AvalonBay Communities Announces 2004 Dividend Income Tax Treatment.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. -- 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 2004 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
Date Date Date Per Share Income (1)
----------- ----------- ----------- ------------ --------------
Common Shares (CUSIP #053484101)
02/12/2004 04/01/2004 04/15/2004 $0.70000 $0.27300
05/05/2004 07/01/2004 07/15/2004 0.70000 0.27300
09/24/2004 10/01/2004 10/15/2004 0.70000 0.27300
12/23/2004 12/31/2004 01/18/2005 0.70000 0.27300
----------------------------
Totals $2.80000 $1.09200
100% 39%
============================
Unrecap.
Declaration Record Payable Return of Capital Section
Date Date Date Capital Gain 1250 Gain
----------- ----------- ----------- --------- --------- ---------
Common Shares (CUSIP #053484101)
02/12/2004 04/01/2004 04/15/2004 $- $0.35700 $0.07000
05/05/2004 07/01/2004 07/15/2004 - 0.35700 0.07000
09/24/2004 10/01/2004 10/15/2004 - 0.35700 0.07000
12/23/2004 12/31/2004 01/18/2005 - 0.35700 0.07000
------------------------------
Totals $- $1.42800 $0.28000
0% 51% 10%
==============================
Taxable
Declaration Record Payable Distribution Ordinary
Date Date Date Per Share Income (1)
----------- ----------- ----------- ------------ ------------
Preferred Shares Series H (CUSIP #053484705)
12/10/2003 03/01/2004 03/15/2004 $0.54375 $0.21206
02/12/2004 06/01/2004 06/15/2004 0.54375 0.21206
05/05/2004 09/01/2004 09/15/2004 0.54375 0.21206
09/24/2004 12/01/2004 12/15/2004 0.54375 0.21206
--------------------------
Totals $2.17500 $0.84824
100% 39%
==========================
Unrecap.
Declaration Record Payable Return of Capital Section
Date Date Date Capital Gain 1250 Gain
----------- ----------- ----------- --------- --------- ---------
Preferred Shares Series H (CUSIP #053484705)
12/10/2003 03/01/2004 03/15/2004 $- $0.27731 $0.05438
02/12/2004 06/01/2004 06/15/2004 - 0.27731 0.05438
05/05/2004 09/01/2004 09/15/2004 - 0.27731 0.05438
09/24/2004 12/01/2004 12/15/2004 - 0.27731 0.05438
-----------------------------
Totals $- $1.10924 $0.21752
0% 51% 10%
=============================
Totals may not sum due to rounding differences. Additionally, the
Company did not incur 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.
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 146 apartment communities containing 42,671 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 thirteen 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 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) 2005 AvalonBay Communities, Inc. All Rights Reserved |
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