JACKSON, Miss., Jan. 13 /PRNewswire-FirstCall/ -- EastGroup Properties, Inc. The income tax treatment for the 2005 distributions for EastGroup Properties, Inc., CUSIP #277 276 101 traded on the New York Stock Exchange under ticker symbol EGP is as follows:
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Common
25%
Ordinary Capital Gain Return
Record Payable Distribu- Taxable 15% (Unrecaptured of
Dates Dates tions Dividend Capital Sec. 1250 Capital
Per Gain Gain)
Share
03/25/05 03/31/05 $.4850 $.3704 $.0008 $.0207 $.0931
06/17/05 06/30/05 .4850 .3704 .0008 .0207 .0931
09/21/05 09/30/05 .4850 .3704 .0008 .0207 .0931
12/21/05 12/30/05 .4850 .3704 .0008 .0207 .0931
TOTALS $1.9400 $1.4816 $.0032 $.0828 $.3724
Preferred D
The income tax treatment for the 2005 Series D Preferred distributions for EastGroup Properties, Inc. CUSIP #277 276 408 traded on the New York Stock Exchange under ticker symbol EGP PrD is as follows:
25%
Capital Return
Record Payable Distribu- Ordinary 15% Gain of
Dates Dates tions Taxable Capital (Unrecaptured Capital
Per Dividend Gain Sec. 1250
Share Gain)
03/31/05 04/15/05 $.4969 $.4697 $.0011 $.0261 $.0000
06/30/05 07/15/05 .4969 .4697 .0011 .0261 .0000
09/30/05 10/15/05 .4969 .4697 .0011 .0261 .0000
12/30/05 01/15/06 .4969 .4697 .0011 .0261 .0000
TOTALS $1.9876 $1.8788 $.0044 $.1044 $.0000
The Company did not incur any foreign taxes. Should you need any additional information, please call Bruce Corkern, Senior Vice President and Controller, at 601-354-3555.
EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on the development, acquisition, and operation of industrial properties in major Sunbelt markets throughout the United States with a special emphasis in the states of Florida, Texas, California and Arizona. Its strategy for growth is based on its property portfolio orientation toward premier business distribution facilities clustered near major transportation features. EastGroup's portfolio currently includes 21.8 million square feet with an additional 870,000 square feet of properties under development.
EastGroup Properties press releases are available at http://www.eastgroup.net/.
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