Duke Realty Corporation (NYSE:DRE) Announces the Income Tax Characteristics of its 2006 Common and Preferred Share Dividends.INDIANAPOLIS -- Duke Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Corporation (NYSE NYSE See: New York Stock Exchange :DRE DRE Digital rectal examination. Mentioned in: Rectal Examination ) announces the income tax characteristics of its 2006 common and preferred share dividends. For purposes of satisfying U.S. federal income tax withholding obligations under Section 1.1445-8 of the federal income tax regulations with respect to payments to foreign shareholders, Duke Realty Corporation characterizes the unrecaptured Section 1250 gain and 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. portions of the dividends described below as capital gain dividends.
[TABLE OMITTED]
(1) Qualified Dividend Income is a subset of, and is included in, the
Total Ordinary Income amount reported in box 1a.
(2) Unrecaptured Sec. 1250 Gain is a subset of, and is included in,
the Total Capital Gain Distribution amount reported in box 2a.
[TABLE OMITTED]
(1) Qualified Dividend Income is a subset of, and is included in, the
Total Ordinary Income amount reported in box 1a.
(2) Unrecaptured Sec. 1250 Gain is a subset of, and is included in,
the Total Capital Gain Distribution amount reported in box 2a.
For corporate shareholders, the Section 291(a) preference item is 1.6569% of total dividend distributions. The company did not incur any foreign taxes in 2006. Shareholders are encouraged to consult with their tax advisors A tax advisor is a financial expert especially trained in tax law. Some countries require tax advisors to verify the balance sheets of companies above a certain size. Individuals usually require tax advisors to minimize taxation, to avoid learning the details of tax law in as to their specific tax treatment of Duke Realty Corporation dividends. About Duke Realty Corporation Founded in 1972, Duke Realty Corporation develops commercial real estate in strategically selected markets by leveraging the expertise of local sales, construction and operations professionals. Duke is the largest publicly traded, vertically integrated office/industrial real estate company in 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. . Duke's properties encompass approximately 114 million rentable square feet leased by more than 3,500 tenants. Duke owns or controls more than 6,400 acres of undeveloped land that can support over 93 million square feet of additional development. Duke common stock is listed 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. under the symbol: DRE. Visit Duke on the web at www.dukerealty.com. |
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