Saul Centers, Inc. Announces Tax Treatment of 2006 Dividends
January 09 2007 - 4:32PM
PR Newswire (US)
BETHESDA, Md., Jan. 9 /PRNewswire-FirstCall/ -- Saul Centers, Inc.
(NYSE:BFS), an equity real estate investment trust (REIT),
announced today the income tax treatment for its 2006 dividends.
The Company declared and paid four quarterly dividends totaling
$1.68 per share of Common Stock during 2006. For tax purposes,
86.0% of the dividends ($1.4448 per share) is characterized as
ordinary income, while 14.0% ($0.2352 per share) is characterized
as return of capital. The Company declared and paid four dividends
totaling $2.00 per depositary share of its 8% Preferred Stock
during 2006. For tax purposes, 100.0% of the dividends are
characterized as ordinary income. The information will be reported
to shareholders on Form 1099-DIV. Saul Centers is a self-managed,
self-administered equity real estate investment trust headquartered
in Bethesda, Maryland. Saul Centers currently operates and manages
a real estate portfolio of 46 community and neighborhood shopping
centers and office properties totaling approximately 7.7 million
square feet of leasable area. Over 80% of the Company's cash flow
is generated from properties in the metropolitan Washington,
DC/Baltimore area. DATASOURCE: Saul Centers, Inc. CONTACT: Scott V.
Schneider of Saul Centers, Inc., +1-301-986-6220 Web site:
http://www.saulcenters.com/
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