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BNP Residential Properties Announces Tax Characteristics of 2006 Dividends.


CHARLOTTE, N.C. -- 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 2006 dividends. We are releasing this information to aid those required to distribute Form 1099s on our dividends. This release is based on an estimate of "earnings and profits" as defined by the Internal Revenue Service. No material change in these classifications is expected.
                        Cash          Taxable
Record      Payable     Distribution  Ordinary  Return of
Date        Date        Per Share     Dividend  Capital

02/01/2006  02/15/2006  $0.26         $0.035    $0.225
05/01/2006  05/15/2006  $0.26         $0.035    $0.225
08/01/2006  08/15/2006  $0.26         $0.035    $0.225
11/01/2006  11/15/2006  $0.26         $0.035    $0.225

Totals                  $1.04         $0.14     $0.90


More information on BNP Residential Properties may be obtained on the Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
 through the company website at www.bnp-residential.com. Information requests may be e-mailed to the investor relations Investor relations

The process by which the corporation communicates with its investors.
 department at investor.relations@bnp-residential.com.
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Publication:Business Wire
Date:Jan 9, 2007
Words:164
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