BETHESDA, Md., Jan. 17, 2018 /PRNewswire/ -- Saul Centers,
Inc. (NYSE: BFS), an equity real estate investment trust (REIT),
announced today the income tax treatment of its 2017
dividends. The Company declared and paid four quarterly
dividends totaling $2.04 per share of
Common Stock during 2017. For tax purposes, 83.4% of the
dividends ($1.70 per common share)
are characterized as ordinary income, while 16.6% of the dividends
($0.34 per common share) are
characterized as return of capital. The information will be
reported to shareholders on Form 1099-DIV.
The Company declared and paid four dividends totaling
$1.71875 per depositary share on its
6.875% Series C Preferred Stock during 2017. For tax
purposes, 100.0% of the Preferred Stock dividends are characterized
as ordinary income. The information will be reported to
shareholders on Form 1099-DIV.
Saul Centers, Inc. is a
self-managed, self-administered equity REIT headquartered in
Bethesda, Maryland, which
currently operates and manages a real estate portfolio of 58
properties which includes (a) 49 community and neighborhood
shopping centers and six mixed-use properties with approximately
9.2 million square feet of leasable area and (b) three land and
development properties. Approximately 85% of the Saul Centers'
property operating income is generated by properties in the
metropolitan Washington,
DC/Baltimore area.
More information about Saul
Centers, Inc. is available on the Company's website at
www.SaulCenters.com.
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SOURCE Saul Centers, Inc.