EXHIBIT 3.1
CEDAR SHOPPING CENTERS, INC.
ARTICLES SUPPLEMENTARY
87/8% Series A Cumulative Redeemable Preferred Stock
Cedar Shopping Centers, Inc., a Maryland corporation (the “Corporation”), hereby certifies to
the State Department of Assessments and Taxation of Maryland (the “Department”) that:
Article I. FIRST: By Articles Supplementary filed with the Department on July 27, 2004 (the “July
2004 Articles Supplementary”), the Corporation classified and designated 2,350,000 shares of
Preferred Stock (as defined in the Charter (defined below)) as shares
of 87/8% Series A Cumulative
Redeemable Preferred Stock (the “Series A Preferred Stock”), and set the preferences, conversion
and other rights, voting powers, restrictions, limitations as to dividends and other distributions,
qualifications, terms and conditions of redemption and other terms and conditions of such Series A
Preferred Stock. By Articles Supplementary filed with the Department on April 1, 2005 (the “April
2005 Articles Supplementary”), the Corporation classified and designated an additional 1,200,000
shares of Preferred Stock as Series A Preferred Stock, forming a single series with and having the
same preferences, conversion and other rights, voting powers, restrictions, limitations as to
dividends and other distributions, qualifications and terms and conditions of redemption of shares
of stock as the Series A Preferred Stock established pursuant to the July 2004 Articles
Supplementary.
Article II. SECOND: Under a power contained in Article IV of the Articles of Incorporation of the
Corporation, as amended and supplemented (the “Charter”), the Board of Directors of the Corporation
(the “Board of Directors”), by resolutions duly adopted at meetings duly called and held on August
16, 2010 and August 18, 2010 (the “Board Resolutions”), and the Pricing Committee of the Board of
Directors established by the Board Resolutions, by resolution duly adopted on August 18, 2010,
classified and designated an additional 2,850,000 shares of Preferred Stock as Series A Preferred
Stock (the “Additional Shares of Series A Preferred Stock”) and provided for the issuance thereof.
The Additional Shares of Series A Preferred Stock form a single series with and have the same
preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends
and other distributions, qualifications and terms and conditions of redemption of shares of stock
as the Series A Preferred Stock established pursuant to the July 2004 Articles Supplementary and
the April 2005 Articles Supplementary, all as set forth in the July 2004 Articles Supplementary and
the April 2005 Articles Supplementary. Upon any restatement of the Charter, Sections 1 and 2 of
this Article SECOND shall become part of Article IV of
the Charter, with such changes in enumeration as are necessary to complete such restatement.
Section 1. Number, Preferences and Other Rights.The number of Additional Shares of
Series A Preferred Stock shall be 2,850,000 and shall form a single series with the 3,550,000
shares of Series A Preferred Stock established pursuant to the July 2004 Articles Supplementary and
the April 2005 Articles Supplementary for a total of 6,400,000 shares of Preferred Stock classified
and designated as shares of Series A Preferred Stock. The Additional Shares of Series A Preferred
Stock shall have the same preferences, conversion and other rights, voting powers, restrictions,
limitations as to dividends and other distributions, qualifications and terms and conditions of
redemption of shares of stock as the 3,550,000 shares of Series A Preferred Stock established
pursuant to the July 2004 Articles Supplementary and the April 2005 Articles Supplementary, all as
set forth in the July 2004 Articles Supplementary and the April 2005 Articles Supplementary. The
par value of the Additional Shares of Series A Preferred Stock shall be $.01 per share.
Section 2. Distributions. Holders of the Additional Shares of Series A Preferred
Stock shall be entitled to receive the full amount of all distributions payable in respect of the
Series A Preferred Stock from the Distribution Payment Date immediately preceding the date of
original issuance of the Additional Shares of Series A Preferred Stock but shall not be entitled to
receive any distributions paid or payable with regard to Series A Preferred Stock prior to such
Distribution Payment Date.
THIRD: The Additional Shares of Series A Preferred Stock have been classified and
designated by the Board of Directors under the authority contained in the Charter.
FOURTH: These Articles Supplementary have been approved by the Board of Directors in
the manner and by the vote required by law.
FIFTH: The undersigned President of the Corporation acknowledges these Articles
Supplementary to be the corporate act of the Corporation and, as to all matters or facts required
to be verified under oath, the undersigned President acknowledges that to the best of his
knowledge, information and belief, these matters and facts are true in all material respects and
that this statement is made under the penalties for perjury.
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