ACH reports 60 percent of dividend is return of capital.MANHATTAN BEACH Manhattan Beach, city (1990 pop. 32,063), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1912. It is a residential and beach community with an oil refinery and nearby factories that produce transportation and electrical equipment, computers, and pottery. , Calif.--(BUSINESS WIRE)--Jan. 30, 1996--Stuart Gulland, vice president-finance of Alexander Haagen Properties Inc., (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to ) announced that the company's 1995 dividend distribution resulted in a 60.05 percent return of capital for ACH shareholders. Gulland reported total dividends declared during 1995 of $1.44 per share and of that amount only 39.95 percent was ordinary taxable income Under the federal tax law, gross income reduced by adjustments and allowable deductions. It is the income against which tax rates are applied to compute an individual or entity's tax liability. The essence of taxable income is the accrual of some gain, profit, or benefit to a taxpayer. . The return of capital component of ACH's dividend is among the highest in the real estate investment trust community. Alexander Haagen Properties, a fully integrated, self-managed real estate investment trust, is a leading developer, owner and manager of retail shopping centers, primarily in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . The company now owns or controls 40 properties, including 14 neighborhood/community shopping centers, eight promotional/power centers, two enclosed malls, and 16 single-tenant centers. CONTACT: Alexander Haagen Properties Inc., Manhattan Beach Seymour Kreshek or Stuart Gulland, 310/546-4520 |
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