Duke-Weeks Realty Corporation Announces the Income Tax Characteristics of its 1999 Common and Preferred Share Dividends.Business Editors INDIANAPOLIS--(BUSINESS WIRE)--Jan. 28, 2000 Duke-Weeks 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 ) announced today the tax characteristics of its 1999 common and 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. dividends. The Company also provided this same information for Weeks Corporation (formerly WKS/NYSE), which merged with Duke Realty Investments, Inc. on July July: see month. 2, 1999. This information allows investors to determine the specific taxability of their dividend income.
Common Share Dividends:
Unrecaptured Nontaxable
Distribution Ordinary Section 1250 Return of
Payment Date Per Share Dividends Gains Capital
------------ ------------ --------- ------------ ----------
Duke-Weeks Realty Corporation
Ticker Symbol DRE, CUSIP No. 264411505.
2/26/99 $ .34 $ .3270 $ .00 $ .0130
5/28/99 $ .34 $ .3270 $ .00 $ .0130
8/31/99 $ .39 $ .3751 $ .00 $ .0149
11/30/99 $ .39 $ .3551 $ .02 $ .0149
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$ 1.46 $ 1.3842 $ .02 $ .0558
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Weeks Corporation (6 months ended 6/30/99)
Ticker Symbol WKS, CUSIP No. 94856P102.
1/29/99 $ .505 $ .368 $ .00 $ .137
4/30/99 $ .505 $ .368 $ .00 $ .137
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$ 1.010 $ .736 $ .00 $ .274
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Preferred Share Dividends:
Total 1999 Ordinary
Ticker Distribution Taxable
Security Symbol CUSIP No. Per Share Dividend
-------- ------ ---------- ------------ --------
Duke-Weeks Realty Corporation
Preferred Series &uot;A&uot; DRE PRA 264411604 $2.275 $2.275
Preferred Series &uot;B&uot; not listed 264411885 $3.995 $3.995
Preferred Series &uot;D&uot; DRE PRD 264411877 $1.84376 $1.84376
Preferred Series &uot;E&uot; DRE PRE 264411844 $1.95939 $1.95939
Preferred Series &uot;F&uot; DRE PRF 264411828 $1.0000 $1.0000
Note: Preferred series E and F are prorated for partial year.
Weeks Corporation (6 months ended 6/30/99)
Class A PFD WKS PrA 94856P201 $1.0000 $1.0000
Duke-Weeks Realty Corporation is the largest mixed 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. with more than $700 million in annual revenue from more than 4,600 tenants, approximately 1,500 employees, and a dominant presence in most of its 13 key geographic platforms. The fully integrated Company owns interests in more than 102 million square feet of properties 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, and has the longest ongoing record (17 consecutive quarters) in the industry of double-digit dou·ble-dig·it adj. Being between 10 and 99 percent: double-digit inflation. growth in funds from operations Funds From Operations (FFO) Used by real estate and other investment trusts to define the cash flow from trust operations; earnings with depreciation and amortization added back. per share. Duke-Weeks also owns or controls more than 4,300 acres of undeveloped land that can support approximately 62 million square feet of future development. Duke-Weeks Realty Corporation press releases and other company information are available at the company's web site located at http://www.dukereit.com. |
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