New Plan Excel Realty Trust Announces Tax Allocations of 2006 Dividend Distributions
18 January 2007 - 8:49AM
PR Newswire (US)
NEW YORK, Jan. 17 /PRNewswire-FirstCall/ -- New Plan Excel Realty
Trust, Inc. (NYSE:NXL) today announced the tax allocations of the
2006 dividend distributions on its Common Shares and Preferred
Shares. Dividends paid on Common Shares totaled $1.25 per share in
2006. For shareholders of New Plan Excel Realty Trust, Inc. Common
Shares and Preferred Shares, the Form 1099-DIV summarizes the tax
allocations of the 2006 dividend distributions. The amounts
indicated on the Form 1099-DIV should be reported on a
shareholders' 2006 federal income tax returns. The schedule below,
presented on a per share basis, is provided for informational
purposes only and should only be used to clarify the Form 1099-DIV.
COMMON SHARES (NYSE:NXL); CUSIP #648053106 Return of Unrecaptured
Payment Ordinary Total Capital Total Sec.1250 Dates Dividend
Capital Gain (Non- Dividends Gain(2) Income taxable)(1) Paid
1/17/06 $0.228777 $0.053225 $0.030498 $0.3125 $0.020396 4/17/06
$0.228777 $0.053225 $0.030498 $0.3125 $0.020396 7/17/06 $0.228777
$0.053225 $0.030498 $0.3125 $0.020396 10/16/06 $0.228777 $0.053225
$0.030498 $0.3125 $0.020396 Totals $0.915108 $0.212900 $0.121992
$1.2500 $0.081584 7.80 PERCENT SERIES D CUMULATIVE STEP-UP PREMIUM
RATE; CUSIP #648053700 Return of Unrecaptured Payment Ordinary
Total Capital Total Sec.1250 Dates Dividend Capital Gain (Non-
Dividends Gain(2) Income taxable)(1) Paid 1/17/06 $0.790979
$0.184021 - $0.9750 $0.070517 4/17/06 $0.790979 $0.184021 - $0.9750
$0.070517 7/17/06 $0.790979 $0.184021 - $0.9750 $0.070517 10/16/06
$0.790979 $0.184021 - $0.9750 $0.070517 Totals $3.163916 $0.736084
- $3.9000 $0.282068 7.625 percent Series E Cumulative Redeemable
Preferred (NYSE:NXLprE); CUSIP #6480538090 Return of Unrecaptured
Payment Ordinary Total Capital Total Sec.1250 Dates Dividend
Capital Gain (Non- Dividends Gain(2) Income taxable)(1) Paid
1/17/06 $0.386614 $0.089946 - $0.47656 $0.034467 4/17/06 $0.386614
$0.089946 - $0.47656 $0.034467 7/17/06 $0.386614 $0.089946 -
$0.47656 $0.034467 10/16/06 $0.386614 $0.089946 - $0.47656
$0.034467 Totals $1.546456 $0.359784 - $1.90624 $0.137868 (1)
Represents a return of stockholders' original investment. (2)
Represents additional characterization of amounts included in Total
Capital Gain. The Company did not incur any foreign taxes in 2006.
The fourth quarter distributions declared on November 2, 2006, with
a record date of January 5, 2007 and paid on January 16, 2007, are
reportable for tax purposes in 2007. New Plan is one of the
nation's largest real estate companies, focusing on the ownership,
management and development of community and neighborhood shopping
centers. As of September 30, 2006, the Company operates as a
self-administered and self-managed REIT, with a national portfolio
of 477 properties, including 175 properties held through joint
ventures, and total assets of approximately $3.5 billion. The
properties are strategically located across 39 states and include
461 community and neighborhood shopping centers, primarily grocery
or name-brand discount chain anchored, with approximately 68.1
million square feet of gross leasable area, and 16 related retail
real estate assets, with approximately 694,000 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 or 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 and changes in capitalization rates with respect to the
acquisition and disposition of properties; 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; governmental
approvals, actions and initiatives; 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 "Risk Factors" in the
Company's Annual Report on Form 10-K for the year ended December
31, 2005, which discuss these and other factors that could
adversely affect the Company's results. DATASOURCE: New Plan Excel
Realty Trust, Inc. CONTACT: Stacy Slater, Senior Vice President -
Corporate Communications of New Plan Excel Realty Trust, Inc.,
+1-212-869-3000, Web site: http://www.newplan.com/
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