Duke Realty Corporation Announces the Income Tax Characteristics of its 2002 Common and Preferred Share Dividends.Business Editors INDIANAPOLIS--(BUSINESS WIRE)--Jan. 22, 2003 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 2002 common and preferred share dividends. For purposes of satisfying U.S. federal income tax withholding Withholding Any tax that is taken directly out of an individual's wages or other income before he or she receives the funds. Notes: In other words, these funds are "withheld" from your wages. 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.
Common Share Dividends:
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Duke Realty Corporation
Ticker Symbol DRE, CUSIP # 264411505.
Non-
taxable
Long-Term Return
Payment Distribution Ordinary Unrecaptured Capital of
Date per Share Dividend Section 1250 Gain Gain Capital
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2/28/02 $0.450 0.351817 0.001579 0.004254 0.092350
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5/31/02 $0.450 0.351817 0.001579 0.004254 0.092350
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8/30/02 $0.455 0.355727 0.001597 0.004301 0.093376
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11/29/02 $0.455 0.355727 0.001597 0.004301 0.093376
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$1.810 1.415088 0.006352 0.017109 0.371451
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100% 78.1817% 0.3509% 0.9452% 20.5222%
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Preferred Share Dividends:
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Long-Term
Total 2002 Ordinary Unrecaptured Capital
Ticker Distribution Taxable Section Gain Gain
Security Symbol CUSIP # Per Share Dividend 1250 (20%)
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Preferred Not 264411885 $3.995000 3.943218 0.014020 0.037762
Series listed
"B" 100.0% 98.7039% 0.3509% 0.9452%
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Preferred DRE PRD 264411877 $1.843760 1.819862 0.006470 0.017428
Series
"D" 100.0% 98.7039% 0.3509% 0.9452%
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Preferred DRE PRE 264411844 $2.062520 2.035786 0.007238 0.019496
Series
"E" 100.0% 98.7039% 0.3509% 0.9452%
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Preferred DRE PRF 264411828 $1.888890 1.864407 0.006629 0.017854
Series
"F" 100.0% 98.7039% 0.3509% 0.9452%
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Preferred DRE PRI 264411810 $2.112520 2.085138 0.007414 0.019968
Series
"I" 100.0% 98.7039% 0.3509% 0.9452%
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For corporate shareholders, the Section 291(a) preference item is 0.0702% of the total dividend distributions. The company did not incur To become subject to and liable for; to have liabilities imposed by act or operation of law. Expenses are incurred, for example, when the legal obligation to pay them arises. An individual incurs a liability when a money judgment is rendered against him or her by a court. any foreign taxes in 2002. 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. Duke Realty Corporation is the largest publicly traded office and 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. and a member of the Forbes Forbes , B(ertie) C(harles) 1880-1954. American publisher and businessman who founded and edited (1916-1954) Forbes magazine. His son Malcolm Stevenson Forbes Super 500. Offering a complete range of real estate products and services, Duke produces approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $800 million in annual revenue from approximately 4,300 tenants and focuses on building dominant market positions in each of its 13 geographic platforms across the Midwest Midwest or Middle West, region of the United States centered on the western Great Lakes and the upper-middle Mississippi valley. It is a somewhat imprecise term that has been applied to the northern section of the land between the Appalachians and the Sunbelt Sunbelt Region, south and southwestern U.S. It is characterized by a warm climate, rapid population growth since 1970, and relatively conservative voting patterns. Comprising 15 states, it extends from Virginia and Florida in the southeast through Nevada in the southwest, . Duke owns interests in more than 107 million square feet of properties, has approximately 1,050 employees and owns or controls over 3,900 acres of undeveloped land that can support approximately 59 million square feet of future development. Visit Duke on the web at www.dukerealty.com. |
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