Business & Finance
Business and Finance
Business and Finance
Wed, January 14, 2009
Tue, January 13, 2009 Developers Diversified Realty: Developers Diversified Announces Tax Allocations of 2008 Dividend Distributions
CLEVELAND, OH--(Marketwire - January 13, 2009) - Developers Diversified Realty (
For shareholders of Developers Diversified common and preferred shares, the Form 1099-DIV summarizes the allocation of 2008 dividends. The amounts indicated on Form 1099-DIV should be reported on shareholders' 2008 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.
Please note that the January 8, 2008 common share distribution is taxable in 2008.
Common Shares (NYSE : [ DDR ]) Cusip: 251591 103 Return Unrecaptured Total of Sec. Record Payable Ordinary Capital Capital Total 1250 Period Date Date Dividends Gain (1) Dividends Gain (2) ---------- --------- -------- -------- -------- -------- -------- 4Q07 12/21/2007 1/8/2008 0.424613 0.002354 0.233033 0.660000 0.002354 ---------- --------- -------- -------- -------- -------- -------- 1Q08 3/21/2008 4/8/2008 0.443913 0.002462 0.243625 0.690000 0.002462 ---------- --------- -------- -------- -------- -------- -------- 2Q08 6/20/2008 7/8/2008 0.443913 0.002462 0.243625 0.690000 0.002462 ---------- --------- -------- -------- -------- -------- -------- 3Q08 9/26/2008 10/7/2008 0.443913 0.002462 0.243625 0.690000 0.002462 ---------- --------- -------- -------- -------- -------- -------- ---------- --------- -------- -------- -------- -------- -------- Total 1.756352 0.009740 0.963908 2.730000 0.009740 ---------- --------- -------- -------- -------- -------- -------- (1) Represents a return of stockholders’ original investment (2) Represents additional characterization of amounts included in Total Capital Gain Preferred Class G Depository Shares (NYSE:DDR_pg) (1) Cusip: 251591 830 Total Unrecaptured Record Payable Ordinary Capital Total Sec. 1250 Period Date Date Dividends Gain Dividends Gain (2) --------- ---------- --------- -------- --------- ------------ 12/15/07 - 03/14/08 2/29/2008 3/17/2008 0.497243 0.002757 0.500000 0.002757 --------- ---------- --------- -------- --------- ------------ 03/15/08 - 06/14/08 5/30/2008 6/16/2008 0.497243 0.002757 0.500000 0.002757 --------- ---------- --------- -------- --------- ------------ 06/15/08 - 09/14/08 8/29/2008 9/15/2008 0.497243 0.002757 0.500000 0.002757 --------- ---------- --------- -------- --------- ------------ 09/15/08 - 12/14/08 12/1/2008 12/15/2008 0.497243 0.002757 0.500000 0.002757 --------- ---------- --------- -------- --------- ------------ Total 1.988972 0.011028 2.000000 0.011028 --------- ---------- --------- -------- --------- ------------ (1) There is no return of capital. (2) Represents additional characterization of amounts included in Total Capital Gain. Preferred Class H Depository Shares (NYSE:DDR_ph) (1) Cusip: 251591 822 Unrecaptured Record Payable Ordinary Capital Total Sec. 1250 Period Date Date Dividends Gain Dividends Gain (2) ---------- ---------- --------- -------- --------- ------------ 01/15/08 - 04/14/08 4/1/2008 4/15/2008 0.458397 0.002541 0.460938 0.002541 ---------- ---------- --------- -------- --------- ------------ 04/15/08 - 07/14/08 7/1/2008 7/15/2008 0.458396 0.002542 0.460938 0.002542 ---------- ---------- --------- -------- --------- ------------ 07/15/08 - 10/14/08 10/1/2008 10/15/2008 0.458396 0.002542 0.460938 0.002542 ---------- ---------- --------- -------- --------- ------------ 10/15/08 - 01/14/09 12/31/2008 1/15/2009 0.458396 0.002542 0.460938 0.002542 ---------- ---------- --------- -------- --------- ------------ Total 1.833585 0.010167 1.843752 0.010167 ---------- ---------- --------- -------- --------- ------------ (1) There is no return of capital. (2) Represents additional characterization of amounts included in Total Capital Gain. Preferred Class I Depository Shares (NYSE:DDR_pi) (1) Cusip: 251591 780 Unrecaptured Record Payable Ordinary Capital Total Sec. 1250 Period Date Date Dividends Gain Dividends Gain (2) ---------- ---------- --------- -------- --------- ------------ 01/15/08 - 04/14/08 4/1/2008 4/15/2008 0.466166 0.002584 0.468750 0.002584 ---------- ---------- --------- -------- --------- ------------ 04/15/08 - 07/14/08 7/1/2008 7/15/2008 0.466165 0.002585 0.468750 0.002585 ---------- ---------- --------- -------- --------- ------------ 07/15/08 - 10/14/08 10/1/2008 10/15/2008 0.466165 0.002585 0.468750 0.002585 ---------- ---------- --------- -------- --------- ------------ 10/15/08 - 01/14/09 12/31/2008 1/15/2009 0.466165 0.002585 0.468750 0.002585 ---------- ---------- --------- -------- --------- ------------ Total 1.864661 0.010339 1.875000 0.010339 ---------- ---------- --------- -------- --------- ------------ (1) There is no return of capital. (2) Represents additional characterization of amounts included in Total Capital Gain.
Developers Diversified Realty currently owns and manages approximately 720 retail operating and development properties in 45 states, plus Puerto Rico, Brazil, Russia and Canada, totaling approximately 159 million square feet. Developers Diversified is a self-administered and self-managed REIT operating as a fully integrated real estate company that acquires, develops, leases and manages shopping centers. Additional information about the company is available on the Internet at [ www.ddr.com ].
Developers Diversified Realty Corporation considers portions of this information to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company's expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause the results of the Company to differ materially from those indicated by such forward-looking statements, including, among other factors, local conditions such as oversupply of space or a reduction in demand for real estate in the area; competition from other available space; dependence on rental income from real property; the loss or significant downsizing of a major tenant; constructing properties or expansions that produce a desired yield on investment; our ability to sell assets on commercially reasonable terms including those under contract and those subject to a letter of intent; our ability to secure equity or debt financing on commercially acceptable terms or at all; our ability to enter into definitive agreements with regard to our financing and joint venture arrangements or our failure to satisfy conditions to the completion of these arrangements. For additional factors that could cause the results of the Company to differ materially from these indicated in the forward-looking statements, please refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2007. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
