Saul Centers, Inc. Announces Tax Treatment of 2012 Dividends
BETHESDA, Md., Jan. 18, 2013
BETHESDA, Md., Jan. 18, 2013 /PRNewswire/ --Saul Centers, Inc. (NYSE: BFS),
an equity real estate investment trust (REIT), announced today the income tax
treatment for its 2012 dividends. The Company declared and paid four
quarterly dividends totaling $1.44 per share of Common Stock during 2012. For
tax purposes, 66.0% of the dividends ($0.9504 per common share) are
characterized as ordinary income and 34.0% of the dividends ($0.4896 per
common share) are characterized as return of capital. The Company declared
and paid four dividends totaling $2.00 per depositary share on its Series A 8%
Preferred Stock during 2012. The Company also declared and paid four
dividends totaling $2.25 per depositary share on its Series B 9% Preferred
Stock during 2012. For tax purposes, 100.0% of all the Preferred Stock
dividends are characterized as ordinary income. The information will be
reported to shareholders on Form 1099-DIV.
Saul Centers is a self-managed, self-administered equity real estate
investment trust headquartered in Bethesda, Maryland. Saul Centers currently
operates and manages a real estate portfolio of 58 operating community and
neighborhood shopping center and office/mixed-use properties totaling
approximately 9.5 million square feet of leasable area. Over 85% of the
Company's cash flow is generated from properties in the metropolitan
Washington, DC/Baltimore area.
More information about Saul Centers, Inc. is available on the Company's
website at www.SaulCenters.com.
SOURCE Saul Centers, Inc.
Contact: Scott V. Schneider, +1-301-986-6220
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