AMB Property Corporation(R) Announces Tax Treatment of 2009 Dividends
SAN FRANCISCO, Jan. 11 /PRNewswire-FirstCall/ -- AMB Property Corporation® (NYSE: AMB) today announced the tax treatment of its 2009 distributions on its Common Stock (NYSE: AMB), 6.5% Series L Cumulative Redeemable Preferred Stock (NYSE: AMB.PrL), 6.75% Series M Cumulative Redeemable Preferred Stock (NYSE: AMB.PrM), 7.0% Series O Cumulative Redeemable Preferred Stock (NYSE: AMB.PrO), and 6.85% Series P Cumulative Redeemable Preferred Stock (NYSE: AMB.PrP).
For holders of AMB Property Corporation® common stock, the 2009 dividend of $1.12 per share includes three quarterly distributions declared and paid in 2009, and one quarterly distribution declared in 2009 and paid in 2010.
These distributions are classified for income tax purposes as follows: $0.724 per share (64.63%) is classified as an Ordinary Taxable Dividend and $0.396 per share (35.37%) is classified as a Capital Gain Dividend on the 2009 Form 1099-DIV.
For the company's 6.5% Series L Cumulative Redeemable Preferred Stock (NYSE: AMB.PrL), the company's reportable 2009 dividends totaling $1.625 per share are classified for income tax purposes as follows: $1.050 per share (64.63%) is classified as an Ordinary Taxable Dividend and $0.575 per share (35.37%) is classified as a Capital Gain Dividend on the 2009 Form 1099-DIV.
For the company's 6.75% Series M Cumulative Redeemable Preferred Stock (NYSE: AMB.PrM), the company's reportable 2009 dividends totaling $1.6875 per share are classified for income tax purposes as follows: $1.0907 per share (64.63%) is classified as an Ordinary Taxable Dividend and $0.5968 per share (35.37%) is classified as a Capital Gain Dividend on the 2009 Form 1099-DIV.
For the company's 7.0% Series O Cumulative Redeemable Preferred Stock (NYSE: AMB.PrO), the company's reportable 2009 dividends totaling $1.750 per share are classified for income tax purposes as follows: $1.131 per share (64.63%) is classified as an Ordinary Taxable Dividend and $0.619 per share (35.37%) is classified as a Capital Gain Dividend on the 2009 Form 1099-DIV.
For the company's 6.85% Series P Cumulative Redeemable Preferred Stock (NYSE: AMB.PrP), the company's reportable 2009 dividends totaling $1.7125 per share are classified for income tax purposes as follows: $1.1068 per share (64.63%) is classified as an Ordinary Taxable Dividend and $0.6057 per share (35.37%) is classified as a Capital Gain Dividend on the 2009 Form 1099-DIV.
The tables below summarize the income tax treatment of the company's 2009 dividends:
2009 Dividend Tax Reporting Information (Form 1099-DIV)
AMB Property Corporation |
|||||||
Declaration Dates |
Record Dates |
Payable Dates |
2009 Cash Dividend ($ per share) |
2009 Ordinary Taxable Dividend ($ per share) |
2009 15% Capital Gain ($ per share) |
2009 25% Capital Gain (unrecaptured Section 1250 Gain) ($ per share) |
|
2/26/2009 |
4/6/2009 |
4/15/2009 |
$0.280000 |
$0.180973 |
$0.071876 |
$0.027151 |
|
6/8/2009 |
7/6/2009 |
7/15/2009 |
$0.280000 |
$0.180973 |
$0.071876 |
$0.027151 |
|
9/22/2009 |
10/5/2009 |
10/15/2009 |
$0.280000 |
$0.180973 |
$0.071876 |
$0.027151 |
|
12/10/2009 |
12/23/2009 |
1/7/2010 |
$0.280000 |
$0.180973 |
$0.071876 |
$0.027151 |
|
2009 Totals |
$1.120000 |
$0.723892 |
$0.287504 |
$0.108604 |
|||
AMB Property Corporation |
|||||||
Declaration Dates |
Record Dates |
Payable Dates |
2009 Cash Dividend ($ per share) |
2009 Ordinary Taxable Dividend ($ per share) |
2009 15% Capital Gain ($ per share) |
