CUPERTINO, Calif., Jan. 23 /PRNewswire-FirstCall/ -- Mission West Properties, Inc. announced today the tax treatment of its 2006 dividends. The Company's total distributions of $0.64 per share of its common stock is to be classified for income tax purposes as 100% ordinary income. The dividends classified as taxable ordinary income are not "qualified dividend income" and, therefore, are not eligible for capital gains rates. No capital gains will be included in the 2006 distributions. The table below shows the amounts and dates of the quarterly dividend distributions to be reported on the 2006 Form 1099 to shareholders.
Record Date Payment Date Cash Distribution per Share
03/31/06 04/06/06 $0.16
06/30/06 07/06/06 $0.16
09/29/06 10/05/06 $0.16
12/29/06 01/04/07 $0.16
Dividend distributions which are declared and recorded during a calendar year and paid within 30 days of the end of the year are included in that year's distributions. Accordingly, the Company's 2006 dividend distributions include the January 4, 2007 payment to holders of Common Stocks.
Company Profile
Mission West Properties, Inc. operates as a self-managed, self-administered and fully integrated REIT engaged in the management, leasing, marketing, development and acquisition of commercial R&D properties primarily located in the Silicon Valley portion of the San Francisco Bay Area. Currently, the Company manages 107 properties totaling approximately 7.7 million square feet. For additional information, please contact Investor Relations at 408-725-0700.
