CBL reestablishes regular quarterly dividend of $0.25/share; special dividend $75-125M expected in Q4

CBL & ASSOCIATES PROPERTIES INC

Board declared Q2 2022 dividend of $0.25 per common share, payable July 20 to holders of record July 11.
Annualized dividend rate $1.00 per share; cash position over $335M as of March 31, 2022.
Company expects regular Q3 and Q4 dividends and a special dividend of $75-125M to maintain REIT status.
CEO cites strong operating performance and attractive financing for reinstating the dividend.

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