American Land Lease, Inc. Announces 2006 Dividend Income Tax Allocations
January 19 2007 - 10:13AM
Business Wire
American Land Lease, Inc. (NYSE:ANL) (NYSE:ANL-PA) announces the
2006 dividend allocations for federal income tax purposes for its
Common Stock and publicly traded Preferred Stock. American Land
Lease�s tax return for the year ended December 31, 2006 has not yet
been filed. As a result, the income tax allocations for the
dividends discussed below have been calculated using the best
information available at the time of this release. Please note that
federal tax laws affect taxpayers differently, and the information
in this release is not intended as advice to shareholders on how
dividends should be reported on their tax returns. Also note that
state and local taxation of real estate trust (REIT) dividends
varies and may not be the same as the taxation under the federal
rules. ANL encourages shareholders to consult with their own tax
advisors with respect to the federal, state, and local income tax
effects of these dividends. Common Stock � Record Payable Dividend
Ordinary Unrecaptured Return CUSIP Date Date Per Share Dividend
Section 1250 of Capital � 027118108� 2/16/06� 2/28/06� $0.25� 0.0%
5.0% 95.0% 027118108� 5/15/06� 5/31/06� $0.25� 0.0% 5.0% 95.0%
027118108� 8/15/06� 8/31/06� $0.25� 0.0% 5.0% 95.0% 027118108�
11/16/06� 11/30/06� $0.25� 0.0% 5.0% 95.0% � $1.00� 0.0% 5.0% 95.0%
As previously announced on March 1, 2002, the Company increased its
tax basis in its real estate assets in 2001. At that time, the
Company projected that a greater percentage of future dividends
paid, if any, would be characterized as a return of capital to its
shareholders when compared to the percentage that would have been
characterized as return of capital if the Company did not utilize
the ability to increase its tax basis. Without the increase in its
tax basis in 2001, the return of capital for 2006 would have been
approximately 63.6% as compared to the 95.0% actually reported and
applicable for the year. Series A Cumulative Redeemable Preferred
Stock � Record Payable Dividend Ordinary Section 1245 Return CUSIP
Date Date Per Share Dividend Ordinary Recapture Of Capital
027118207� 2/16/06� 2/28/06� $0.4844� 75.1% 24.9% 0.0% 027118207�
5/15/06� 5/31/06� $0.4844� 75.1% 24.9% 0.0% 027118207� 8/15/06�
8/31/06� $0.4844� 75.1% 24.9% 0.0% 027118207� 11/16/06� 11/30/06�
$0.4844� 75.1% 24.9% 0.0% � $1.9376� 75.1% 24.9% 0.0% American Land
Lease, Inc. is a Clearwater-based real estate investment trust
(REIT) that owns, develops and manages residential land lease
communities.
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