CHICAGO, March 5 /PRNewswire-FirstCall/ -- Manufactured Home Communities, Inc. (NYSE: MHC) today announced that its Board of Directors declared a dividend of 47.5 cents per share, representing, on an annualized basis, a dividend of $1.90 per share. The dividend will be paid on April 12, 2002 to shareholders of record on March 27, 2002.

Manufactured Home Communities, Inc. owns or has a controlling interest in 148 quality communities in 23 states consisting of 50,761 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 www.mhchomes.com .

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SOURCE Manufactured Home Communities, Inc.
Web site: http: //www.mhchomes.com
CONTACT: Marty McKenna of Manufactured Home Communities, Inc., +1-312-928-1901