New Plan Excel Realty Trust Announces Tax Allocations of 2004 Dividend Distributions
January 14 2005 - 11:50AM
PR Newswire (US)
New Plan Excel Realty Trust Announces Tax Allocations of 2004
Dividend Distributions NEW YORK, Jan. 14 /PRNewswire-FirstCall/ --
New Plan Excel Realty Trust, Inc. (NYSE:NXL) today announced the
tax allocations of the 2004 dividend distributions on its Common
Shares and Preferred Shares. Dividends paid on Common Shares
totaled $1.65 per share in 2004. COMMON SHARES (NYSE:NXL); CUSIP
#648053106 Payment Paid Per Ordinary Dividend Long-Term Return of
Dates Share Income Per Share Capital Gain Capital (Non-taxable)
1/15/04 $ 0.4125 $ 0.297123 - $ 0.115377 4/15/04 $ 0.4125 $
0.297123 - $ 0.115377 7/15/04 $ 0.4125 $ 0.297123 - $ 0.115377
10/15/04 $ 0.4125 $ 0.297123 - $ 0.115377 Totals $ 1.6500 $
1.188492 - $ 0.461508 7.80 PERCENT SERIES D CUMULATIVE STEP-UP
PREMIUM RATE; CUSIP #648053700 Payment Paid Per Ordinary Dividend
Long-Term Return of Dates Share Income Per Share Capital Gain
Capital (Non-taxable) 1/15/04 $ 0.975 $ 0.975 - - 4/15/04 $ 0.975 $
0.975 - - 7/15/04 $ 0.975 $ 0.975 - - 10/15/04 $ 0.975 $ 0.975 - -
Totals $ 3.900 $ 3.900 - - 7.625 PERCENT SERIES E CUMULATIVE
REDEEMABLE PREFERRED (NYSE:NXLprE); CUSIP #648053809 Payment Paid
Per Ordinary Dividend Long-Term Return of Dates Share Income Per
Share Capital Gain Capital (Non-taxable) 1/15/04 $ 0.47656 $
0.47656 - - 4/15/04 $ 0.47656 $ 0.47656 - - 7/15/04 $ 0.47656 $
0.47656 - - 10/15/04 $ 0.47656 $ 0.47656 - - Totals $ 1.90624 $
1.90624 - - The Company did not incur any foreign taxes in 2004.
The fourth quarter distributions declared on October 28, 2004, with
a record date of January 3, 2005 and payable on January 18, 2005,
are reportable for tax purposes in 2005. New Plan Excel Realty
Trust, Inc. is one of the nation's largest real estate companies,
focusing on the ownership and management of community and
neighborhood shopping centers. The Company operates as a
self-administered and self-managed REIT, with a national portfolio
of 403 properties, including 24 properties held through joint
ventures, and total assets of approximately $3.8 billion. Its
properties are strategically located across 35 states and include
381 community and neighborhood shopping centers, primarily grocery
or name-brand discount chain anchored, with approximately 55.6
million square feet of gross leasable area, and 22 related retail
real estate assets, with approximately 1.8 million square feet of
gross leasable area. For additional information, please visit
http://www.newplan.com/. Certain statements in this release that
are not historical fact may constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results of the Company to differ materially from historical results
or from any results expressed or implied by such forward-looking
statements, including without limitation: national and local
economic, business, real estate and other market conditions; the
competitive environment in which the Company operates; financing
risks; possible future downgrades in our credit ratings; property
ownership / management risks; the level and volatility of interest
rates; financial stability of tenants; the Company's ability to
maintain its status as a REIT for federal income tax purposes;
acquisition, disposition, development and joint venture risks,
including risks that developments and redevelopments are not
completed on time or on budget and strategies, actions and
performance of affiliates that the Company may not control;
potential environmental and other liabilities; and other factors
affecting the real estate industry generally. The Company refers
you to the documents filed by the Company from time to time with
the Securities and Exchange Commission, specifically the section
titled "Business-Risk Factors" in the Company's Annual Report on
Form 10-K for the year ended December 31, 2003, which discuss these
and other factors that could adversely affect the Company's
results. DATASOURCE: New Plan Excel Realty Trust, Inc. CONTACT:
Stacy Lipschitz-Slater, Senior Vice President - Corporate
Communications of New Plan Excel Realty Trust, Inc.,
+1-212-869-3000 Web site: http://www.newplanexcel.com/
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