AMB Property Corporation Announces Tax Treatment of 2000 Dividends.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Jan. 8, 2001 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 Corporation (NYSE NYSE See: New York Stock Exchange :AMB) today announced the tax treatment of its 2000 dividends on its Common Stock. During 2000, the company declared de·clare v. de·clared, de·clar·ing, de·clares v.tr. 1. To make known formally or officially. See Synonyms at announce. 2. To state emphatically or authoritatively; affirm. 3. and paid dividends totaling $1.48 per share, all of which are reportable as a 2000 distribution for tax purposes. The company's reportable 2000 dividends totaling $1.48 per share of Common Stock are classified for income tax purposes as follows: $1.2136 per share (82.0%) is classified as an Ordinary Taxable Dividend, $0.0712 per share (13.2%) is classified as a 25% Rate Capital Gain Dividend and $0.1952 (4.8%) per share is classified as a 20% Rate Capital Gain Dividend on the 2000 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. . The company also announced the tax treatment of its 2000 dividends on the company's 8.5% 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. (NYSE: AMB Pf A) totaling $2.125 per share. The $2.125 of 2000 reportable dividend is classified for income tax purposes as follows: $1.7425 per share (82.0%) is classified as an Ordinary Taxable Dividend, $0.1020 per share (13.2%) is classified as a 25% Rate Capital Gain Distribution and $0.2805 per share (4.8%) is classified as a 20% Rate Capital Gain Distribution on the 2000 Form 1099-DIV. The tables below summarize sum·ma·rize intr. & tr.v. sum·ma·rized, sum·ma·riz·ing, sum·ma·riz·es To make a summary or make a summary of. sum the income tax treatment of the company's 2000 dividends:
2000 Dividend Tax Reporting Information (Form 1099-DIV)
AMB Property Corporation
Common Stock
CUSIP No. 00163T109
Ticker Symbol: AMB
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2000 2000
Ordinary Return
Cash Taxable of
Dividend Dividend Capital
Declaration Record Dates Payable Dates ($ per ($ per ($ per
Dates share) share) share)
------------ ------------- -------------- --------- --------- --------
2/29/2000 4/5/2000 4/17/2000 $0.3700 $0.3034 $0.0000
------------ ------------- -------------- --------- --------- --------
5/24/2000 7/5/2000 7/17/2000 $0.3700 $0.3034 $0.0000
------------ ------------- -------------- --------- --------- --------
9/11/2000 10/4/2000 10/16/2000 $0.3700 $0.3034 $0.0000
------------ ------------- -------------- --------- --------- --------
12/1/2000 12/12/2000 12/22/2000 $0.3700 $0.3034 $0.0000
------------ ------------- -------------- --------- --------- --------
----------------------------------------- --------- --------- --------
2000 Totals $1.4800 $1.2136 $0.0000
----------------------------------------- --------- --------- --------
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2000 2000 25%
20% Capital Gain
Capital (unrecaptured
Gain ($ Section 1250
Declaration Record Dates Payable Dates per Gain) ($ per
Dates share) share)
------------ ------------- -------------- --------- --------------
2/29/2000 4/5/2000 4/17/2000 $0.0488 $0.0178
------------ ------------- -------------- --------- --------------
5/24/2000 7/5/2000 7/17/2000 $0.0488 $0.0178
------------ ------------- -------------- --------- --------------
9/11/2000 10/4/2000 10/16/2000 $0.0488 $0.0178
------------ ------------- -------------- --------- --------------
12/1/2000 12/12/2000 12/22/2000 $0.0488 $0.0178
------------ ------------- -------------- --------- --------------
----------------------------------------- --------- --------------
2000 Totals $0.1952 $0.0712
----------------------------------------- --------- --------------
AMB Property Corporation
Series A Cumulative Redeemable Preferred Stock
CUSIP No. 00163T208
Ticker Symbol: AMB Pf A
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2000 2000
Ordinary Return
Cash Taxable of
Dividend Dividend Capital
Declaration Record Payable ($ per ($ per ($ per
Dates Dates Dates share) share) share)
------------- ---------- ------------- ---------- ----------- --------
12/10/1999 1/5/2000 1/17/2000 $0.5313 $0.4356 $0.0000
------------- ---------- ------------- ---------- ----------- --------
2/29/2000 4/5/2000 4/17/2000 $0.5313 $0.4356 $0.0000
------------- ---------- ------------- ---------- ----------- --------
5/25/2000 7/5/2000 7/17/2000 $0.5313 $0.4356 $0.0000
------------- ---------- ------------- ---------- ----------- --------
9/11/2000 10/4/2000 10/16/2000 $0.5313 $0.4356 $0.0000
------------- ---------- ------------- ---------- ----------- --------
-------------------------------------- ---------- ----------- --------
