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Dividend Capital Diversified Property Fund to Repurchase Shares

Dividend Capital Diversified Property Fund (DPF), a public reporting, daily NAV vehicle, recently announced its plans in regard to repurchasing shares for the second quarter.

On June 9, 2014 the DPF’s board of directors approved an increase in the Quarterly Redemption Cap for the second quarter of 2014 to the maximum possible amount of redemptions without exceeding the Aggregate Redemption Cap.

This increased Quarterly Redemption Cap is expected to be approximately $31.9 million which includes the additional amount the board of directors intends to make available. Through the June 15 deadline, the company had received requests to redeem approximately 18.0 million shares of common stock.

The company expects to repurchase approximately 29% of shares that were requested to be redeemed for the second quarter of 2014, based on the June 24, 2014 NAV of $6.97 per share.

In addition, DPF announced that for each class of its common stock a dividend of $0.0875 per share has been approved for the quarter ending September 30, 2014. The dividend will be payable to stockholders of record as of the close of business on each day from July 1, 2014 to September 30, 2014. The dividend will accrue daily and be paid no later than October 31, 2014.

Formerly known as Dividend Capital Total Realty Trust, DPF invests in a diversified portfolio of commercial real estate assets.

As of March 31, 2014, the company owned 68 properties totaling approximately 11.7 million square feet in 24 geographic markets.