2009 25% Capital Gain (unrecaptured Section 1250 Gain) ($ per share) |
|
11/17/2008 |
1/5/2009 |
1/15/2009 |
$0.406250 |
$0.262573 |
$0.104284 |
$0.039393 |
|
2/26/2009 |
4/6/2009 |
4/15/2009 |
$0.406250 |
$0.262573 |
$0.104284 |
$0.039393 |
|
6/8/2009 |
7/6/2009 |
7/15/2009 |
$0.406250 |
$0.262573 |
$0.104284 |
$0.039393 |
|
9/22/2009 |
10/5/2009 |
10/15/2009 |
$0.406250 |
$0.262573 |
$0.104284 |
$0.039393 |
|
2009 Totals |
$1.625000 |
$1.050292 |
$0.417136 |
$0.157572 |
|||
AMB Property Corporation |
|||||||
Declaration Dates |
Record Dates |
Payable Dates |
2009 Cash Dividend ($ per share) |
2009 Ordinary Taxable Dividend ($ per share) |
2009 15% Capital Gain ($ per share) |
2009 25% Capital Gain (unrecaptured Section 1250 Gain) ($ per share) |
|
11/17/2008 |
1/5/2009 |
1/15/2009 |
$0.421875 |
$0.272672 |
$0.108295 |
$0.040908 |
|
2/26/2009 |
4/6/2009 |
4/15/2009 |
$0.421875 |
$0.272672 |
$0.108295 |
$0.040908 |
|
6/8/2009 |
7/6/2009 |
7/15/2009 |
$0.421875 |
$0.272672 |
$0.108295 |
$0.040908 |
|
9/22/2009 |
10/5/2009 |
10/15/2009 |
$0.421875 |
$0.272672 |
$0.108295 |
$0.040908 |
|
2009 Totals |
$1.687500 |
$1.090688 |
$0.433180 |
$0.163632 |
|||
AMB Property Corporation |
|||||||
Declaration Dates |
Record Dates |
Payable Dates |
2009 Cash Dividend ($ per share) |
2009 Ordinary Taxable Dividend ($ per share) |
2009 15% Capital Gain ($ per share) |
2009 25% Capital Gain (unrecaptured Section 1250 Gain) ($ per share) |
|
11/17/2008 |
1/5/2009 |
1/15/2009 |
$0.437500 |
$0.282771 |
$0.112305 |
$0.042424 |
|
2/26/2009 |
4/6/2009 |
4/15/2009 |
$0.437500 |
$0.282771 |
$0.112305 |
$0.042424 |
|
6/8/2009 |
7/6/2009 |
7/15/2009 |
$0.437500 |
$0.282771 |
$0.112305 |
$0.042424 |
|
9/22/2009 |
10/5/2009 |
10/15/2009 |
$0.437500 |
$0.282771 |
$0.112305 |
$0.042424 |
|
2009 Totals |
$1.750000 |
$1.131084 |
$0.449220 |
$0.169696 |
|||
AMB Property Corporation |
|||||||
Declaration Dates |
Record Dates |
Payable Dates |
2009 Cash Dividend ($ per share) |
2009 Ordinary Taxable Dividend ($ per share) |
2009 15% Capital Gain ($ per share) |
2009 25% Capital Gain (unrecaptured Section 1250 Gain) ($ per share) |
|
11/17/2008 |
1/5/2009 |
1/15/2009 |
$0.428125 |
$0.276712 |
$0.109899 |
$0.041514 |
|
2/26/2009 |
4/6/2009 |
4/15/2009 |
$0.428125 |
$0.276712 |
$0.109899 |
$0.041514 |
|
6/8/2009 |
7/6/2009 |
7/15/2009 |
$0.428125 |
$0.276712 |
$0.109899 |
$0.041514 |
|
9/22/2009 |
10/5/2009 |
10/15/2009 |
$0.428125 |
$0.276712 |
$0.109899 |
$0.041514 |
|
2009 Totals |
$1.712500 |
$1.106848 |
$0.439596 |
$0.166056 |
|||
AMB Property Corporation.® Local partner to global trade.™
AMB Property Corporation® is a leading owner, operator and developer of global industrial real estate, focused on major hub and gateway distribution markets in the Americas, Europe and Asia. As of September 30, 2009, AMB owned, or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total approximately 156.1 million square feet (14.5 million square meters) in 47 markets within 14 countries. AMB invests in properties located predominantly in the infill submarkets of its targeted markets. The company's portfolio comprises High Throughput Distribution® facilities--industrial properties built for speed and located near airports, seaports and ground transportation systems.
AMB's press releases are available on the company website at www.amb.com or by contacting the Investor Relations department at +1 415 394 9000.
SOURCE AMB Property Corporation
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