Glimcher Realty Trust Declares Quarterly Dividend

COLUMBUS, Ohio—December 19, 2008—Glimcher Realty Trust (NYSE: GRT), —

one of the country’s premier retail REITs, today announced that the company’s Board of Trustees has declared a quarterly cash dividend of $0.32 per common share.  This cash dividend is payable on January 15, 2009 to shareholders of record on December 31, 2008.

In addition, the company declared a quarterly cash dividend of $0.5469 per Series F preferred share of beneficial interest.  This cash dividend is payable on January 15, 2009 to shareholders of record on December 31, 2008.

Finally, the company declared a quarterly cash dividend of $0.5078 per Series G preferred share of beneficial interest.  The cash dividend is payable on January 15, 2009 to shareholders of record on December 31, 2008.   

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