Post Properties, Inc, an Atlanta-based real estate investment trust, today announced quarterly dividends on its common stock of $0.20 per share for the first quarter of 2010. The dividend is payable on April 15, 2010 to all common stock shareholders of record as of March 31, 2010.
Swiss bank UBS said on Friday it had frozen a $6 billion real estate fund as it could not keep up with redemption requests from wealth management clients.
The Jersey-based UBS Wealth Management Global Property Fund will be closed until the end of 2009. “Due to the strained liquidity situation in the market as a whole and the longer process for selling real estate, the fund can no longer handle all redemption requests without forcing remaining investors to suffer losses from emergency sales,” a spokeswoman for UBS said, confirming a report in Swiss newspaper Neue Zuercher Zeitung.
