Saul Centers, Inc. Announces Tax Treatment of 2009 Dividends

Jan 15, 2010, 12:33 ET from Saul Centers, Inc.

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 www.SaulCenters.com.

SOURCE Saul Centers, Inc.



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