American Land Lease, Inc. Continues Suspension
of Series A Preferred Dividends
May 28, 2010 07:03 AM Eastern Daylight Time
CLEARWATER, Fla.--(EON: Enhanced Online News)--American Land Lease, Inc. (the “Company”) announced
today that the Company’s Board of Directors determined not to declare a quarterly cash dividend on its 7.75%
Series A Preferred Shares, which quarterly cash dividend would otherwise have been payable on May 31, 2010.
The Board’s decision was based on the Company’s current capital resources and liquidity needs and the overall
state of the economy and capital markets. The Board intends to review the suspension of the Series A Preferred
dividends periodically based on the Board’s ongoing review of the Company’s financial results, capital resources and
liquidity needs, and the condition of the economy and capital markets. The Company noted that unpaid dividends on
the Series A Preferred Shares accumulate until paid.
About American Land Lease, Inc.
American Land Lease, Inc. is a Clearwater, Florida-based real estate investment trust that owns, develops and
manages residential land-lease communities primarily serving active adults. With approximately 8,600 home sites in
24 communities located in Florida and Arizona, American Land Lease, Inc. is committed to providing affordable,
free-spirited retirement living for active adults. For more information, visit www.AmericanLandLease.com
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995 that reflect management’s current views with respect to future events and financial performance.
The words “believes”, “expects”, “anticipates”, “estimates” and similar words or expressions are generally intended
to identify forward-looking statements. Actual results may differ materially from those expected because of various
risks and uncertainties, including, but not limited to, changes in general economic conditions, adverse changes in real