Business & Finance
Business and Finance
Business and Finance
Wed, February 2, 2011
Tue, February 1, 2011 Excel Trust Announces Tax Treatment of 2010 Dividend Distributions
SAN DIEGO--([ BUSINESS WIRE ])--Excel Trust, Inc. (NYSE:EXL), a retail focused real estate investment trust (REIT), announced today the tax treatment of its 2010 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:
| Record Date | Payable Date | Total Distribution per Share | 2010 Taxable Ordinary Dividend | 2010 Total Capital Gain Distribution | 2010 Unrecaptured Section 1250 Gain | 2010 | ||||||||||||||||||||
| 9/30/2010 | 10/15/2010 | $ | .080000 | $ | .080000 | - | - | - | ||||||||||||||||||
| 12/31/2010 | 01/17/2011 | .050622 | .050622 | - | - | - | ||||||||||||||||||||
Of the dividend distributions made to holders of record as of December 31, 2010 paid on January 17, 2011, $.069378 is considered 2011 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 Trusta™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 ].
