ACH reports 75.84 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. 15, 1997--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) announced that the company's 1996 dividend resulted in a 75.84 percent return of capital for ACH shareholders. The company reported total dividends declared during 1996 of $1.44 per share and of that amount only 24.16 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 owns or controls 38 properties, including two regional malls, eight promotional/power centers, 14 neighborhood/community shopping centers and 14 single-tenant facilities. CONTACT: Alexander Haagen Properties Inc., Manhattan Beach Stuart Gulland, 310/546-4520 |
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