Realty Income Announces Final 2005 Common Stock Dividend Tax Allocation.ESCONDIDO, Calif. -- Realty Income Corporation Realty Income Corporation is a real estate company based in Escondido, California. It is certified as a real estate investment trust by the SEC. Sometimes referred to as the "monthly dividend company" because of its strong history of providing monthly dividends to its shareholders. (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. Income), The Monthly Dividend Company(R) (NYSE NYSE See: New York Stock Exchange :O), today announced the final calculation of the dividend tax status for its 2005 common stock dividends. A portion of the common stock dividend is considered a non-taxable distribution. There are no capital gains associated with these common stock dividend distributions. The information below supersedes previous estimates provided on January 18, 2006. Total Common Dividends Paid in 2005 $1.346250 Ordinary Income Portion of Dividend $1.210091 (89.89%) Non-taxable Distribution (return of capital) $0.136159 (10.11%) Capital Gain $0.000000 The Company also announced that the 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 paid during 2005 are taxable as ordinary dividends with no return of capital. In addition, under the 2003 Jobs and Growth Tax Relief Reconciliation Act, qualifying dividend income will be taxed at a maximum rate of 15% for most non-corporate taxpayers who meet certain holding period requirements. Of Realty Income's 2005 ordinary dividends to common shareholders, $0.015947 per share are considered qualifying dividends qualifying dividends The dividends that meet Internal Revenue Service regulations for exclusion or partial exclusion from federal income taxation. For example, corporations are permitted to exclude a portion of all of the qualifying dividends received from . Of the Class D preferred stock dividends, $0.024300 per share are qualifying dividends. For additional information regarding the tax status of Realty Income dividends, please visit the Company's web site at www.realtyincome.com/investing/dividends.html . Shareholders are encouraged to consult with their personal tax advisors A tax advisor is a financial expert especially trained in tax law. Some countries require tax advisors to verify the balance sheets of companies above a certain size. Individuals usually require tax advisors to minimize taxation, to avoid learning the details of tax law in as to their specific tax treatment of any Realty Income dividends received. Realty Income, The Monthly Dividend Company(R), is a 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. real estate company dedicated to providing shareholders with dependable monthly income. To date the Company has declared 427 consecutive monthly dividends throughout its 37-year operating history. The monthly income is supported by the cash flow from over 1,600 retail properties owned under long-term lease agreements with leading regional and national retail chains. The Company is an active buyer of net-leased retail properties nationwide. Note to Editors: Realty Income press releases are available at no charge by calling our toll-free investor hotline number: 888-811-2001, or through the Internet at http://www.realtyincome.com . |
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