E-mail:
Walden
Residential


|
DIVIDEND
REINVESTMENT
AND STOCK PURCHASE PLAN |
|
Dividend Reinvestment |
Walden
Residential Properties, Inc. offers a Dividend
Reinvestment and Stock Purchase Plan (the
"Plan") which provides holders of
Common Stock with an opportunity to invest cash
distributions on shares of Common Stock without payment of any brokerage
commission or service charge. The Plan is
administered by The First National Bank of Boston
(the "Plan Agent"). The
price per share for the additional shares of
Common Stock purchased from Walden with
reinvested cash distributions will be 95% of the
Market Price on the Reinvestment Date.
|
Preferred Stocks |
The
Plan permits the holders of all series of
Walden's outstanding Preferred Stock to
participate in the Plan through the
reinvestment of dividends paid on such Preferred
Stock. |
Reinvestment Date |
Reinvestment
Date means each date on which a dividend is paid
on the shares of Stock, which Walden anticipates
to be March, June, September and December each
year, unless that date is not a trading day, in
which case the Reinvestment Date will be the next
succeeding trading day. |
|
E-mail:
Walden
Residential |
For
additional information, contact Investor Relations at
Walden Residential Properties, Inc. at (972) 788-0510,
write to 5400 LBJ Freeway, Suite 400, Dallas, TX 75240,
or fax (972) 788-1550 |