Saul Centers, Inc. Announces Tax Treatment of 2004 Dividends
January 13 2005 - 9:53AM
PR Newswire (US)
Saul Centers, Inc. Announces Tax Treatment of 2004 Dividends
BETHESDA, Md., Jan. 13 /PRNewswire-FirstCall/ -- Saul Centers, Inc.
(NYSE:BFS), an equity real estate investment trust (REIT),
announced today the income tax treatment for its 2004 Common Stock
and Preferred Stock dividends. The Company declared and paid four
quarterly Common Stock dividends of $.39 per share each, totaling
$1.56 per share during 2004. For tax purposes, 80.0% of the Common
Stock dividend ($1.248 per share) is characterized as ordinary
income, while 20.0% ($.312 per share) is characterized as return of
capital. The Company declared and paid four Preferred Stock
dividends totaling $1.811 per depositary share during 2004. 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 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 40 community and neighborhood shopping
center and office properties totaling approximately 7.2 million
square feet of leasable area. Over 83% 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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