Ramco-Gershenson Announces 2005 Year End Tax Reporting Information.FARMINGTON HILLS Far·ming·ton Hills A city of southeast Michigan, an industrial suburb of Detroit. Population: 81,400. , Mich. -- Ramco-Gershenson Properties Trust (NYSE NYSE See: New York Stock Exchange :RPT RPT - Unify. Report Writer Language. ) announced today that 2005 distributions on the Company's common shares of beneficial interest represent 50.4693% ordinary income, 4.2176% qualified dividend income, and 45.3131% return of capital. The distributions on the common shares for 2005 were based upon a quarterly rate of $0.4375 per share and an annual dividend distribution of $1.75 per share. Ramco-Gershenson also announced that 2005 distributions on the Company's 9.5% Series B Cumulative Redeemable Redeemable Eligible for redemption under the terms of an indenture. Preferred Shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. of beneficial interest (NYSE:RPTPRB) represent 92.2878% ordinary income and 7.7122% qualified dividend income. The distributions on the Series B Preferred shares for 2005 were based upon quarterly distributions of $0.5938 per share. Further, that 2005 distributions on the Company's 7.95% Series C Cumulative Convertible Preferred Shares of beneficial interest (NYSE:RPTPRC) represent 92.2878% ordinary income and 7.7122% qualified dividend income. The distributions on the Series C Convertible shares for 2005 were based upon a dividend of $0.5664375 per Series C cumulative convertible preferred share. Ramco-Gershenson Properties Trust has a portfolio of 84 shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into totaling approximately 18.5 million square feet of gross leasable area Gross leasable area (GLA) in the retail development industry is a term applied to shopping malls, lifestyle centers, outlet malls and other retail centers to indicate the amount of floor space available to be rented. , consisting of 83 community centers and one enclosed en·close also in·close tr.v. en·closed, en·clos·ing, en·clos·es 1. To surround on all sides; close in. 2. To fence in so as to prevent common use: enclosed the pasture. regional mall. The Company's centers are located in Michigan Michigan (mĭsh`ĭgən), upper midwestern state of the United States. It consists of two peninsulas thrusting into the Great Lakes and has borders with Ohio and Indiana (S), Wisconsin (W), and the Canadian province of Ontario (N,E). , Florida, Ohio Florida is a village in Henry County, Ohio, United States, along the Maumee River. The population was 246 at the 2000 census. Geography Florida is located at (41.322751, -84.201653)GR1. , Indiana, Wisconsin, New Jersey, Maryland, Virginia, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , Tennessee, Georgia and Alabama. Headquartered in Farmington Hills, Michigan Farmington Hills is the most populous city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit and is known for it's affluence, excellent schools, great housing stock, luxury homes and a center of business in Oakland County and Metro Detroit. , the Company is a fully integrated, self-administered, publicly-traded real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) which owns, develops, acquires, manages and leases community shopping centers, regional malls and single tenant retail properties, nationally. For further information on Ramco-Gershenson Properties Trust visit the Company's Website at www.rgpt.com
REPORTING INFORMATION (FORM 1099) - DISTRIBUTIONS
The income tax treatment for 2005 distributions for
Ramco-Gershenson Properties Trust common shares of beneficial
interest, CUSIP No. 751452202(a), traded on the New York Stock
Exchange under ticker symbol RPT, is as follows:
(a) Also applies to CUSIP #751452103, for shares of beneficial
interest that have not been exchanged for common shares of beneficial
interest in the Maryland Trust pursuant to a change of venue merger
which changed the Trust's state of organization from Massachusetts to
Maryland.
Gross
Decla- Distri- Taxable Qualified
ration Record Payable bution Ordinary Return of Dividend
Date Date Date Per Share Dividend Capital Income
----------------------------------------------------------------------
3/1/2005 3/20/2005 4/1/2005 $0.437500 $0.220803 $0.198245 $0.018452
6/7/2005 6/20/2005 7/1/2005 $0.437500 $0.220803 $0.198245 $0.018452
9/7/2005 9/20/2005 10/3/2005 $0.437500 $0.220803 $0.198245 $0.018452
12/7/2005 12/20/2005 1/03/06 $0.437500 $0.220803 $0.198245 $0.018452
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Total $1.750000 $0.883212 $0.792980 $0.073808
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The income tax treatment for 2005 distributions for Ramco-Gershenson
Properties Trust 9.5% Series B Cumulative Redeemable Preferred shares,
CUSIP No.751452400, traded on the New York Stock Exchange under ticker
symbol RPTPRB, is as follows:
Gross Taxable Qualified
Declaration Record Payable Distribution Ordinary Dividend
Date Date Date Per Share Dividend Income
----------------------------------------------------------------------
3/1/05 03/20/05 4/1/05 $0.5938 $0.548005 $0.045795
6/7/05 6/20/05 7/01/05 $0.5938 $0.548005 $0.045795
9/7/05 9/20/05 10/03/05 $0.5938 $0.548005 $0.045795
12/7/05 12/20/05 1/03/06 $0.5938 $0.548005 $0.045795
----------------------------------
Total $2.3752 $2.192020 $0.183180
----------------------------------
The income tax treatment for 2005 distributions for Ramco-Gershenson
Properties Trust 7.95% Series C Cumulative Redeemable Preferred
shares, CUSIP No.751452509, traded on the New York Stock Exchange
under ticker symbol RPTPRC, is as follows:
Gross Taxable Qualified
Declaration Record Payable Distribution Ordinary Dividend
Date Date Date Per Share Dividend Income
----------------------------------------------------------------------
3/1/05 03/20/05 4/1/05 $0.5664375 $0.5227530 $0.043685
6/7/05 6/20/05 7/01/05 $0.5664375 $0.5227530 $0.043685
9/7/05 9/20/05 10/03/05 $0.5664375 $0.5227530 $0.043685
12/7/05 12/20/05 1/03/06 $0.5664375 $0.5227530 $0.043685
------------------------------------
Total $2.26575 $2.0910100 $0.174740
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The Company did not incur any foreign taxes.
THIS INFORMATION REPRESENTS FINAL INCOME ALLOCATIONS.
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