Trizec Properties, Inc.

Trizec Properties, Inc.

March 10, 2005 17:00 ET

Trizec Properties Declares First Quarter 2005 Dividend


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TRIZEC PROPERTIES, INC.

NYSE SYMBOL: TRZ
TSX SYMBOL: TZC.SV

MARCH 10, 2005 - 17:00 ET

Trizec Properties Declares First Quarter 2005 Dividend

CHICAGO--(CCNMatthews - Mar 10, 2005) -

Trizec Properties, Inc. (NYSE:TRZ) announced today that its Board of
Directors declared a quarterly dividend of $0.20 per common share to be
paid to the holders of record at the close of business on March 31,
2005. The cash dividend, which is payable on April 15, 2005, applies to
the First Quarter of 2005.

Trizec Properties, Inc., a real estate investment trust (REIT)
headquartered in Chicago, is one of the largest owners and operators of
commercial office properties in the United States. The Company has
ownership interests in and manages a high-quality portfolio of 52 office
properties totaling approximately 37 million square feet concentrated in
the metropolitan areas of seven major U.S. cities. The Company trades on
the New York Stock Exchange under the symbol TRZ. For more information,
visit Trizec's web site at www.trz.com or call toll free at 1 (800)
891-7017.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Trizec Properties, Inc.
    Investor Contact:
    Dennis C. Fabro, 312-798-6290
    or
    Media Contact:
    Rick Matthews, 312-798-6128