AMB Property Corporation(R) Announces Tax Treatment of 2009 Dividends
January 11 2010 - 7:52PM
PR Newswire (US)
SAN FRANCISCO, Jan. 11 /PRNewswire-FirstCall/ -- AMB Property
Corporation® (NYSE:AMB) today announced the tax treatment of its
2009 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® common
stock, the 2009 dividend of $1.12 per share includes three
quarterly distributions declared and paid in 2009, and one
quarterly distribution declared in 2009 and paid in 2010. These
distributions are classified for income tax purposes as follows:
$0.724 per share (64.63%) is classified as an Ordinary Taxable
Dividend and $0.396 per share (35.37%) is classified as a Capital
Gain Dividend on the 2009 Form 1099-DIV. For the company's 6.5%
Series L Cumulative Redeemable Preferred Stock (NYSE:AMB.PrL), the
company's reportable 2009 dividends totaling $1.625 per share are
classified for income tax purposes as follows: $1.050 per share
(64.63%) is classified as an Ordinary Taxable Dividend and $0.575
per share (35.37%) is classified as a Capital Gain Dividend on the
2009 Form 1099-DIV. For the company's 6.75% Series M Cumulative
Redeemable Preferred Stock (NYSE:AMB.PrM), the company's reportable
2009 dividends totaling $1.6875 per share are classified for income
tax purposes as follows: $1.0907 per share (64.63%) is classified
as an Ordinary Taxable Dividend and $0.5968 per share (35.37%) is
classified as a Capital Gain Dividend on the 2009 Form 1099-DIV.
For the company's 7.0% Series O Cumulative Redeemable Preferred
Stock (NYSE:AMB.PrO), the company's reportable 2009 dividends
totaling $1.750 per share are classified for income tax purposes as
follows: $1.131 per share (64.63%) is classified as an Ordinary
Taxable Dividend and $0.619 per share (35.37%) is classified as a
Capital Gain Dividend on the 2009 Form 1099-DIV. For the company's
6.85% Series P Cumulative Redeemable Preferred Stock
(NYSE:AMB.PrP), the company's reportable 2009 dividends totaling
$1.7125 per share are classified for income tax purposes as
follows: $1.1068 per share (64.63%) is classified as an Ordinary
Taxable Dividend and $0.6057 per share (35.37%) is classified as a
Capital Gain Dividend on the 2009 Form 1099-DIV. The tables below
summarize the income tax treatment of the company's 2009 dividends:
2009 Dividend Tax Reporting Information (Form 1099-DIV) AMB
Property Corporation Common Stock CUSIP # 00163T109 Ticker Symbol:
AMB 2009 2009 Ordinary Cash Taxable Dividend Dividend Declaration
Record Payable ($ per ($ per Dates Dates Dates share) share)
----------- ------ ------- -------- -------- 2/26/2009 4/6/2009
4/15/2009 $0.280000 $0.180973 --------- -------- ---------
--------- --------- 6/8/2009 7/6/2009 7/15/2009 $0.280000 $0.180973
-------- -------- --------- --------- --------- 9/22/2009 10/5/2009
10/15/2009 $0.280000 $0.180973 --------- --------- ----------
--------- --------- 12/10/2009 12/23/2009 1/7/2010 $0.280000
$0.180973 ---------- ---------- -------- --------- --------- 2009
Totals $1.120000 $0.723892 -------------------------------------
--------- --------- 2009 25% Capital Gain 2009 (unrecaptured 15%
Section Capital 1250 Gain Gain) Declaration Record Payable ($ per
($ per Dates Dates Dates share) share) ----------- ------ -------
------- --------- 2/26/2009 4/6/2009 4/15/2009 $0.071876 $0.027151
--------- -------- --------- --------- --------- 6/8/2009 7/6/2009
7/15/2009 $0.071876 $0.027151 -------- -------- --------- ---------
--------- 9/22/2009 10/5/2009 10/15/2009 $0.071876 $0.027151
--------- --------- ---------- --------- --------- 12/10/2009
