HMG HMG Courtland Properties Incorporated

COCONUT GROVE, FL--(Marketwired - Oct 21, 2013) - HMG/Courtland Properties, Inc. (NYSEMKT: HMG), announced today that its Board of Directors has declared a dividend of $4.00 per share on the Company's Common Stock payable on November 8, 2013 to shareholders of record as of November 1, 2013.

Cautionary Statement This release contains "forward-looking statements" that reflect the company's current expectations about its future plans, including dividends. These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statements, made by the company. Please refer to the company's most recent Form 10-K and subsequent filings for a further discussion of these risks and uncertainties. The company disclaims any obligation or intent to update the forward-looking statements in order to reflect events and circumstances after the date of the release.

HMG/COURTLAND PROPERTIES, INC. 1870 South Bayshore Drive Coconut Grove, Florida 33133 (305) 854-6803 Company Contacts: Maurice Wiener Larry Rothstein

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