Ramco-Gershenson Announces 2006 Year End Tax Reporting Information.FARMINGTON HILLS, Mich. -- Ramco-Gershenson Properties Trust (NYSE NYSE See: New York Stock Exchange :RPT RPT - Unify. Report Writer Language. ) announced today that 2006 distributions on the Company's common shares of beneficial interest represent 40.2722% ordinary income, 8.9383% qualified dividend income, and 50.7895% capital gain income. The distributions on the common shares for 2006 were based upon a quarterly rate of $0.4475 per share and an annual dividend distribution of $1.79 per share. Ramco-Gershenson also announced that 2006 distributions on the Company's 9.5% Series B Cumulative Redeemable 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 40.2722% ordinary income, 8.9383% qualified dividend income and 50.7895% capital gain income. The distributions on the Series B Preferred shares for 2006 were based upon quarterly distributions of $0.5938 per share. Further, that 2006 distributions on the Company's 7.95% Series C Cumulative Convertible Preferred Shares of beneficial interest (NYSE:RPTPRC) represent 40.2722% ordinary income and 8.9383% qualified dividend income and 50.7895% capital gain income. The distributions on the Series C Convertible shares for 2006 were based upon a dividend of $0.5664375 per Series C cumulative convertible preferred share. Ramco-Gershenson Properties Trust, 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. , 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. Ramco-Gershenson owns interests in 81 shopping centers totaling approximately 18.3 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. in Michigan, Florida, Georgia, Ohio, Wisconsin, Tennessee, Indiana, New Jersey, Virginia, South Carolina, North Carolina, and Maryland. 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 2006 distributions for Ramco-Gershenson Properties Trust common shares of beneficial interest, CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. No. 751452202(a), traded on 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. 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 A change of venue is the legal term for moving a trial to a new location. In high-profile matters, a change of venue may occur to move a jury trial away from a location where a fair and impartial jury may not be possible due to widespread publicity about a crime and/or defendant(s) merger which changed the Trust's state of organization from Massachusetts to Maryland. [TABLE OMITTED] The income tax treatment for 2006 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: [TABLE OMITTED] The income tax treatment for 2006 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: [TABLE OMITTED] The Company did not incur any foreign taxes. THIS INFORMATION REPRESENTS FINAL INCOME ALLOCATIONS. |
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