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Taubman Nixes Common Shareholder Dividend, To Pay Preferred

Shopping Center REIT Cites Uncertain Economic Environment and Lack of Liquidity in Dividend Treatment, Still No Merger Date Set With Simon
The Gardens on El Paseo is one of the malls that Taubman closed on March 19 due to COVID-19. The mall reopened with limited hours on May 26. (CoStar)<br/>
The Gardens on El Paseo is one of the malls that Taubman closed on March 19 due to COVID-19. The mall reopened with limited hours on May 26. (CoStar)
By Jessica Stevenson
CoStar Research
June 9, 2020 | 8:23 P.M.

Updated on June 10 after Simon Property Group unexpectedly terminated is agreement to acquire Taubman's mall portfolio. CoStar will be reporting more on this developing story.

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