 7.375% Class H Cumulative Redeemable Preferred Stock. The declared Preferred Class H dividend covers the period beginning July 15, 2011 and ending October 14, 2011. The declared Preferred Class H Dividend is payable October 17, 2011 to shareholders of record at the close of business on September 30, 2011.

Each Class I depositary share is equal to one-twentieth of a share of DDR's 7.5% Class I Cumulative Redeemable Preferred Stock. The declared Preferred Class I dividend covers the period beginning July 15, 2011 and ending October 14, 2011. The declared Preferred Class I Dividend is payable October 17, 2011 to shareholders of record at the close of business on September 30, 2011.

About DDR

DDR is an owner and manager of 546 primarily open-air, value-oriented shopping centers that leverages its retail knowledge to help tenants be successful and create value for its shareholders. DDR operates a total of 126 million square feet in 41 states, Puerto Rico and Brazil, concentrated in high barrier-to-entry markets with stable populations and high growth potential. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the company is available at www.ddr.com.

SOURCE DDR Corp.

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