TCT Town & Country Trust

BALTIMORE, Jan. 13 /PRNewswire-FirstCall/ -- The Town and Country Trust (NYSE:TCT), announced today the Federal income tax characteristics of the distributions it paid in 2005 on its common shares as they will be reported on Form 1099-DIV. The classifications are as follows: CUSIP 892 081 100 Cash Taxable Declaration Record Payable Distribution Ordinary Return of Date Date Date Per Share Dividend Capital 2/02/05 2/18/05 3/10/05 $0.43 56.3% 43.7% 5/04/05 5/20/05 6/10/05 $0.43 56.3% 43.7% 8/01/05 8/19/05 9/09/05 $0.43 56.3% 43.7% 11/01/05 11/18/05 12/09/05 $0.43 56.3% 43.7% Totals $1.72 56.3% 43.7% No portion of the Company's distributions in 2005 represented capital gains. The Company's distributions in 2005 are not "qualified dividends" and, therefore, are not eligible for capital gains rates. The Town and Country Trust, a multifamily real estate investment trust, owns and operates 13,330 apartment homes in 39 multifamily properties in the Mid-Atlantic and Southeast. Additional information regarding The Town and Country Trust can be found on the Trust's web site at http://www.tctrust.com/. DATASOURCE: The Town and Country Trust CONTACT: Alan W. Lasker, Senior Vice President and CFO of The Town and Country Trust, +1-212-407-2151

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