Bedford Property Investors, Inc. Announces Tax Treatment of Dividends Declared in 2005.LAFAYETTE Lafayette (lä'fēĕt`, lăf'ēĕt`). 1 City (1990 pop. 23,501), Contra Costa co., NW Calif., a residential suburb in the San Francisco–Oakland area; settled 1848, inc. 1968. , Calif. -- Bedford Bedford, town, England Bedford, town (1991 pop. 75,632), county seat of Bedfordshire, central England, on the Ouse River. It is an important industrial center; diesel engines, pumps, turbines, agricultural machinery, electrical equipment, and transistors Property Investors, Inc. (NYSE NYSE See: New York Stock Exchange :BED) presents in the following table the income tax treatment of the dividends on its common stock, CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. #076 446 301, declared de·clare v. de·clared, de·clar·ing, de·clares v.tr. 1. To make known formally or officially. See Synonyms at announce. 2. To state emphatically or authoritatively; affirm. 3. in 2005:
Record Payable Distribution Ordinary L-T Capital Unrecaptured
Date Date Per Share Income Gains Sec. 1250 Gain
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3/31/05 4/15/05 $ 0.510000 $0.107610 $ 0.402390 $ 0.155091
6/30/05 7/15/05 0.510000 0.107610 0.402390 0.155091
9/30/05 10/17/05 0.510000 0.107610 0.402390 0.155091
12/30/05 1/17/06 0.510000 0.107610 0.402390 0.155091
12/30/05 1/17/06 1.640000 0.346040 1.293960 0.498724
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TOTAL $ 3.680000 $0.776480 $ 2.903520 $ 1.119088
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Bedford Property Investors, Inc. presents in the following table the income tax treatment of the dividends on its Series A 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. , CUSIP #076 446 509, declared in 2005:
Record Payable Distribution Ordinary L-T Capital Unrecaptured
Date Date Per Share Income Gains Sec. 1250 Gain
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3/31/05 4/15/05 $ 1.093750 $0.230781 $ 0.862969 $ 0.332609
6/30/05 7/15/05 1.093750 0.230781 0.862969 0.332610
9/30/05 10/17/05 1.093750 0.230781 0.862969 0.332609
12/30/05 1/17/06 1.093750 0.230782 0.862968 0.332610
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TOTAL $ 4.37500 $0.923125 $ 3.451875 $ 1.330438
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Bedford Property Investors, Inc. presents in the following table the income tax treatment of the dividends on its Series B preferred stock, CUSIP #076 446 608, declared in 2005:
Record Payable Distribution Ordinary L-T Capital Unrecaptured
Date Date Per Share Income Gains Sec. 1250 Gain
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3/31/05 4/15/05 $ 0.476560 $0.100554 $ 0.376006 $ 0.144922
6/30/05 7/15/05 0.476560 0.100554 0.376006 0.144922
9/30/05 10/17/05 0.476560 0.100554 0.376006 0.144922
12/30/05 1/17/06 0.476560 0.100555 0.376005 0.144922
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TOTAL $ 1.906240 $0.402217 $ 1.504023 $ 0.579688
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The Company's dividend distribution per share of its common stock and its Series A and B preferred stock in 2005 is classified for income tax purposes as follows: --78.90% as long-term capital gain Long-term capital gain A profit on the sale of a security or mutual fund share that has been held for more than one year. , of which 38.54% is unrecaptured section 1250 gain. --21.10% as taxable ordinary income, none of which is eligible for treatment as "Qualified Income Dividends." Bedford Property Investors, Inc. is a self-administered equity real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) with investments in suburban office buildings and industrial properties concentrated in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . Its common stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and the Pacific Exchange under the symbol "BED" and its web site is www.bedfordproperty.com. |
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