Arden Realty, Inc. Reports Taxability of 2004 Dividends.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. -- Arden Realty, Inc. (NYSE NYSE See: New York Stock Exchange :ARI ARI Acute respiratory infection, see there ), a Los Angeles-based office real estate investment trust, today reported the tax treatment of its 2004 dividends, as follows:
Long-
Term
Capital Unrecaptured
Gain Sec. 1250
(15% Gain Return
Record Payment Ordinary Rate (25% Rate of
Date Date Income Gain) Gain) Capital Total
---------- --------- -------- ------- ------------ ------- -------
12/31/03 01/21/04 $0.178 $0.062 $0.049 $0.216 $0.505
03/31/04 04/21/04 0.178 0.062 0.049 0.216 0.505
06/30/04 07/21/04 0.178 0.062 0.049 0.216 0.505
09/30/04 10/20/04 0.178 0.062 0.049 0.216 0.505
-------- ------- ------------ ------- -------
$0.712 $0.248 $0.196 $0.864 $2.020
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35.25% 12.28% 9.70% 42.77% 100.00%
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Arden Realty, Inc. encourages all shareholders to consult with their personal tax advisors A tax advisor is a financial expert especially trained in tax law. Some countries require tax advisors to verify the balance sheets of companies above a certain size. Individuals usually require tax advisors to minimize taxation, to avoid learning the details of tax law in regarding the specific tax treatment of their Arden Realty, Inc. dividends. Arden Realty, Inc. is a self-administered, self-managed REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). that owns, manages, leases, develops, renovates and acquires commercial office properties located 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, . Arden is the largest publicly traded office landlord in Southern California, with 120 properties, consisting of 193 buildings and approximately 18.2 million net rentable square feet of office space, including one building with 99,000 square feet under renovation. For more information on the company, visit the Arden website at http://www.ardenrealty.com. Statements in this news release that are not historical may be deemed 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. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Although the company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from the company's expectations include the availability and cost of capital for future investments, competition within the industry, real estate and economic conditions, and other risks detailed from time to time in the company's Securities and Exchange Commission filings. |
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