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Dividends
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For information regarding the taxable status of the Company's 2007 cash distributions please click on the following link. This information is subject to change pursuant to the Company's release of audited financial statements for the year ended December 31, 2007.
To view information for a previous year's cash distributions, click Here.
Note: On May 28, 2003 the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) was signed into law which, as part of an effort to correct the effects of double taxation of certain corporate dividends, included a measure to lower the tax rate on dividends paid to shareholders. However, dividends paid by REITs have not historically been subject to this double taxation and therefore, the lower rate applied to dividends in the new law will not apply to the dividends paid by the Company. The dividends paid by the Company will continue to be taxed at the current ordinary income rates of the taxpayer.
Additionally, the JGTRRA lowered the capital gains rates. These capital gain rate reductions apply to shareholders with any type of capital gains, including those that are created by a REIT. Therefore, these lower rates will apply to capital gains of the Company which any shareholder may have.
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