2000 Totals $2.1250 $1.7425 $0.0000
-------------------------------------- ---------- ----------- --------
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2000 2000 25%
20% Capital Gain
Capital (unrecaptured
Gain ($ Section 1250
Declaration Record Payable per Gain) ($ per
Dates Dates Dates share) share)
------------- ---------- ------------- --------- ---------------
12/10/1999 1/5/2000 1/17/2000 $0.0701 $0.0255
------------- ---------- ------------- --------- ---------------
2/29/2000 4/5/2000 4/17/2000 $0.0701 $0.0255
------------- ---------- ------------- --------- ---------------
5/25/2000 7/5/2000 7/17/2000 $0.0701 $0.0255
------------- ---------- ------------- --------- ---------------
9/11/2000 10/4/2000 10/16/2000 $0.0701 $0.0255
------------- ---------- ------------- --------- ---------------
-------------------------------------- --------- ---------------
2000 Totals $0.2805 $0.1020
-------------------------------------- --------- ---------------
AMB Property Corporation is one of the leading owners and operators of industrial real estate nationwide. As of September September: see month. 30, 2000, AMB owned, managed and had renovation and development projects totaling 87 million square feet and 946 buildings in 25 metropolitan markets. AMB targets High Throughput The speed with which a computer processes data. It is a combination of internal processing speed, peripheral speeds (I/O) and the efficiency of the operating system and other system software all working together. 1. Distribution(TM) properties -- industrial properties located in major distribution markets near airports, seaports This is a list of the world's seaports: Atlantic Ocean
HTD Heat Transfer Division HTD Haste the Day (band) HTD High Torque Drive (synchronous belt drives) HTD HEDS Technology Demonstration (NASA) HTD Hit The Deck (TM) facilities are built for speed and benefit from barriers to entry due to their supply-constrained locations and proximity PROXIMITY. Kindred between two persons. Dig. 38, 16, 8. to large customer bases. AMB -- A tradition of nontraditional Adj. 1. nontraditional - not conforming to or in accord with tradition; "nontraditional designs"; "nontraditional practices" untraditional traditional - consisting of or derived from tradition; "traditional history"; "traditional morality" thinking(TM). This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. about business strategy and future plans, which are made pursuant to the safe-harbor provisions of Section 21E of the Securities Exchange Act of 1934. Forward-looking statements involve numerous risks and uncertainties and should not be relied upon as predictions of future events. The events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or reflected in our forward-looking statements might not occur. In particular, a number of factors could cause AMB's actual results to differ materially from those anticipated, including, among other things, defaults on or non-renewal of leases by tenants, increased interest rates and operating costs operating costs npl → gastos mpl operacionales , AMB's failure to obtain necessary outside financing, difficulties in identifying properties to acquire and in effecting acquisitions, AMB's failure to successfully integrate acquired properties and operations, AMB's failure to timely reinvest re·in·vest tr.v. re·in·vest·ed, re·in·vest·ing, re·in·vests To invest (capital or earnings) again, especially to invest (income from securities or funds) in additional shares. proceeds from any such dispositions, risks and uncertainties affecting property development and construction (including construction delays, cost overruns Noun 1. cost overrun - excess of cost over budget; "the cost overrun necessitated an additional allocation of funds in the budget" cost - the total spent for goods or services including money and time and labor , AMB's inability to obtain necessary permits and public opposition to these activities), AMB's failure to qualify and maintain our status as a real estate investment trust under 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. , environmental uncertainties, risks related to natural disasters, financial market fluctuations, changes in real estate and zoning laws and increases in real property tax rates. AMB's success also depends upon economic trends generally, including interest rates, income tax laws, governmental regulation, legislation and population changes. For further information on these and other factors that could impact AMB and the statements contained herein, reference should be made to AMB's filings with the Securities and Exchange Commission, including AMB's quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 2000. |
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