AMB Property Corporation(R) Announces Tax Treatment of 2008 Dividends
January 12 2009 - 3:01PM
PR Newswire (US)
SAN FRANCISCO, Jan. 12 /PRNewswire-FirstCall/ -- AMB Property
Corporation(R) (NYSE:AMB) today announced the tax treatment of its
2008 distributions on its Common Stock (NYSE:AMB), 6.5% Series L
Cumulative Redeemable Preferred Stock (NYSE:AMB.PrL), 6.75% Series
M Cumulative Redeemable Preferred Stock (NYSE:AMB.PrM), 7.0% Series
O Cumulative Redeemable Preferred Stock (NYSE:AMB.PrO), and 6.85%
Series P Cumulative Redeemable Preferred Stock (NYSE:AMB.PrP). For
holders of AMB Property Corporation(R) common stock, the 2008
dividend of $2.06 per share includes one quarterly distribution
declared in 2007 and paid in 2008 and three quarterly distributions
declared and paid in 2008. These distributions are classified for
income tax purposes as follows: $1.244 per share (60.38%) is
classified as an Ordinary Taxable Dividend; $0.600 per share
(29.13%) is classified as a Capital Gain Dividend; and $0.216 per
share (10.49%) is classified as Return of Capital on the 2008 Form
1099-DIV. For the company's 6.5% Series L Cumulative Redeemable
Preferred Stock (NYSE:AMB.PrL), the company's reportable 2008
dividends totaling $1.625 per share are classified for income tax
purposes as follows: $1.096 per share (67.46%) is classified as an
Ordinary Taxable Dividend and $0.529 per share (32.54%) is
classified as a Capital Gain Dividend on the 2008 Form 1099-DIV.
For the company's 6.75% Series M Cumulative Redeemable Preferred
Stock (NYSE:AMB.PrM), the company's reportable 2008 dividends
totaling $1.6875 per share are classified for income tax purposes
as follows: $1.1384 per share (67.46%) is classified as an Ordinary
Taxable Dividend and $0.5491 per share (32.54%) is classified as a
Capital Gain Dividend on the 2008 Form 1099-DIV. For the company's
7.0% Series O Cumulative Redeemable Preferred Stock (NYSE:AMB.PrO),
the company's reportable 2008 dividends totaling $1.750 per share
are classified for income tax purposes as follows: $1.181 per share
(67.46%) is classified as an Ordinary Taxable Dividend and $0.569
per share (32.54%) is classified as a Capital Gain Dividend on the
2008 Form 1099-DIV. For the company's 6.85% Series P Cumulative
Redeemable Preferred Stock (NYSE:AMB.PrP), the company's reportable
2008 dividends totaling $1.7125 per share are classified for income
tax purposes as follows: $1.1552 per share (67.46%) is classified
as an Ordinary Taxable Dividend and $0.5573 per share (32.54%) is
classified as a Capital Gain Dividend on the 2008 Form 1099-DIV. As
previously announced on November 17, 2008, AMB's Board of Directors
suspended the company's common stock dividend for the fourth
quarter of 2008. The Board of Directors also declared dividends on
the company's four outstanding series of preferred stock,
including: * 6.5% Series L Cumulative Redeemable Preferred Stock -
a dividend of $0.40625 per share * 6.75% Series M Cumulative
Redeemable Preferred Stock - a dividend of $0.421875 per share *
7.0% Series O Cumulative Redeemable Preferred Stock - a dividend of
$0.4375 per share * 6.85% Series P Cumulative Redeemable Preferred
Stock - a dividend of $0.428125 per share The record date for the
preferred dividends was January 5, 2009 and the payment date will
be January 15, 2009. These dividends will be classified as 2009
dividends. The tables below summarize the income tax treatment of
the company's 2008 dividends: 2008 Dividend Tax Reporting
Information (Form 1099-DIV) AMB Property Corporation Common Stock
CUSIP # 00163T109 Ticker Symbol: AMB 2008 25% 2008 2008 Capital
Ordinary 15% (unrecaptured 2008 Decla- Cash Taxable Capital Section
Return of ration Record Payable Dividend Dividend Gain 1250 gain)
Capital Dates Dates Dates ($ per ($ per ($ per ($ per ($ per share)
share) share) share) share) 12/18/ 12/21/ 1/7/ 2007 2007 2008
$0.500000 $0.301905 $0.145639 $0.000001 $0.052455 2/21/ 4/4/ 4/15/
2008 2008 2008 $0.520000 $0.313981 $0.151465 $0.000001 $0.054553
5/8/ 7/3/ 7/15/ 2008 2008 2008 $0.520000 $0.313981 $0.151465
$0.000001 $0.054553 9/23/ 10/6/ 10/15/ 2008 2008 2008 $0.520000
