Equity Inns Announces 2006 Dividend Allocation.GERMANTOWN Germantown, residential section of NW Philadelphia, Pa. Settled by Dutch and Germans in 1683, Germantown became one of the earliest printing and publishing centers in the country. , Tenn. -- Equity Inns, Inc. (NYSE NYSE See: New York Stock Exchange :ENN ENN Environmental News Network ENN Emergency Nutrition Network (Oxford, UK) ENN Electronic News Network ENN Electronic Neural Network ENN Expanded Neural Network ), the third largest hotel real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ), today announced that the characterization A rather long and fancy word for analyzing a system or process and measuring its "characteristics." For example, a Web characterization would yield the number of current sites on the Web, types of sites, annual growth, etc. of its 2006 dividends for income tax reporting purposes are as follows:
Common Stock
------------
2006
Taxable 2006
Dividend Date of Record Date of Ordinary Return of
Per Share Declaration Date Payment Dividends Capital
--------- ----------- -------- -------- --------- ---------
$0.19 3/6/06 3/31/06 5/1/06 $0.090151 $0.099849
$0.19 6/15/06 6/30/06 8/1/06 $0.090151 $0.099849
$0.23 9/15/06 9/29/06 11/1/06 $0.109131 $0.120869
$0.23 12/14/06 12/29/06 1/31/07 $0.109131 $0.120869
----- --------- ---------
Totals $0.84 $0.398564 $0.441436
===== ========= =========
47.4482% 52.5518%
========= =========
Preferred Stock - Series B
--------------------------
2006
Taxable
Dividend Date of Record Date of Ordinary
Per Share Declaration Date Payment Dividends
--------- ----------- -------- -------- ---------
$0.546875 3/6/06 3/31/06 4/28/06 $0.546875
$0.546875 6/15/06 6/30/06 7/31/06 $0.546875
$0.546875 9/15/06 9/29/06 10/31/06 $0.546875
$0.546875 12/14/06 12/29/06 1/31/07 $0.546875
--------- ---------
Totals $2.187500 $2.187500
========= =========
100%
====
Preferred Stock - Series C
--------------------------
2006
Taxable
Dividend Date of Record Date of Ordinary
Per Share Declaration Date Payment Dividends
--------- ----------- -------- -------- ---------
$0.411111 3/6/06 3/31/06 4/28/06 $0.411111
$0.500000 6/15/06 6/30/06 7/31/06 $0.500000
$0.500000 9/15/06 9/29/06 10/31/06 $0.500000
$0.500000 12/14/06 12/29/06 1/31/07 $0.500000
--------- ---------
Totals $1.911111 $1.911111
========= =========
100%
====
Per a special provision in the Internal Revenue Code The Internal Revenue Code is the body of law that codifies all federal tax laws, including income, estate, gift, excise, alcohol, tobacco, and employment taxes. These laws constitute title 26 of the U.S. Code (26 U.S.C.A. § 1 et seq. , the fourth quarter dividend 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 December December: see month. 2006 and paid in January January: see month. 2007 is deemed to have been paid by Equity Inns and received by shareholders on December 31, 2006. Therefore, this dividend will be included on Form 1099-DIV Form 1099-DIV A form sent to investors by investment fund companies. The form is a record of all taxable capital gains and dividends paid to an investor, including those that have been re-invested in a given taxation year. for 2006. About Equity Inns Equity Inns, Inc. is a self-advised REIT that focuses on the upscale extended stay, all-suite and midscale limited-service segments of the hotel industry. The Company, which ranks as the third largest hotel REIT based on number of hotels, currently owns 129 hotels with 15,366 rooms located in 35 states. For more information about Equity Inns, visit the Company's Web site at www.equityinns.com. |
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