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143.95   21454.61

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87.79   6234.41

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WPG
-0.03   8.40

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  639.16

X

WASHINGTON PRIME GROUP

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WP Glimcher Board of Directors Declares Second Quarter Dividend

COLUMBUS, OH – May 17, 2016 – WP Glimcher Inc. (NYSE: WPG), a premier retail real estate investment trust specializing in the ownership, management and development of shopping centers, today announced that the Company’s Board of Directors declared a quarterly cash dividend on its common shares and operating partnership units. A cash dividend of $0.25 per common share and operating partnership unit was declared. The second quarter dividend is payable on June 15, 2016 to shareholders and operating partnership unit holders of record on June 3, 2016.

Additionally, the Board of Directors declared quarterly cash dividends of $0.4688 per Series H preferred share of beneficial interest, $0.4297 per Series I preferred share of beneficial interest, and $0.4563 per Series I-1 preferred unit of Preferred Limited Partnership Interest. Each of the cash dividends is payable on July 15, 2016 to shareholders and operating partnership unit holders of record on June 30, 2016.

About WP Glimcher
WP Glimcher Inc. is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties, including mixed-use, open-air and enclosed regional malls as well as community centers. The Company currently owns a material interest in and manages 118 shopping centers totaling more than 67 million square feet diversified by size, geography and tenancy. WP Glimcher combines a national real estate portfolio with an investment grade balance sheet, leveraging its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S. WP Glimcher® is a registered trademark of the Company. Learn more at www.wpglimcher.com.

Contact
Kimberly A. Green, Director of Investor Relations, 614.887.5647 or kim.green@wpglimcher.com