Berkshire Income Realty Announces Tax Treatment for 2013 Dividends Paid
BOSTON -- January 17, 2014
Berkshire Income Realty, Inc. (NYSE MKT: BIR_pa), (NYSE MKT: BIRPRA), (NYSE
MKT: BIR-A), (NYSE MKT: BIR.PR.A) ("Berkshire" or the "Company") announced
today that the tax treatment for dividends paid on the Series A Preferred
Stock during 2013 has been finalized. Total dividends of $2.25 per share of
SeriesA Preferred Stock, or 9% of its $25 per share liquidation preference,
were paid in quarterly installments during the year ended December 31, 2013.
Of the total per share dividends paid by the Company, $2.25 or 100%, is
taxable as a capital gain distribution reported on Form 1099-DIV, box 2a.
The Company is a Real Estate Investment Trust ("REIT") whose objective is to
acquire, own, operate, develop and rehabilitate multifamily apartment
communities. The Company owns interests in twenty multifamily apartment
communities and one multifamily development project, of which six are located
in the Baltimore/Washington, D.C. metropolitan area; three are located in
Dallas, Texas; three are located in Virginia; two are located in Houston,
Texas; and one is located in each of Austin, Texas; Atlanta, Georgia;
Sherwood, Oregon; Tampa, Florida; Philadelphia, Pennsylvania; Walnut Creek,
California; and Denver, Colorado. The Company also owns interests in two
unconsolidated multifamily entities.
This press release may contain “forward-looking statements,” within the
meaning of the Private Securities Litigation Reform Act of 1995, about the
Company. These statements involve a number of risks and uncertainties that
could materially affect future results. Among these risk factors are the ones
listed in the Company’s periodic reports filed with the Securities and
Exchange Commission, including without limitation the Company’s Annual Report
on Form 10-K for the fiscal year ended December 31, 2012 and Quarterly Report
on Form 10-Q for the periods ended March 31, 2013, June 30, 2013 and September
Berkshire Income Realty, Inc.
Stephen Lyons, 1-617-574-8367
Press spacebar to pause and continue. Press esc to stop.