FARMINGTON HILLS, Mich., Jan. 24, 2014 (GLOBE NEWSWIRE) -- Ramco-Gershenson Properties Trust (NYSE:RPT) announced today that 2013 distributions on the Company's common shares of beneficial interest represent 87.6565% total ordinary dividends and 12.3435% non-dividend distributions. The distributions on the common shares for 2013 were based upon a quarterly rate of $0.16825 per share for the 1st and 2nd quarters and $0.1875 for the 3rd and 4th quarters, resulting in an annual distribution of $0.7115 per share.
Ramco-Gershenson also announced that 2013 distributions on the Company's 7.25% Series D convertible perpetual preferred shares of beneficial interest (NYSE:RPT.PD) represent 100.0000% total ordinary dividends. The distributions on the Series D preferred shares for 2013 were based upon quarterly distributions of $0.90625 per share, resulting in an annual distribution of $3.625 per share.
REPORTING INFORMATION (FORM 1099) – DISTRIBUTIONS
The income tax treatment for 2013 distributions for Ramco-Gershenson Properties Trust common shares of beneficial interest, CUSIP No. 751452202*, traded on the New York Stock Exchange under ticker symbol RPT, is as follows (as reported on Form 1099-DIV):
*Also applies to CUSIP #751452103, for shares of beneficial interest that have not been exchanged for common shares of beneficial interest in the Maryland Trust pursuant to a change of venue merger which changed the Trust's state of organization from Massachusetts to Maryland.
Declaration | Record | Payable | Gross | Total | Qualified | Total | Unrecaptured | Nondividend |
Date | Date | Date | Distribution | Ordinary | Dividends | Capital Gain | Section 1250 | Distributions |
per Share | Dividend - | - Box 1b | Distribution | Gain - Box 2b | - Box 3 | |||
Box 1a | (Included | - Box 2a | (Included in | |||||
in Total | Total Capital | |||||||
Ordinary | Gain | |||||||
Dividend) | Distribution) | |||||||
2/25/2013 | 3/20/2013 | 4/1/2013 | $0.168250 | $0.147482 | $0.000000 | $0.000000 | $0.000000 | $0.020768 |
5/14/2013 | 6/20/2013 | 7/1/2013 | $0.168250 | $0.147482 | $0.000000 | $0.000000 | $0.000000 | $0.020768 |
9/5/2013 | 9/20/2013 | 10/1/2013 | $0.187500 | $0.164356 | $0.000000 | $0.000000 | $0.000000 | $0.023144 |
11/19/2013 | 12/20/2013 | 1/2/2014 | $0.187500 | $0.164356 | $0.000000 | $0.000000 | $0.000000 | $0.023144 |
Total | $0.711500 | $0.623676 | $0.000000 | $0.000000 | $0.000000 | $0.087824 | ||
The return of capital percentage on common stock dividends is also reported on the Ramco-Gershenson Properties Trust website at www.rgpt.com, pursuant to U.S. tax basis reporting required under Internal Revenue Code Section 6045B.
The income tax treatment for 2013 distributions for Ramco-Gershenson Properties Trust 7.25% Series D preferred shares of beneficial interest, CUSIP No. 751452608, traded on the New York Stock Exchange under ticker symbol RPT.PD, is as follows (as reported on Form 1099-DIV):
Declaration | Record | Payable | Gross | Total | Qualified | Total | Unrecaptured | Nondividend |
Date | Date | Date | Distribution | Ordinary | Dividends | Capital | Section 1250 | Distributions |
per Share | Dividend | - Box 1b | Gain | Gain - Box 2b | - Box 3 | |||
- Box 1a | (Included | Distribution | (Included in | |||||
in Total | - Box 2a | Total Capital | ||||||
Ordinary | Gain | |||||||
Dividend) | Distribution) | |||||||
2/25/2013 | 3/20/2013 | 4/1/2013 | $0.906250 | $0.906250 | $0.000000 | $0.000000 | $0.000000 | $0.000000 |
5/14/2013 | 6/20/2013 | 7/1/2013 | $0.906250 | $0.906250 | $0.000000 | $0.000000 | $0.000000 | $0.000000 |
9/5/2013 | 9/20/2013 | 10/1/2013 | $0.906250 | $0.906250 | $0.000000 | $0.000000 | $0.000000 | $0.000000 |
11/19/2013 | 12/20/2013 | 1/2/2014 | $0.906250 | $0.906250 | $0.000000 | $0.000000 | $0.000000 | $0.000000 |
Total | $3.625000 | $3.625000 | $0.000000 | $0.000000 | $0.000000 | $0.000000 |
THIS INFORMATION REPRESENTS FINAL INCOME ALLOCATIONS.
About Ramco-Gershenson Properties Trust
Ramco-Gershenson Properties Trust (NYSE:RPT) is a fully integrated, self-administered, publicly-traded real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company's business is the ownership and management of multi-anchor shopping centers in strategic metropolitan markets throughout the Eastern, Midwestern and Central United States. At September 30, 2013, the Company owned and managed a portfolio of 79 shopping centers and one office building with approximately 15.3 million square feet of gross leasable area owned by the Company or its joint ventures. The properties are located in Michigan, Florida, Ohio, Georgia, Missouri, Colorado, Wisconsin, Illinois, Indiana, New Jersey, Virginia, Maryland, and Tennessee. At September 30, 2013, the Company's core operating portfolio was 95.6% leased. Additional information regarding the Company is available via the corporate website at www.rgpt.com.