FARMINGTON HILLS, Mich., Jan. 23, 2015 (GLOBE NEWSWIRE) -- Ramco-Gershenson Properties Trust (NYSE:RPT) announced today that 2014 distributions on the Company's common shares of beneficial interest represent 92.2064% total ordinary dividends and 7.7936% capital gain dividends. The distributions on the common shares for 2014 were based upon a quarterly rate of $0.1875 per share for the 1st and 2nd quarters and $0.2000 for the 3rd and 4th quarters, resulting in an annual distribution of $0.775 per share.
Ramco-Gershenson also announced that 2014 distributions on the Company's 7.25% Series D convertible perpetual preferred shares of beneficial interest (NYSE:RPT.PD) represent 92.2064% total ordinary dividends and 7.7936% capital gain dividends. The distributions on the Series D preferred shares for 2014 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 2014 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.
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 in | Distribution | (Included in | |||||
Total | - Box 2a | Total Capital | ||||||
Ordinary | Gain | |||||||
Dividend) | Distribution) | |||||||
2/25/2014 | 3/20/2014 | 4/1/2014 | $0.187500 | $0.172887 | $0.000000 | $0.014613 | $0.014613 | $0.000000 |
5/6/2014 | 6/20/2014 | 7/1/2014 | $0.187500 | $0.172887 | $0.000000 | $0.014613 | $0.014613 | $0.000000 |
9/3/2014 | 9/19/2014 | 10/1/2014 | $0.200000 | $0.184413 | $0.000000 | $0.015587 | $0.015587 | $0.000000 |
11/11/2014 | 12/19/2014 | 1/2/2015 | $0.200000 | $0.184413 | $0.000000 | $0.015587 | $0.015587 | $0.000000 |
Total | $0.775000 | $0.714600 | $0.000000 | $0.060400 | $0.060400 | $0.000000 |
The income tax treatment for 2014 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) | |||||||
2/25/2014 | 3/20/2014 | 4/1/2014 | $0.906250 | $0.835620 | $0.000000 | $0.070630 | $0.070630 | $0.000000 |
5/6/2014 | 6/20/2014 | 7/1/2014 | $0.906250 | $0.835620 | $0.000000 | $0.070630 | $0.070630 | $0.000000 |
9/3/2014 | 9/19/2014 | 10/1/2014 | $0.906250 | $0.835620 | $0.000000 | $0.070630 | $0.070630 | $0.000000 |
11/11/2014 | 12/19/2014 | 1/2/2015 | $0.906250 | $0.835620 | $0.000000 | $0.070630 | $0.070630 | $0.000000 |
Total | $3.625000 | $3.342480 | $0.000000 | $0.282520 | $0.282520 | $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, 2014, the Company owned and managed a portfolio of 83 shopping centers and one office building with approximately 17.2 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, Tennessee, Minnesota, and Kentucky. At September 30, 2014, the Company's core operating portfolio was 95.4% leased. For more information about Ramco-Gershenson Properties Trust, please visit www.rgpt.com.