AvalonBay Communities Announces 2003 Dividend Income Tax Treatment.Business Editors ALEXANDRIA Alexandria, city, Egypt Alexandria, Arabic Al Iskandariyah, city (1996 pop. 3,328,196), N Egypt, on the Mediterranean Sea. It is at the western extremity of the Nile River delta, situated on a narrow isthmus between the sea and Lake Mareotis (Maryut). , Va.--(BUSINESS WIRE)--Jan. 8, 2004 AvalonBay Communities AvalonBay Communities, Inc. (NYSE: AVB) is an Alexandria, Virginia-based public real estate investment trust. The company specializes in acquiring, developing, redeveloping and managing high-quality apartment communities in high barrier-to-entry markets, such as the Northeast, , Inc. (NYSE/PCX: AVB AVB Allgemeine Versicherungsbedingungen AVB Armin Van Buuren (musician) AVB Atrioventricular Block AVB Association Vaincre le Bègaiement AVB Acappella Vocal Band (men's Christian a cappella group) ) reported today the following final income allocations of the Company's 2003 dividend distributions on its Common Stock and 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. as they will be reported on 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. .
Taxable
Declaration Record Payable Distribution Ordinary Return of
Date Date Date Per Share Income (1) Capital
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Common Shares (CUSIP #053484101)
02/13/03 04/01/03 04/15/03 $0.70000 $0.07700 $0.00000
05/13/03 07/01/03 07/15/03 0.70000 0.07700 0.00000
09/11/03 10/01/03 10/15/03 0.70000 0.07700 0.00000
12/10/03 12/31/03 01/15/04 0.70000 0.07700 0.00000
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Totals $2.80000 $0.30800 $0.00000
100% 11% 0%
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15% 20% Unrecap.
Declaration Record Payable Rate Rate Gain Section
Date Date Date Gain (2) 1250 Gain
-------------------------------------------------------------------
Common Shares (CUSIP #053484101)
02/13/03 04/01/03 04/15/03 $0.39200 $0.10500 $0.12600
05/13/03 07/01/03 07/15/03 0.39200 0.10500 0.12600
09/11/03 10/01/03 10/15/03 0.39200 0.10500 0.12600
12/10/03 12/31/03 01/15/04 0.39200 0.10500 0.12600
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Totals $1.56800 $0.42000 $0.50400
56% 15% 18%
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Taxable
Declaration Record Payable Distribution Ordinary Return of
Date Date Date Per Share Income (1) Capital
-------------------------------------------------------------------
Preferred Shares Series D (CUSIP #053484309)
12/11/02 02/28/03 03/17/03 $0.50000 $0.05500 $0.00000
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Totals $0.50000 $0.05500 $0.00000
100% 11% 0%
====================================
15% 20% Unrecap.
Declaration Record Payable Rate Rate Gain Section
Date Date Date Gain (2) 1250 Gain
-------------------------------------------------------------------
Preferred Shares Series D (CUSIP #053484309)
12/11/02 02/28/03 03/17/03 $0.28000 $0.07500 $0.09000
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Totals $0.28000 $0.07500 $0.09000
56% 15% 18%
====================================
Taxable
Declaration Record Payable Distribution Ordinary Return of
Date Date Date Per Share Income (1) Capital
-------------------------------------------------------------------
Preferred Shares Series H (CUSIP #053484705)
12/11/02 02/28/03 03/17/03 $0.54375 $0.05981 $0.00000
02/13/03 06/02/03 06/16/03 0.54375 0.05981 0.00000
05/13/03 08/29/03 09/15/03 0.54375 0.05981 0.00000
09/11/03 12/01/03 12/15/03 0.54375 0.05981 0.00000
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Totals $2.17500 $0.23924 $0.00000
100% 11% 0%
====================================
15% 20% Unrecap.
Declaration Record Payable Rate Rate Gain Section
Date Date Date Gain (2) 1250 Gain
-------------------------------------------------------------------
Preferred Shares Series H (CUSIP #053484705)
12/11/02 02/28/03 03/17/03 $0.30450 $0.08156 $0.09788
02/13/03 06/02/03 06/16/03 0.30450 0.08156 0.09788
05/13/03 08/29/03 09/15/03 0.30450 0.08156 0.09788
09/11/03 12/01/03 12/15/03 0.30450 0.08156 0.09788
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Totals $1.21800 $0.32624 $0.39152
56% 15% 18%
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Totals may not sum due to rounding differences. Additionally, the Company did not incur To become subject to and liable for; to have liabilities imposed by act or operation of law. Expenses are incurred, for example, when the legal obligation to pay them arises. An individual incurs a liability when a money judgment is rendered against him or her by a court. any foreign taxes, and the information above presents final income allocations. (1) None of the dividends classified as taxable ordinary income represents "qualified dividend income" and, therefore, are not eligible for capital gains rates. (2) Of the amount reported as 20-percent rate gain, for each class of stock listed above, 100-percent is "qualified five-year gain" and may be eligible for a reduced capital gain rate pursuant to 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. section 1(h)(2)(A) for some shareholders. About AvalonBay Communities, Inc. AvalonBay Communities, Inc., headquartered in Alexandria, Virginia Alexandria is an independent city in the Commonwealth of Virginia. As of the 2000 census, the city had a total population of 128,284. Located along the Western bank of the Potomac River, Alexandria is approximately 6 miles (9.6 kilometers) south of downtown Washington, DC. , currently owns or holds an ownership interest in 139 apartment communities containing 41,237 apartment homes in ten states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , of which ten communities are under construction and two communities are under reconstruction Reconstruction, 1865–77, in U.S. history, the period of readjustment following the Civil War. At the end of the Civil War, the defeated South was a ruined land. . AvalonBay is in the business of developing, redeveloping, acquiring and managing upscale apartment communities in high barrier-to-entry markets of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . More information on AvalonBay may be found on AvalonBay's Web site at http://www.avalonbay.com. Copyright (C) 2004 AvalonBay Communities, Inc. All Rights Reserved |
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