Ex-Div Reminder for Taubman Centers Series J Cumulative Redeemable Preferred Stock

On 9/12/13, Taubman Centers, Inc.'s 6.500% Series J Cumulative Redeemable Preferred Stock (NYSE: TCO.PRJ) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 9/30/13. As a percentage of TCO.PRJ's recent share price of $22.94, this dividend works out to approximately 1.77%, so look for shares of TCO.PRJ to trade 1.77% lower -- all else being equal -- when TCO.PRJ shares open for trading on 9/12/13. On an annualized basis, the current yield is approximately 7.09%, which compa...