Excel Trust, Inc. (NYSE:EXL), a retail focused real estate investment trust (REIT), announced today the tax treatment of its 2011 dividend distributions. The company's total dividend distributions per share of common stock (CUSIP #30068C109) are to be classified for income tax purposes as follows:
Security Description | Record Date | Payable Date | Total Distribution Per Share | 2011 Taxable Ordinary Dividend | 2011 Total Capital Gain Distribution | 2011 Unrecaptured Section 1250 Gain | 2011 Return of Capital | |||||||||||||||||||||
Common Stock | 12/31/2010 | 1/17/2011 | 0.12 | 0.047801 | - | - | 0.021577 | |||||||||||||||||||||
Common Stock | 3/31/2011 | 4/15/2011 | 0.14 | 0.09646 | - | - | 0.04354 | |||||||||||||||||||||
Common Stock | 6/30/2011 | 7/15/2011 | 0.15 | 0.10335 | - | - | 0.04665 | |||||||||||||||||||||
Common Stock | 9/30/2011 | 10/17/2011 | 0.155 | 0.106795 | - | - | 0.048205 | |||||||||||||||||||||
Common Stock | 12/31/2011 | 1/16/2012 | 0.16 | 0 | - | - | 0 |
A portion of the common stock dividend distribution made to holders of record as of December 31, 2010 and paid on January 17, 2011, in the amount of $0.050622, was considered a 2010 dividend distribution for federal income tax purposes.
Distributions per share of Series A Cumulative Convertible Perpetual Preferred Stock (CUSIP#30068C208) are to be classified for income tax purposes as follows:
Security Description | Record Date | Payable Date | Total Distribution Per Share | 2011 Taxable Ordinary Dividend | 2011 Total Capital Gain Distribution | 2011 Unrecaptured Section 1250 Gain | 2011 Return of Capital | |||||||||||||||||||||
Series A Preferred | 3/31/2011 | 4/15/2011 | 0.3743 | 0.3743 | - | - | 0 | |||||||||||||||||||||
Series A Preferred | 6/30/2011 | 7/15/2011 | 0.4375 | 0.4375 | - | - | 0 | |||||||||||||||||||||
Series A Preferred | 9/30/2011 | 10/17/2011 | 0.4375 | 0.4375 | - | - | 0 | |||||||||||||||||||||
Series A Preferred | 12/31/2011 | 1/16/2012 | 0.4375 | 0 | - | - | 0 |
The common and preferred dividend distributions made to holders of record as of December 31, 2011, which were paid in 2012, are considered 2012 dividend distributions for federal income tax purposes. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Excel Trust's distributions.
About Excel Trust
Excel Trust, Inc. is a retail focused REIT that targets community and power centers, grocery anchored neighborhood centers and freestanding retail properties. The Company has elected to be treated as a REIT, for U.S. federal income tax purposes. Excel Trust trades publicly on the NYSE under the symbol "EXL". For more information on Excel Trust, Inc., please visit www.exceltrust.com.
Excel Trust, Inc.
Matt Romney, SVP, Capital Markets
858-613-1800
info@exceltrust.com
www.exceltrust.com