Business & Finance
Business and Finance
Business and Finance
Mon, January 17, 2011
Fri, January 14, 2011
Thu, January 13, 2011 Sovran Self Storage, Inc. Announces Tax Reporting Information for 2010 Distributions
BUFFALO, N.Y.--([ BUSINESS WIRE ])--Sovran Self Storage, Inc. (NYSE:SSS), a self storage real estate investment trust (REIT), announced today the tax allocations of the Companya™s 2010 [ dividend ] distributions on its common stock (CUSIP #84610H108). The allocations will be reported on Form 1099-DIV as follows:
| Total | Unrecap. | |||||||||||||||||||||||
| Record | Payable | Ordinary | Capital | Return of | Total | Sec. 1250 | ||||||||||||||||||
| Date | Date | Dividends | Gain | Capital (1) | Dividends | Gain (2) | ||||||||||||||||||
| 01/14/10 | 01/26/10 | 0.326250 | 0.065250 | 0.058500 | 0.450000 | 0.033750 | ||||||||||||||||||
| 04/12/10 | 04/26/10 | 0.326250 | 0.065250 | 0.058500 | 0.450000 | 0.033750 | ||||||||||||||||||
| 07/12/10 | 07/26/10 | 0.326250 | 0.065250 | 0.058500 | 0.450000 | 0.033750 | ||||||||||||||||||
| 10/11/10 | 10/26/10 | 0.326250 | 0.065250 | 0.058500 | 0.450000 | 0.033750 | ||||||||||||||||||
| Total | 1.305000 | 0.261000 | 0.234000 | 1.800000 | 0.135000 |
(1) Represents a return of stockholdersa™ original investment.
(2) Represents additional characterization of amounts included in Total Capital Gain.
Shareholders are encouraged to consult their personal tax advisor with regard to their specific tax treatment of dividends.
Forward Looking Statements:
When used within this news release, the words aintends,a abelieves,a aexpects,a aanticipates,a and similar expressions are intended to identify aforward looking statementsa within the meaning of that term in Section 27A of the Securities Act of 1933, and in Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking statements. Such factors include, but are not limited to, the effect of competition from new self storage facilities, which could cause rents and occupancy rates to decline; the Companya™s ability to evaluate, finance and integrate acquired businesses into the Companya™s existing business and operations; the Companya™s existing indebtedness may mature in an unfavorable credit environment, preventing refinancing or forcing refinancing of the indebtedness on terms that are not as favorable as the existing terms; interest rates may fluctuate, impacting costs associated with the Companya™s outstanding floating rate debt; the Companya™s ability to comply with debt covenants; the future ratings on the Companya™s debt instruments; the regional concentration of the Companya™s business may subject it to economic downturns in the states of Florida and Texas; the Companya™s ability to effectively compete in the industries in which it does business; the Companya™s reliance on its call center; the Companya™s cash flow may be insufficient to meet required payments of principal, interest and dividends; and tax law changes which may change the taxability of future income.
About the Company:
Sovran Self Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. The Company operates 371 [ self storage ] facilities in twenty-four states under the name "Uncle Bob's Self Storage"®.
For more information, please contact David L. Rogers, CFO or Diane Piegza, VP Corporate Communications at 716-633-1850 or browse the Companya™s Web Site at [ www.unclebobs.com/company ].
