Company Website:
http://www.breproperties.com
SAN FRANCISCO -- (Business Wire)
BRE Properties, Inc. (NYSE:BRE) today announced the 2011 dividend tax
status of its distributions to shareholders. The 2011 distribution
classifications are:
|
| |
| 2011 Dividend Tax Status |
| |
|
| | |
| |
|
| |
|
| |
|
| |
|
| |
|
| | |
| Common Shares Distribution (CUSIP 05564E106): |
| Record Date |
|
| Payment Date |
|
| Cash Distribution Per Share |
|
| Taxable Ordinary Dividend |
|
| Qualifying Dividend |
|
| Long- Term Capital Gain |
|
| Unrecaptured Section 1250 Gain |
|
| Return of Capital |
|
|
3/15/2011
| | |
3/31/2011
| | |
$0.375000
| | |
$0.229444
| | |
$0.000000
| | |
$0.076915
| | |
$0.052915
| | |
$0.068641
|
|
|
6/15/2011
| | |
6/30/2011
| | |
$0.375000
| | |
$0.229444
| | |
$0.000000
| | |
$0.076915
| | |
$0.052915
| | |
$0.068641
| |
|
9/15/2011
| | |
9/30/2011
| | |
$0.375000
| | |
$0.229444
| | |
$0.000000
| | |
$0.076915
| | |
$0.052915
| | |
$0.068641
|
|
|
12/15/2011
| | |
12/30/2011
|
|
|
$0.375000
|
|
|
$0.229444
|
|
|
$0.000000
|
|
|
$0.076915
|
|
|
$0.052915
|
|
|
$0.068641
|
|
| | | | Total: |
|
| $1.500000 |
|
| $0.917776 |
|
| $0.000000 |
|
| $0.307660 |
|
| $0.211660 |
|
| $0.274564 |
|
| | | | Percentage: |
|
| 100% |
|
| 61% |
|
| 0% |
|
| 21% |
|
| 14% |
|
| 18% |
|
| | | | | | | | | | | | | | | | | | | | | | |
|
| Series C Preferred Distribution (CUSIP 05564E502): |
| Record Date |
|
| Payment Date |
|
| Cash Distribution Per Share |
|
| Taxable Ordinary Dividend |
|
| Qualifying Dividend |
|
| Long- Term Capital Gain |
|
| Unrecaptured Section 1250 Gain |
|
| Return of Capital |
|
|
3/15/2011
| | |
3/31/2011
| | |
$0.421875
| | |
$0.315959
| | |
$0.000000
| | |
$0.105916
| | |
$0.072867
| | |
$0.000000
| |
|
6/13/2011
| | |
6/13/2011
| (1) |
|
$0.346880
|
|
|
$0.259793
|
|
|
$0.000000
|
|
|
$0.087087
|
|
|
$0.059913
|
|
|
$0.000000
|
|
| | | | Total: |
|
| $0.768755 |
|
| $0.575752 |
|
| $0.000000 |
|
| $0.193003 |
|
| $0.132780 |
|
| $0.000000 |
|
| | | | Percentage: |
|
| 100% |
|
| 75% |
|
| 0% |
|
| 25% |
|
| 17% |
|
| 0% |
|
| | | | | | | | | | | | | | | | | | | | | | |
|
| Series D Preferred Distribution (CUSIP 05564E601): |
| Record Date |
|
| Payment Date |
|
| Cash Distribution Per Share |
|
| Taxable Ordinary Dividend |
|
| Qualifying Dividend |
|
| Long- Term Capital Gain |
|
| Unrecaptured Section 1250 Gain |
|
| Return of Capital |
|
|
3/15/2011
| | |
3/31/2011
| | |
$0.421875
| | |
$0.315959
| | |
$0.000000
| | |
$0.105916
| | |
$0.072867
| | |
$0.000000
| |
|
6/15/2011
| | |
6/30/2011
| | |
$0.421875
| | |
$0.315959
| | |
$0.000000
| | |
$0.105916
| | |
$0.072867
| | |
$0.000000
| |
|
8/15/2011
| | |
8/15/2011
| (2) | |
$0.270000
| | |
$0.202213
| | |
$0.000000
| | |
$0.067787
| | |
$0.046635
| | |
$0.000000
| |
|
9/15/2011
| | |
9/30/2011
| | |
$0.421875
| | |
$0.315959
| | |
$0.000000
| | |
$0.105916
| | |
$0.072867
| | |
$0.000000
| |
|
12/15/2011
| | |
12/30/2011
|
|
|
$0.421875
|
|
|
$0.315959
|
|
|
$0.000000
|
|
|
$0.105916
|
|
|
$0.072867
|
|
|
$0.000000
|
|
| | | | Total: |
|
| $1.957500 |
|
| $1.466049 |
|
| $0.000000 |
|
| $0.491451 |
|
| $0.338103 |
|
| $0.000000 |
|
| | | | Percentage: |
|
| 100% |
|
| 75% |
|
| 0% |
|
| 25% |
|
| 17% |
|
| 0% |
|
| | | | | | | | | | | | | | | | | | | | | | |
|
| (1) Series C Preferred were redeemed on 6/13/11. Amount
reflects 2011 dividend through redemption date.
|
| | | | | | | | | | | | | | | | | | | | | | |
|
| (2) 840,285 shares of Series C Preferred were repurchased on
8/15/11. Amount reflects 2011 dividend through repurchase date.
|
|
|
Wells Fargo Shareowner Services will distribute copies of IRS Form
1099-DIV to 2011 shareholders of record of BRE's common and preferred
stock. Shareholders who held BRE's stock in "street name" during 2011
will receive the form from their bank, brokerage or nominee. BRE
recommends shareholders consult a tax professional to determine how
distributions should be reported on state and federal tax forms.
In response to recently enacted Internal Revenue Code Section 6045B
requirements, BRE has posted to its website Internal Revenue Service
Form 8937 (Report of Organizational Actions Affecting Basis of
Securities) related to return of capital dividends on Common Stock, the
redemption of 4,000,000 of its 6.75% Series C Cumulative Redeemable
Preferred Stock on June 13, 2011, and the open market repurchase of
840,285 shares of outstanding 6.75% Series D Cumulative Redeemable
Preferred Stock on August 15, 2011 all of which may be found at www.breproperties.com/investors/taxinfo/.
About BRE Properties
BRE Properties, based in San Francisco, California, focuses on the
development, acquisition and management of apartment communities located
primarily in the major metropolitan markets of Southern and Northern
California and Seattle. BRE directly owns 78 multifamily communities
(totaling 21,971 units) and has joint venture interests in an additional
12 apartment communities (totaling 3,856 units). BRE Properties is a
real estate investment trust (REIT) listed in the S&P MidCap 400 Index.
For more information on BRE Properties, please visit our website at www.breproperties.com.
Contacts:
BRE Properties, Inc.
Investor Relations:
Stephanie T. Andre,
415-445-3745
Source: BRE Properties, Inc.
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