AvalonBay Communities Announces 2007 Dividend Income Tax Treatment
ALEXANDRIA, Va.--(BUSINESS WIRE)--
AvalonBay Communities, Inc. (NYSE:AVB) announced today the final income allocations of the Company's 2007 dividend distributions on its Common Stock and Preferred Stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following tables:
Common Shares (CUSIP #053484101)
--------------------------------------------
Taxable
Declaration Record Payable Distribution Ordinary
Date Date Date Per Share Income (1)
--------------- -------------- ------------- ------------ -----------
1/29/2007 4/2/2007 4/16/2007 $0.85000 $0.29750
5/16/2007 6/29/2007 7/16/2007 0.85000 0.29750
9/19/2007 9/28/2007 10/15/2007 0.85000 0.29750
12/5/2007 12/31/2007 1/15/2008 0.85000 0.29750
-------------------------
Totals $3.40000 $1.19000
100% 35%
=========================
Unrecap.
Declaration Record Payable Return of Capital Section
Date Date Date Capital Gain 1250 Gain
--------------- -------------- ---------- --------- -------- ---------
1/29/2007 4/2/2007 4/16/2007 $0.00000 $0.45900 $0.09350
5/16/2007 6/29/2007 7/16/2007 0.00000 0.45900 0.09350
9/19/2007 9/28/2007 10/15/2007 0.00000 0.45900 0.09350
12/5/2007 12/31/2007 1/15/2008 0.00000 0.45900 0.09350
----------------------------
Totals $0.00000 $1.83600 $0.37400
0% 54% 11%
============================
Preferred Shares Series H (CUSIP #053484705)
--------------------------------------------
Taxable
Declaration Record Payable Distribution Ordinary
Date Date Date Per Share Income (1)
--------------- -------------- ------------- ------------ -----------
12/6/2006 3/1/2007 3/15/2007 $0.54375 $0.19031
1/29/2007 6/1/2007 6/15/2007 0.54375 0.19031
5/16/2007 8/31/2007 9/17/2007 0.54375 0.19031
9/19/2007 12/3/2007 12/17/2007 0.54375 0.19031
-------------------------
Totals $2.17500 $0.76125
100% 35%
=========================
Unrecap.
Declaration Record Payable Return of Capital Section
Date Date Date Capital Gain 1250 Gain
--------------- -------------- ---------- --------- -------- ---------
12/6/2006 3/1/2007 3/15/2007 $0.00000 $0.29363 $0.05981
1/29/2007 6/1/2007 6/15/2007 0.00000 0.29363 0.05981
5/16/2007 8/31/2007 9/17/2007 0.00000 0.29363 0.05981
9/19/2007 12/3/2007 12/17/2007 0.00000 0.29363 0.05981
----------------------------
Totals $0.00000 $1.17450 $0.23925
0% 54% 11%
============================
Components may not sum to the totals due to rounding differences. Additionally, the Company did not incur any foreign taxes, and the information above presents final income allocations.
(1) None of the dividends classified as taxable ordinary income represents "qualified dividend income" and, therefore, are not eligible for capital gains rates.
About AvalonBay Communities, Inc.
As of September 30, 2007, the Company owned or held a direct or indirect ownership interest in 182 apartment communities containing 51,898 apartment homes in ten states and the District of Columbia, of which 19 communities were under construction and nine communities were under reconstruction. AvalonBay is in the business of developing, redeveloping, acquiring, and managing apartment communities in high barrier-to-entry markets of the United States. More information on AvalonBay, an S&P 500 company, may be found on the Company's Web site at http://www.avalonbay.com.
Copyright (C) 2008 AvalonBay Communities, Inc. All Rights Reserved
Source: AvalonBay Communities, Inc.
Released January 11, 2008