Saul Centers, Inc. Announces Tax Treatment of 2015 Dividends

14 Jan, 2016, 16:05 ET from Saul Centers, Inc.

BETHESDA, Md., Jan. 14, 2016 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust (REIT), announced today the income tax treatment of its 2015 dividends.  The Company declared and paid four quarterly dividends totaling $1.69 per share of Common Stock during 2015.  For tax purposes, 100.0% of the dividends ($1.69 per common share) are characterized as ordinary income.  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 2015.  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 REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 59 properties which includes (a) 56 community and neighborhood shopping centers and mixed-use properties with approximately 9.3 million square feet of leasable area and (b) 3 land and development properties. Approximately 85% of the Company's property operating income 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 www.SaulCenters.com.                

SOURCE Saul Centers, Inc.



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