12/23/2009 1/7/2010 $0.071876 $0.027151 ---------- ----------
-------- --------- --------- 2009 Totals $0.287504 $0.108604
------------------------------------ --------- --------- AMB
Property Corporation Series L Cumulative Redeemable Preferred Stock
CUSIP # 00163T307 Ticker Symbol: AMB.PrL 2009 2009 Ordinary Cash
Taxable Dividend Dividend Declaration Record Payable ($ per ($ per
Dates Dates Dates share) share) ----------- ------ -------
--------- -------- 11/17/2008 1/5/2009 1/15/2009 $0.406250
$0.262573 ---------- -------- --------- --------- ---------
2/26/2009 4/6/2009 4/15/2009 $0.406250 $0.262573 --------- --------
--------- --------- --------- 6/8/2009 7/6/2009 7/15/2009 $0.406250
$0.262573 -------- -------- --------- --------- --------- 9/22/2009
10/5/2009 10/15/2009 $0.406250 $0.262573 --------- ---------
---------- --------- --------- 2009 Totals $1.625000 $1.050292
------------------------------------ --------- --------- 2009 25%
Capital 2009 Gain 15% (unrecaptured Capital Section Gain 1250 Gain)
Declaration Record Payable ($ per ($ per Dates Dates Dates share)
share) ----------- ------ ------- ------- --------- 11/17/2008
1/5/2009 1/15/2009 $0.104284 $0.039393 ---------- --------
--------- --------- --------- 2/26/2009 4/6/2009 4/15/2009
$0.104284 $0.039393 --------- -------- --------- ---------
--------- 6/8/2009 7/6/2009 7/15/2009 $0.104284 $0.039393 --------
-------- --------- --------- --------- 9/22/2009 10/5/2009
10/15/2009 $0.104284 $0.039393 --------- --------- ----------
--------- --------- 2009 Totals $0.417136 $0.157572
---------------------------------- --------- --------- AMB Property
Corporation Series M Cumulative Redeemable Preferred Stock CUSIP #
00163T406 Ticker Symbol: AMB.PrM 2009 Ordinary 2009 Cash Taxable
Dividend Dividend Declaration Record Payable ($ per ($ per Dates
Dates Dates share) share) ----------- ------ ------- ---------
-------- 11/17/2008 1/5/2009 1/15/2009 $0.421875 $0.272672
---------- -------- --------- --------- --------- 2/26/2009
4/6/2009 4/15/2009 $0.421875 $0.272672 --------- -------- ---------
--------- --------- 6/8/2009 7/6/2009 7/15/2009 $0.421875 $0.272672
-------- -------- --------- --------- --------- 9/22/2009 10/5/2009
10/15/2009 $0.421875 $0.272672 --------- --------- ----------
--------- --------- 2009 Totals $1.687500 $1.090688
---------------------------------- --------- --------- 2009 25%
Capital Gain 2009 15% (unrecaptured Capital Section Gain ($ 1250
Gain) Declaration Record Payable per ($ per Dates Dates Dates
share) share) ----------- ------ ------- --------- -------------
11/17/2008 1/5/2009 1/15/2009 $0.108295 $0.040908 ----------
-------- --------- --------- --------- 2/26/2009 4/6/2009 4/15/2009
$0.108295 $0.040908 --------- -------- --------- ---------
--------- 6/8/2009 7/6/2009 7/15/2009 $0.108295 $0.040908 --------
-------- --------- --------- --------- 9/22/2009 10/5/2009
10/15/2009 $0.108295 $0.040908 --------- --------- ----------
--------- --------- 2009 Totals $0.433180 $0.163632
---------------------------------- --------- --------- AMB Property
Corporation Series O Cumulative Redeemable Preferred Stock CUSIP #
00163T505 Ticker Symbol: AMB.PrO 2009 Ordinary 2009 Cash Taxable
Dividend Dividend Declaration Record Payable ($ per ($ per Dates
Dates Dates share) share) ----------- ------ ------- ----------
-------- 11/17/2008 1/5/2009 1/15/2009 $0.437500 $0.282771
---------- -------- --------- --------- --------- 2/26/2009
4/6/2009 4/15/2009 $0.437500 $0.282771 --------- -------- ---------
