Macerich (MAC) Declares $2.00 Special Dividend; 2.4% Yield

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Go back to Macerich (MAC) Declares $2.00 Special Dividend; 2.4% Yield

Macerich Closes Joint Venture And Declares Two Special Dividends

November 2, 2015 6:00 AM EST

SANTA MONICA, Calif., Nov. 2, 2015 /PRNewswire/ -- The Macerich Company (NYSE: MAC) today announced it has closed on the first of three joint ventures.  Macerich contributed interests in Lakewood Center, Los Cerritos Center, South Plains Mall and Washington Square.  Cash proceeds to Macerich total $1.5 billion, including $964 million in excess loan proceeds to the Company.  GIC will have a 40% interest in the malls.  The assets included in this joint venture are:

Property

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