Saul Centers, Inc. Announces Tax Treatment of 2009 Dividends
January 15 2010 - 12:33PM
PR Newswire (US)
BETHESDA, Md., Jan. 15 /PRNewswire-FirstCall/ -- Saul Centers, Inc.
(NYSE: BFS), an equity real estate investment trust (REIT),
announced today the income tax treatment for its 2009 dividends.
The Company declared and paid four quarterly dividends totaling
$1.53 per share of Common Stock during 2009. For tax purposes,
100.0% of the dividends ($1.53 per common share) are characterized
as ordinary income. The Company declared and paid four dividends
totaling $2.00 per depositary share on its Series A 8% Preferred
Stock during 2008. The Company also declared and paid four
dividends totaling $2.25 per depositary share on its Series B 9%
Preferred Stock during 2009. For tax purposes, 100.0% of all 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 52
community and neighborhood shopping centers and office properties
totaling approximately 8.4 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. More information
about Saul Centers, Inc. is available on the Company's website at
http://www.saulcenters.com/. 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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