NORTH MIAMI BEACH, Fla., Jan. 22 /PRNewswire-FirstCall/ -- Equity One, Inc. (NYSE: EQY), an owner, developer and operator of community and neighborhood shopping centers located predominately in high-growth markets in the southern United States, announced today the tax treatment of the 2003 dividend distributions on shares of its common stock.
For each stockholder of Equity One, the Form 1099-DIV will summarize the allocation of 2003 dividends paid on shares of Equity One common stock. The schedule below, presented on a per share basis, is provided for information purposes only, and should only be used to clarify the Form 1099-DIV. Shareholders are advised to consult with their tax advisor about specific tax treatment of Equity One's 2003 dividends.
The federal income tax characteristic of the 2003 distributions paid with respect to Equity One, Inc. common stock (CUSIP #294752100 and traded under ticker symbol EQY) is as follows:
15% Rate
Long Term Unrecaptured
Payment Total Ordinary Capital Gains Section 1250 Return of
Date Dividend Income (Post May 5) Gain Capital
03/31/2003 $0.2700 $0.1434 $0.0074 $0.0041 $0.1151
06/30/2003 $0.2700 $0.1434 $0.0074 $0.0041 $0.1151
09/30/2003 $0.2800 $0.1487 $0.0077 $0.0042 $0.1194
12/31/2003 $0.2800 $0.1487 $0.0077 $0.0042 $0.1194
Total $1.1000 $0.5842 $0.0302 $0.0166 $0.4690
100% 53.10% 2.76% 1.51% 42.64%
About Equity One, Inc.
Equity One is a real estate investment trust that principally acquires, renovates, develops and manages neighborhood and community shopping centers anchored by national and regional supermarket chains and other necessity- oriented retailers such as drug stores or discount retail stores. Our 19.8 million square foot portfolio consists of 185 properties located primarily in metropolitan areas of the southern United States, encompassing 124 supermarket-anchored shopping centers, 11 drug store-anchored shopping centers, 43 other retail-anchored shopping centers, two commercial properties and five retail developments, as well as non-controlling interests in two unconsolidated joint ventures. For additional information, please visit our web site at www.equityone.net.
Forward-Looking Statements
Certain matters discussed by Equity One in this press release constitute forward-looking statements within the meaning of the federal securities laws. Although Equity One believes that the expectations reflected in such forward- looking statements are based upon reasonable assumptions, it can give no assurance that these expectations will be achieved. Factors that could cause actual results to differ materially from current expectations include changes in macro-economic conditions and the demand for retail space in Florida, Texas, Georgia and the other states in which Equity One owns properties; the continuing financial success of Equity One's current and prospective tenants; continuing supply constraints in its geographic markets; the availability of properties for acquisition; the success of its efforts to lease up vacant properties; the effects of natural and other disasters; the ability of Equity One successfully to integrate the operations and systems of acquired companies and properties; and other risks, which are described in Equity One's filings with the Securities and Exchange Commission.
For additional information at the Company:
Howard Sipzner, CFO
305-947-1664
Media Contact:
Abbe Solomon
305-446-2700
SOURCE Equity One, Inc.
CONTACT: Howard Sipzner, CFO, Equity One, +1-305-947-1664, or Abbe Solomon, +1-305-446-2700, for Equity One
© PR Newswire
Only GlobeinvestorGOLD combines the strength of powerful investing tools with the insight of The Globe and Mail.
Discover a wealth of investment information and and exclusive features.