--------- --------- 6/8/2009 7/6/2009 7/15/2009 $0.437500 $0.282771
-------- -------- --------- --------- --------- 9/22/2009 10/5/2009
10/15/2009 $0.437500 $0.282771 --------- --------- ----------
--------- --------- 2009 Totals $1.750000 $1.131084
---------------------------------- --------- --------- 2009 25%
Capital Gain 2009 15% (unrecaptured Capital Section Gain ($ 1250
Gain) Declaration Record Payable per ($ per Dates Dates Dates
share) share) ----------- ------ ------- --------- -------------
11/17/2008 1/5/2009 1/15/2009 $0.112305 $0.042424 ----------
-------- --------- --------- --------- 2/26/2009 4/6/2009 4/15/2009
$0.112305 $0.042424 --------- -------- --------- ---------
--------- 6/8/2009 7/6/2009 7/15/2009 $0.112305 $0.042424 --------
-------- --------- --------- --------- 9/22/2009 10/5/2009
10/15/2009 $0.112305 $0.042424 --------- --------- ----------
--------- --------- 2009 Totals $0.449220 $0.169696 -----------
--------- --------- AMB Property Corporation Series P Cumulative
Redeemable Preferred Stock CUSIP # 00163T604 Ticker Symbol: AMB.PrP
2009 Ordinary 2009 Cash Taxable Dividend Dividend Declaration
Record Payable ($ per ($ per Dates Dates Dates share) share)
----------- ------ ------- ---------- -------- 11/17/2008 1/5/2009
1/15/2009 $0.428125 $0.276712 ---------- -------- ---------
--------- --------- 2/26/2009 4/6/2009 4/15/2009 $0.428125
$0.276712 --------- -------- --------- --------- --------- 6/8/2009
7/6/2009 7/15/2009 $0.428125 $0.276712 -------- -------- ---------
--------- --------- 9/22/2009 10/5/2009 10/15/2009 $0.428125
$0.276712 --------- --------- ---------- --------- --------- 2009
Totals $1.712500 $1.106848 ----------------------------------
--------- --------- 2009 25% Capital Gain 2009 15% (unrecaptured
Capital Section Gain ($ 1250 Gain) Declaration Record Payable per
($ per Dates Dates Dates share) share) ----------- ------ -------
--------- ------------- 11/17/2008 1/5/2009 1/15/2009 $0.109899
$0.041514 ---------- -------- --------- --------- ---------
2/26/2009 4/6/2009 4/15/2009 $0.109899 $0.041514 --------- --------
--------- --------- --------- 6/8/2009 7/6/2009 7/15/2009 $0.109899
$0.041514 -------- -------- --------- --------- --------- 9/22/2009
10/5/2009 10/15/2009 $0.109899 $0.041514 --------- ---------
---------- --------- --------- 2009 Totals $0.439596 $0.166056
---------------------------------- --------- --------- AMB Property
Corporation.® Local partner to global trade.(TM) AMB Property
Corporation® is a leading owner, operator and developer of global
industrial real estate, focused on major hub and gateway
distribution markets in the Americas, Europe and Asia. As of
September 30, 2009, AMB owned, or had investments in, on a
consolidated basis or through unconsolidated joint ventures,
properties and development projects expected to total approximately
156.1 million square feet (14.5 million square meters) in 47
markets within 14 countries. AMB invests in properties located
predominantly in the infill submarkets of its targeted markets. The
company's portfolio comprises High Throughput Distribution®
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: AMB, Tracy A. Ward, Vice President, IR & Corporate
Communications of AMB, +1-415-733-9565, Web Site:
http://www.amb.com/
Copyright
Amb Properties (NYSE:AMB)
Historical Stock Chart
From Aug 2024 to Sep 2024
Amb Properties (NYSE:AMB)
Historical Stock Chart
From Sep 2023 to Sep 2024
Real-Time news about Amb Property Corp. (New York Stock Exchange): 0 recent articles
More Amb Property Corp. News Articles