BNP Residential Properties Announces Tax Characteristics of 2002 Dividends.Business Editors CHARLOTTE, N.C.--(BUSINESS WIRE)--Jan. 10, 2003 BNP BNP B-type natriuretic peptide, brain natriuretic peptide Physiology A 32-residue peptide hormone produced predominantly in the ventricles, secreted in response to fluid overload–eg, CHF. See Atrial natriuretic peptide. Residential Properties, Inc. (AMEX AMEX See: American Stock Exchange : BNP) announced today the tax characteristics of its 2002 dividends. We are releasing this information to aid those required to distribute Form 1099s on our dividends. This release is based on the results of work on our tax filings. No material change in these classifications is expected.
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Cash Taxable
Record Payable Distribution Ordinary Return of
Date Date Per Share Dividend Capital
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02/01/2002 02/15/2002 $0.31 19.4% 80.6%
05/01/2002 05/15/2002 $0.31 19.4% 80.6%
08/01/2002 08/15/2002 $0.31 19.4% 80.6%
11/01/2002 11/15/2002 $0.31 19.4% 80.6%
Totals $1.24
Company Overview: BNP Residential Properties, Inc. is a real estate investment trust focused on owning and operating apartment communities. We own and operate 18 apartment communities containing a total of 4,427 apartments and provide third-party management services for 11 apartment communities containing a total of 2,784 apartments. In addition to our apartment properties, we own 42 restaurant properties, which are leased on a triple net basis to a restaurant operator. We operate in the states of North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. and Virginia Virginia, state, United States Virginia, state of the south-central United States. It is bordered by the Atlantic Ocean (E), North Carolina and Tennessee (S), Kentucky and West Virginia (W), and Maryland and the District of Columbia (N and NE). . BNP Residential Properties, Inc. is structured as an UPREIT or umbrella partnership real estate investment trust. The Company is the sole general partner and owns a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in BNP Residential Properties Limited Partnership, the operating partnership. All of the Company's operations are conducted through the operating partnership. Information Requests: More information may be obtained by calling our Corporate Offices at (704) 944-0100 or on the Internet through our website at www.bnproperties.com. You may also e-mail information requests to our investor relations Investor relations The process by which the corporation communicates with its investors. department at investor.relations@bnproperties.com. |
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