Dividend Report!

We received $31.51 in dividends on our shares of Pennsylvania Real Estate Investment Trust (PEI), United Realty Investment Trust (UDR) and Glimscher Realty Trust (GRT) during the months of March and April. On March 17th, PEI paid $11.23. On April 15th, GRT paid $6.93 and on April 30th, UDR paid $13.35.

We received .48 shares of PEI, .58 fractional shares of GRT and .523 fractional shares of UDR. We now hold 22.247 GRT shares, 20.189 PEI shares and 40.996 UDR shares.

Dividend & Interest Income
This month: $31.51
Savings Interest 2007: 98 cents
Savings Interest 2006: $1.77
Dividends 2006: $34.30
Dividends 2007: $88.04
Dividends 2008: $54.82
Non-reinvested Dividends: $17.10
Total Dividends Received: $243.11 (Since 2003 merger of CWN & PEI)