New Plan Excel Realty Trust Announces Tax Allocations of 2005 Dividend Distributions
January 20 2006 - 5:14PM
PR Newswire (US)
NEW YORK, Jan. 20 /PRNewswire-FirstCall/ -- New Plan Excel Realty
Trust, Inc. (NYSE:NXL) today announced the tax allocations of the
2005 dividend distributions on its Common Shares and Preferred
Shares. Dividends paid on Common Shares totaled $4.55 per share in
2005, including a special cash distribution of $3.00 per Common
Share paid on September 27, 2005. COMMON SHARES (NYSE:NXL); CUSIP
#648053106 Payment Dates Paid Per Ordinary Long-Term Return of
Share Dividend Capital Capital Income Per Gain (Non- Share taxable)
1/18/05 $0.4125 $0.1124 $0.2964 $0.0037 4/15/05 $0.4125 $0.1124
$0.2964 $0.0037 7/15/05 $0.4125 $0.1124 $0.2964 $0.0037 9/27/05
$3.0000 $0.8174 $2.1558 $0.0268 10/17/05 $0.3125 $0.0852 $0.2246
$0.0027 Totals $4.5500 $1.2398 $3.2696 $0.0406 7.80 PERCENT SERIES
D CUMULATIVE STEP-UP PREMIUM RATE; CUSIP #648053700 Payment Dates
Paid Per Ordinary Long-Term Return of Share Dividend Capital
Capital Income Per Gain (Non- Share taxable) 1/18/05 $0.9750 $0.268
$0.707 - 4/15/05 $0.9750 $0.268 $0.707 - 7/15/05 $0.9750 $0.268
$0.707 - 10/17/05 $0.9750 $0.268 $0.707 - Totals $3.9000 $1.072
$2.828 - 7.625 percent Series E Cumulative Redeemable Preferred
(NYSE:NXLprE); CUSIP #6480538090 Payment Dates Paid Per Ordinary
Long-Term Return of Share Dividend Capital Capital Income Per Gain
(Non- Share taxable) 1/18/05 $0.47656 $0.13102 $0.34554 - 4/15/05
$0.47656 $0.13102 $0.34554 - 7/15/05 $0.47656 $0.13102 $0.34554 -
10/17/05 $0.47656 $0.13102 $0.34554 - Totals $1.90624 $0.52408
$1.38216 - The Company did not incur any foreign taxes in 2005. The
fourth quarter distributions declared on October 27, 2005, with a
record date of January 3, 2006 and paid on January 17, 2006, are
reportable for tax purposes in 2006. New Plan Excel Realty Trust,
Inc. is one of the nation's largest real estate companies, focusing
on the ownership and management of community and neighborhood
shopping centers. The Company operates as a self-administered and
self-managed REIT, with a national portfolio of 466 properties,
including 150 properties held through joint ventures, and total
assets of approximately $3.3 billion. The properties are
strategically located across 39 states and include 446 community
and neighborhood shopping centers, primarily grocery or name-brand
discount chain anchored, with approximately 63.5 million square
feet of gross leasable area, and 20 related retail real estate
assets, with approximately 1.8 million square feet of gross
leasable area. For additional information, please visit
http://www.newplan.com/. Certain statements in this release that
are not historical fact may constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results of the Company to differ materially from historical results
or from any results expressed or implied by such forward-looking
statements, including without limitation: national and local
economic, business, real estate and other market conditions; the
competitive environment in which the Company operates; financing
risks; possible future downgrades in our credit ratings; property
ownership / management risks; the level and volatility of interest
rates and changes in capitalization rates with respect to the
acquisition and disposition of properties; financial stability of
tenants; the Company's ability to maintain its status as a REIT for
federal income tax purposes; acquisition, disposition, development
and joint venture risks, including risks that developments and
redevelopments are not completed on time or on budget and
strategies, actions and performance of affiliates that the Company
may not control; potential environmental and other liabilities; and
other factors affecting the real estate industry generally. The
Company refers you to the documents filed by the Company from time
to time with the Securities and Exchange Commission, specifically
the section titled "Business-Risk Factors" in the Company's Annual
Report on Form 10-K for the year ended December 31, 2004, which
discuss these and other factors that could adversely affect the
Company's results. First Call Analyst: FCMN Contact:
sslater@newplan.com DATASOURCE: New Plan Excel Realty Trust, Inc.
CONTACT: Stacy Slater, Senior Vice President - Corporate
Communications, of New Plan Excel Realty Trust, Inc.,
+1-212-869-3000, or Web site: http://www.newplanexcel.com/
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