Essex Reports Characteristics of 2001 Dividend.Business Editors PALO ALTO, Calif.--(BUSINESS WIRE)--Jan. 3, 2002 Essex Property Trust, Inc. (NYSE NYSE See: New York Stock Exchange :ESS) today announced the income tax treatment for the 2001 common stock dividends paid by Essex Property Trust, Inc., Cusip Number CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. 297178105, traded under 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. ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors ESS, is as follows:
Record Payment Distributions Ordinary Return of Long-Term
Dates Dates Per Share Taxable Capital Capital Gain
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30-Mar-01 16-Apr-01 $0.70 100% 0% --
29-Jun-01 16-Jul-01 $0.70 100% 0% --
28-Sep-01 15-Oct-01 $0.70 100% 0% --
31-Dec-01 15-Jan-02 $0.70 100% 0% --
Totals $2.80 100% 0% --
The Company did not incur any foreign taxes during 2001. In addition, only for purposes of calculating alternative minimum taxable income under Sec. 55 of 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. of 1986, the company apportions $0.55 per share attributable to depreciation assuming a full year of ownership. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of Essex Property Trust, Inc. dividends. Essex Property Trust, Inc., located in Palo Alto and traded on the New York Stock Exchange (ESS), is a fully integrated real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast communities. Essex currently has ownership interests in 92 multifamily properties (20,762 units), and has 1,274 units in various stages of development. Additional information about Essex can be found on the Company's web site at www.essexpropertytrust.com. |
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