AMB Property Corp. Announces Form 1099-DIV Information for 1998.SAN FRANCISCO--(BUSINESS WIRE)--Jan. 20, 1999--AMB Property Corp. announced Tuesday Tuesday: see week. that 90.51 percent of its 1998 Common Share dividends qualify as ordinary income for tax purposes. None of the company's 1998 Common Share dividends qualify as return of capital, capital gain, or unrecaptured Section 1250 gain. The remaining 9.49 percent of the 1998 Common Share dividends, which were declared in December December: see month. 1998 and paid in January January: see month. 1999, will be reportable in 1999 pursuant to Sec. 857(b)(8) of the Internal Revenue Code The Internal Revenue Code is the body of law that codifies all federal tax laws, including income, estate, gift, excise, alcohol, tobacco, and employment taxes. These laws constitute title 26 of the U.S. Code (26 U.S.C.A. § 1 et seq. . The company also announced that 100% of the 1998 dividends on the company's Series A Cumulative Redeemable Redeemable Eligible for redemption under the terms of an indenture. Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. are ordinary dividends in 1998. The table below summarizes the income tax treatment of the Company's 1998 dividends: -0-
1998 Distribution Tax Reporting Information (Form 1099-DIV)
AMB Property Corp.
Common Stock
CUSIP No. 00163T109
Ticker Symbol: AMB
Distribution
Reportable
Cash on the 1998
Declaration Record Payable Distribution Form 1099-DIV
Dates Dates Dates ($ Per Share) ($ Per Share)
3/6/98 3/18/98 4/3/98 0.3425 0.3425
6/19/98 6/30/98 7/9/98 0.3425 0.3425
9/3/98 9/16/98 10/2/98 0.3425 0.3425
12/4/98 12/31/98 1/15/99 0.3425 0.2125
TOTALS 1.37 1.24
Distribution 1998
Applicable Ordinary 1998
to the 1999 Taxable Return
Declaration Record Payable Tax Year(a) Dividend of Capital
Dates Dates Dates ($ Per Share)($ Per Share) ($Per Share)
3/6/98 3/18/98 4/3/98 0.00 0.3425 0.00
6/19/98 6/30/98 7/9/98 0.00 0.3425 0.00
9/3/98 9/16/98 10/2/98 0.00 0.3425 0.00
12/4/98 12/31/98 1/15/99 0.13 0.2125 0.00
TOTALS 0.13 1.24 0.00
AMB Property Corporation
Series A Cumulative Redeemable Preferred Stock
CUSIP No. 00163T208
Ticker Symbol: AMB Pf A
Distribution
Reportable
Cash on the 1998
Declaration Record Payable Distribution Form 1099-DIV
Dates Dates Dates ($ Per Share) ($ Per Share)
9/3/98 9/16/98 10/15/98 0.460417 0.460417
12/4/98 12/31/98 1/15/99 0.531250 0.531250
TOTALS 0.991667 0.991667
Distribution 1998
Applicable Ordinary 1998
to the 1999 Taxable Return
Declaration Record Payable Tax Year(a) Dividend of Capital
Dates Dates Dates ($ Per Share)($ Per Share) ($Per Share)
9/3/98 9/16/98 10/15/98 0.00 0.460417 0.00
12/4/98 12/31/98 1/15/99 0.00 0.531250 0.00
TOTALS 0.00 0.99 0.00
-0- (a) A portion of the distributions payable Jan. 15, 1999 to Common Stock shareholders of record as of Dec. 31, 1998 are reportable on the 1998 Form 1099-DIV Form 1099-DIV A form sent to investors by investment fund companies. The form is a record of all taxable capital gains and dividends paid to an investor, including those that have been re-invested in a given taxation year. pursuant to Section 857(b)(8) of the Internal Revenue Code. The balance of these distributions will be reportable in the 1999 tax year. This information represents final income allocations. AMB AMB Ambient AMB Ambassador AMB Amber AMB Ambulance AMB Associação Médica Brasileira (Brazil) AMB Ambulatory AMB Advanced Memory Buffer (FBDIMM control unit on DRAM) Property Corp., one of the largest public REIT's in the country, is a national real estate operating company operating company A business that engages in transactions with outsiders. focusing on industrial properties and community shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into . As of Sept. 30, 1998, AMB owned and operated 64.5 million square feet, including 4.5 million square feet on behalf of its investment management clients. As of Sept. 30, 1998 the company owned 547 industrial buildings and 37 retail centers totaling 60 million square feet located in 29 markets nationwide including: Atlanta, Boston, Chicago, Dallas/Fort Worth, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Miami, Minneapolis, Northern New Jersey, San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay and Seattle. As of Sept. 30, 1998, the company had 90.3 million shares outstanding. |
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