Pan Pacific Retail Properties Announces Tax Treatment of 2005 Dividends
January 17 2006 - 7:44PM
Business Wire
Pan Pacific Retail Properties, Inc. (NYSE:PNP), the largest
neighborhood shopping center real estate investment trust (REIT) on
the West Coast, today announced the tax treatment of its 2005
dividends. The 2005 distributions paid with respect to Pan Pacific
Retail Properties, Inc. (CUSIP #69806L104) are as follows: -0- *T
Total Record Payable Distribution Ordinary Date Date Per Share
Dividends
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02/25/05 03/15/05 $0.59 $0.59
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05/27/05 06/15/05 0.59 0.59
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08/26/05 09/15/05 0.59 0.59
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11/23/05 12/15/05 0.59 0.59
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Totals for 2005: $2.36 $2.36
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*T Note: In addition to the dividends distributed as shown above,
the Company has apportioned as a differently treated item under
section 59(d) of the Internal Revenue Code, attributable to a net
operating loss carryover, an amount equal to 0.5% of the total
dividend distributed. For more detailed information on the 2005
dividends please refer to the Investor Relations page of the
Company website to view the complete 1099 document which is located
at: http://www.pprp.com/investor-relations/pdf/sec_filings/
2005DividendAllocation.pdf (Due to its length, this URL may need to
be copied/pasted into your Internet browser's address field. Remove
the extra space if one exists.) Amounts reported to PNP Direct
Share Purchase and Dividend Reinvestment Plan participants could
differ due to administrative costs. Participants should refer to
their Form 1099 which will be mailed in late January and contact
The Bank of New York at (877) 664-5601 for further information.
ABOUT PAN PACIFIC RETAIL PROPERTIES Pan Pacific Retail Properties,
Inc. is an equity real estate investment trust (REIT) traded on the
New York Stock Exchange under the symbol PNP. The Company is the
largest neighborhood shopping center REIT focused exclusively on
the West Coast. Pan Pacific's portfolio currently totals 138
properties, encompassing approximately 22.7 million square feet of
retail space. The portfolio is principally diversified across five
distinct regions in the Western United States: Northern California,
Southern California, Washington, Oregon and Nevada. Pan Pacific
specializes in the acquisition, ownership and management of
community and neighborhood shopping centers for everyday
essentials. The Company's strategy is aimed at generating long-term
stable cash flow through maintaining a diverse portfolio and tenant
base, balanced with consistent growth through implementing its
acquisition and property management programs. Pan Pacific is
headquartered in Vista (San Diego), California, and has regional
offices located in Sacramento, California; Kent, Washington;
Portland, Oregon; and Las Vegas, Nevada. Additional information on
Pan Pacific is available on the Company's web site at www.pprp.com.
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