$0.313981 $0.151465 $0.000001 $0.054553 2008 Totals $2.060000
$1.243848 $0.600034 $0.000004 $0.216114 AMB Property Corporation
Series L Cumulative Redeemable Preferred Stock CUSIP # 00163T307
Ticker Symbol: AMB.PrL 2008 25% Capital 2008 2008 Gain Ordinary 15%
(unrecaptured Cash Taxable Capital Section Dividend Dividend Gain
1250 gain) Decl- aration Record Payable ($ per ($ per ($ per ($ per
Dates Dates Dates share) share) share) share) 12/18/2007 1/4/2008
1/15/2008 $0.406250 $0.274048 $0.132201 $0.000001 2/21/2008
4/4/2008 4/15/2008 $0.406250 $0.274048 $0.132201 $0.000001 5/8/2008
7/3/2008 7/15/2008 $0.406250 $0.274048 $0.132201 $0.000001
9/23/2008 10/6/2008 10/15/2008 $0.406250 $0.274048 $0.132201
$0.000001 2008 Totals $1.625000 $1.096192 $0.528804 $0.000004 AMB
Property Corporation Series M Cumulative Redeemable Preferred Stock
CUSIP # 00163T406 Ticker Symbol: AMB.PrM 2008 25% 2008 2008 Capital
Gain Ordinary 15% (unrecaptured Cash Taxable Capital Section
Dividend Dividend Gain 1250 gain) Declaration Record Payable ($ per
($ per ($ per ($ per Dates Dates Dates share) share) share) share)
12/18/2007 1/4/2008 1/15/2008 $0.421875 $0.284588 $0.137286
$0.000001 2/21/2008 4/4/2008 4/15/2008 $0.421875 $0.284588
$0.137286 $0.000001 5/8/2008 7/3/2008 7/15/2008 $0.421875 $0.284588
$0.137286 $0.000001 9/23/2008 10/6/2008 10/15/2008 $0.421875
$0.284588 $0.137286 $0.000001 2008 Totals $1.687500 $1.138352
$0.549144 $0.000004 AMB Property Corporation Series O Cumulative
Redeemable Preferred Stock CUSIP # 00163T505 Ticker Symbol: AMB.PrO
2008 25% Capital 2008 2008 Gain Ordinary 15% (unrecaptured Cash
Taxable Capital Section Dividend Dividend Gain 1250 gain)
Declaration Record Payable ($ per ($ per ($ per ($ per Dates Dates
Dates share) share) share) share) 12/18/2007 1/4/2008 1/15/2008
$0.437500 $0.295129 $0.142370 $0.000001 2/21/2008 4/4/2008
4/15/2008 $0.437500 $0.295129 $0.142370 $0.000001 5/8/2008 7/3/2008
7/15/2008 $0.437500 $0.295129 $0.142370 $0.000001 9/23/2008
10/6/2008 10/15/2008 $0.437500 $0.295129 $0.142370 $0.000001 2008
Totals $1.750000 $1.180516 $0.569480 $0.000004 AMB Property
Corporation Series P Cumulative Redeemable Preferred Stock CUSIP #
00163T604 Ticker Symbol: AMB.PrP 2008 25% 2008 2008 Capital Gain
Ordinary 15% (unrecaptured Cash Taxable Capital Section Dividend
Dividend Gain 1250 gain) Declaration Record Payable ($ per ($ per
($ per ($ per Dates Dates Dates share) share) share) share)
12/18/2007 1/4/2008 1/15/2008 $0.428125 $0.288804 $0.139320
$0.000001 2/21/2008 4/4/2008 4/15/2008 $0.428125 $0.288804
$0.139320 $0.000001 5/8/2008 7/3/2008 7/15/2008 $0.428125 $0.288804
$0.139320 $0.000001 9/23/2008 10/6/2008 10/15/2008 $0.428125
$0.288804 $0.139320 $0.000001 2008 Totals $1.712500 $1.155216
$0.557280 $0.000004 AMB Property Corporation.(R) Local partner to
global trade.(TM) AMB Property Corporation(R) is a leading owner,
operator and developer of industrial real estate, focused on major
hub and gateway distribution markets in the Americas, Europe and
Asia. As of September 30, 2008, AMB owned, or had investments in,
on a consolidated basis or through unconsolidated joint ventures,
properties and development projects expected to total approximately
158.4 million square feet (14.7 million square meters) in 49
markets within 15 countries. AMB invests in properties located
predominantly in the infill submarkets of its targeted markets. The
company's portfolio is comprised of High Throughput Distribution(R)
facilities-industrial properties built for speed and located near
airports, seaports and ground transportation systems. AMB's press
releases are available on the company website at
http://www.amb.com/ or by contacting the Investor Relations
department at +1 415 394 9000. DATASOURCE: AMB Property Corporation
CONTACT: Tracy A. Ward, Vice President, IR & Corporate
Communications of AMB Property Corporation, +1-415-733-9565, Web
site: http://www.amb.com/
Copyright
Amb Properties (NYSE:AMB)
Historical Stock Chart
From Jul 2024 to Aug 2024
Amb Properties (NYSE:AMB)
Historical Stock Chart
From Aug 2023 to Aug 2024
Real-Time news about Amb Property Corp. (New York Stock Exchange): 0 recent articles
More Amb Property Corp. News Articles