CHICAGO, March 14 /PRNewswire/ -- Manufactured Home Communities, Inc. (NYSE: MHC) today announced that its Board of Directors declared a dividend of 44.50 cents per share, representing, on an annualized basis, a dividend of $1.78 per share. The dividend will be paid on April 13, 2001 to shareholders of record on March 30, 2001.

Manufactured Home Communities, Inc. owns or has a controlling interest in 149 quality communities in 23 states consisting of 50,899 sites. MHC is a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. For more information on MHC please visit our website at http://www.mhchomes.com .
SOURCE Manufactured Home Communities, Inc.
Web site: http: //www.mhchomes.com/
CONTACT: Marty McKenna of Manufactured Home Communities, Inc., 312-928-1901