AmREIT Releases 2007 Dividend Tax Status.HOUSTON -- AmREIT (AMEX AMEX See: American Stock Exchange : AMY A`my´ n. 1. A friend. ), a Houston based real estate investment trust, announced today that 47% of the dividends paid to its Class A common shareholders in 2007 is classified for federal income tax purposes as a nontaxable distribution. The balance of common stock dividends paid is classified as either ordinary income, qualified or capital gains as outlined below. AmREIT Class A Shares CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. #032158107 [TABLE OMITTED] AmREIT Class B Shares CUSIP #032158206 [TABLE OMITTED] AmREIT Class C Shares CUSIP #032158305 [TABLE OMITTED] AmREIT Class D Shares CUSIP #032158404 [TABLE OMITTED] About AmREIT AmREIT (AMEX:AMY), headquartered in Houston, is a growing, full service real estate company that has delivered results to its investors for 23 years. AmREIT's mission is to build a real estate business with complementary operations that reduce AmREIT's overall sensitivity to changing market cycles - a company with strong earnings potential from multiple sources. This mission has led AmREIT into two distinct companies: our institutional grade portfolio of Irreplaceable Corners[TM] - premier retail properties in high-traffic, highly populated pop·u·late tr.v. pop·u·lat·ed, pop·u·lat·ing, pop·u·lates 1. To supply with inhabitants, as by colonization; people. 2. areas which are held for long-term value and provide a foundation to our growth through a steady stream of rental income Noun 1. rental income - income received from rental properties income - the financial gain (earned or unearned) accruing over a given period of time ; and our advisory/sponsorship business that broadens our access to capital and raises equity for a series of merchant development funds, resulting in recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. income from assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . As of September 30, 2007, AmREIT has over 1.3 million square feet in various stages of re-development, development or in the pipeline for both our advisory group and for third parties. AmREIT has offices in Dallas and San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . Please visit our website at www.amreit.com. Cautionary Notice Regarding Forward-Looking Information Certain of the statements in this press release are "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. " for purposes of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, and as such may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of AmREIT to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements, including statements about the value of, income produced by and effects of purchases by AmREIT and the funds it manages and statements about the markets in which AmREIT does business, are based on information presently available to management and are subject to various risks and uncertainties, including, without limitation, those described herein and in AmREIT's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2006 under the caption "Risk Factors," and in AmREIT's other SEC reports and filings, which may include updated and additional risk factors that you should consider. This press release should be read in conjunction with the Company's financial statements and related footnotes filed with the SEC, including, without limitation, the financial statements and footnotes set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2006. You should not place undue reliance on forward-looking statements, since the statements speak only as of the date that they are made. AmREIT has no obligation and does not undertake to publicly update, revise or correct any of the forward-looking statements after the date of this press release, or after the respective dates on which such statements otherwise are made, whether as a result of new information, future events or otherwise. |
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