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Exhibit 99.1
PRESS RELEASE
CONTACT:
DANIEL B. PLATT, CHIEF FINANCIAL OFFICER
TEL: 619-652-4700
FAX: 619-652-4711
[email protected]
BURNHAM PACIFIC ANNOUNCES SECOND QUARTER 2000 DIVIDEND
SAN DIEGO, June 1, 2000 -- Burnham Pacific Properties, Inc. (NYSE:BPP)
today announced it will pay a regular second quarter dividend of $0.2625 per
share. The dividend will be payable June 30, 2000 to shareholders of record on
June 20, 2000 and represents the 137th consecutive dividend paid by the Company.
In addition, to give interested parties sufficient time to review due
diligence materials and submit final transaction proposals in connection with
the Company's exploration of its strategic alternatives, the Company has
rescheduled the date for its annual meeting of stockholders to October 18, 2000.
Burnham Pacific is a real estate investment trust (REIT) that focuses on
value-added retail real estate opportunities throughout the United States. On a
quarterly basis, Burnham Pacific makes available supplemental information that
includes property and corporate level detail which is available upon request.
More information on Burnham Pacific may be obtained by calling 800.462.5181, or
visiting the Company's web site at WWW.BURNHAMPACIFIC.COM.
This news release contains forward-looking statements that predict or
indicate future events or trends or that do not relate to historical matters. We
cannot assure the future events or outcomes of the matters described in these
statements; rather, these statements merely reflect our current expectations of
the approximate outcome of the matter discussed. Investors should read the
documents the Company files from time to time with the SEC, including the risk
factors that were disclosed in our Form 10-K that was filed with the SEC on
March 30, 2000. You should be aware that the risk factors contained in that Form
10-K may not be exhaustive. Therefore, we recommend that you read the
information in that Form 10-K together with other reports and documents that we
file with the SEC from time to time, including our Forms 10-K, 10-Q and 8-K
which may supplement, modify, supersede or update those risk factors.
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