BRE Properties, Inc. (NYSE:BRE) today announced the 2009 dividend tax status of its distributions to shareholders. The 2009 distribution classifications are:
| Â | Â | Â | Â | Â | Â | Â | ||||||||
| Common Shares Distribution (CUSIP 05564E106) | Â | Â | Â | Â | Â | Â | ||||||||
| Capital Gains | ||||||||||||||
| Record | Payment | Cash Distribution | Taxable Ordinary | Qualifying | Capital Gain | Unrecaptured Section 1250 Gain | Return of | |||||||
| Date | Â | Date | Â | Per Share | Â | Dividend | Â | Dividend | Â | 15%Rate | Â | 25% Rate | Â | Capital |
| 3/13/2009 | 3/31/2009 | $0.562500 | $0.485681 | $0.000000 | $0.000262 | $0.076557 | $0.000000 | |||||||
| 6/15/2009 | 6/30/2009 | $0.562500 | $0.485681 | $0.000000 | $0.000262 | $0.076557 | $0.000000 | |||||||
| 9/15/2009 | 9/30/2009 | $0.375000 | $0.323787 | $0.000000 | $0.000175 | $0.051038 | $0.000000 | |||||||
| 12/15/2009 | Â | 12/31/2009 | Â | $0.375000 | Â | $0.323787 | Â | $0.000000 | Â | $0.000175 | Â | $0.051038 | Â | $0.000000 |
| Totals: | Â | $1.875000 | Â | $1.618936 | Â | $0.000000 | Â | $0.000874 | Â | $0.255190 | Â | $0.000000 | ||
| Percentages: | Â | 100% | Â | 86.343% | Â | 0.000% | Â | 0.047% | Â | 13.610% | Â | 0.000% | ||
| Â | ||||||||||||||
| Series C Preferred Distribution (CUSIP 05564E502) | Â | Â | Â | Â | Â | Â | ||||||||
| Capital Gains | ||||||||||||||
| Record | Payment | Cash Distribution | Taxable Ordinary | Qualifying | Capital Gain | Unrecaptured Section 1250 Gain | Return of | |||||||
| Date | Â | Date | Â | Per Share | Â | Dividend | Â | Dividend | Â | 15% Rate | Â | 25% Rate | Â | Capital |
| 3/13/2009 | 3/31/2009 | $0.421875 | $0.364261 | $0.000000 | $0.000196 | $0.057418 | $0.000000 | |||||||
| 6/15/2009 | 6/30/2009 | $0.421875 | $0.364261 | $0.000000 | $0.000196 | $0.057418 | $0.000000 | |||||||
| 9/15/2009 | 9/30/2009 | $0.421875 | $0.364261 | $0.000000 | $0.000196 | $0.057418 | $0.000000 | |||||||
| 12/15/2009 | Â | 12/31/2009 | Â | $0.421875 | Â | $0.364261 | Â | $0.000000 | Â | $0.000196 | Â | $0.057418 | Â | $0.000000 |
| Totals: | Â | $1.687500 | Â | $1.457044 | Â | $0.000000 | Â | $0.000784 | Â | $0.229672 | Â | $0.000000 | ||
| Percentages: | Â | 100% | Â | 86.343% | Â | 0.000% | Â | 0.047% | Â | 13.610% | Â | 0.000% | ||
| Â | ||||||||||||||
| Series D Preferred Distribution (CUSIP 05564E601) | Â | Â | Â | Â | Â | Â | ||||||||
| Capital Gains | ||||||||||||||
| Record | Payment | Cash Distribution | Taxable Ordinary | Qualifying | Capital Gain | Unrecaptured Gain | Return of | |||||||
| Date | Â | Date | Â | Per Share | Â | Dividend | Â | Dividend | Â | 15% Rate | Â | 25% Rate | Â | Capital |
| 3/13/2009 | 3/31/2009 | $0.421875 | $0.364261 | $0.000000 | $0.000196 | $0.057418 | $0.000000 | |||||||
| 6/15/2009 | 6/30/2009 | $0.421875 | $0.364261 | $0.000000 | $0.000196 | $0.057418 | $0.000000 | |||||||
| 9/15/2009 | 9/30/2009 | $0.421875 | $0.364261 | $0.000000 | $0.000196 | $0.057418 | $0.000000 | |||||||
| 12/15/2009 | Â | 12/31/2009 | Â | $0.421875 | Â | $0.364261 | Â | $0.000000 | Â | $0.000196 | Â | $0.057418 | Â | $0.000000 |
| Totals: | Â | $1.687500 | Â | $1.457044 | Â | $0.000000 | Â | $0.000784 | Â | $0.229672 | Â | $0.000000 | ||
| Percentages: | Â | 100% | Â | 86.343% | Â | 0.000% | Â | 0.047% | Â | 13.610% | Â | 0.000% | ||
BNY Mellon Shareowner Services LLC will distribute copies of IRS Form 1099-DIV to 2009 shareholders of record of BRE''s common and preferred stock. Shareholders who held BRE''s stock in "street name" during 2009 will receive the form from their bank, brokerage or nominee. BRE recommends shareholders consult a tax professional to determine how distributions should be reported on state and federal tax forms.
About BRE Properties
BRE Properties, based in San Francisco, Calif., owns and manages apartment communities convenient to its residents'' work, shopping, entertainment and transit in supply-constrained Western U.S. markets. BRE directly owns and operates 73 apartment communities totaling 21,245 units in California, Arizona and Washington. The company invests in communities through acquisition and development, and currently has five properties in various stages of development and construction, totaling 1,526 units, and joint-venture interests in 13 additional apartment communities, totaling 4,080 units. BRE Properties is a real estate investment trust (REIT) listed in the S&P MidCap 400 Index. For more information on BRE Properties, please visit our Web site at www.breproperties.com. (Property data as of 09/30/09.)
Contacts:
BRE Properties, Inc.
Investor:
John A. Schissel,
415-445-6530
or
Media:
Thomas E. Mierzwinski,
415-445-6525
