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COPT Declares Second Quarter 2016 Dividends

COLUMBIA, Md., May 12, 2016 (BUSINESS WIRE) -- The Board of Trustees of Corporate Office Properties Trust (“COPT” or the “Company”) OFC, +0.82% declared a quarterly dividend of $0.275 per Common Share of beneficial interest for the second quarter 2016, payable on July 15, 2016, to shareholders of record on June 30, 2016.

For the Series K and L Preferred Shares of beneficial interest of the Company listed below, the Board of Trustees declared dividends for the period commencing April 15, 2016, and ending July 14, 2016, payable on July 15, 2016, to shareholders of record on June 30, 2016.

Preferred Share Quarterly Dividend
Series K Cumulative Redeemable Preferred Share $0.70
Series L Cumulative Preferred Share $0.4609

Company Information

COPT is an office REIT that owns, manages, develops and selectively acquires office and data center properties in locations that support United States Government agencies and their contractors, most of whom are engaged in national security, defense and information technology (“IT”) related activities servicing priority missions (“Defense/IT Locations”). We also own a complementary portfolio of traditional Class-A office properties located in select urban/urban-like submarkets within our regional footprint (“Regional Office Properties”). As of March 31, 2016, we derived 86% of core portfolio annualized revenue from Defense/IT Locations and 14% from our Regional Office Properties. As of March 31, 2016, our core portfolio of 153 office properties encompassed 16.6 million square feet and was 93.3%...