FREEHOLD, N.J., Jan. 31, 2014 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the tax treatment of its 2013 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of Monmouth's common and preferred shares during the calendar year ended December 31, 2013.
Common - CUSIP 609720107
Payment Date | Div. Paid Per Share | Percent Taxable As Non-Qualifying Ord. Income | Taxable As Long-Term Capital Gain | Unrecap Sec 1250 Gain | Percent Treated As Return of Capital |
3/15/13 | $0.15 | 18.109939% | 19.960827% | 0% | 61.929234% |
6/17/13 | $0.15 | 20.933783% | 5.003295% | 2.477199% | 71.585723% |
9/16/13 | $0.15 | 22.463380% | 0.720245% | 0% | 76.816375% |
12/16/13 | $0.15 | 22.475213% | 0.667923% | 0% | 76.856864% |
TOTAL | $0.60 | 20.995578% | 6.588073% | 0.619300% | 71.797049% |
7.625% Series A Cumulative Redeemable Preferred - CUSIP 609720206
Payment Date | Div. Paid Per Share | Percent Taxable As Non-Qualifying Ord. Income | Taxable As Long-Term Capital Gain | Unrecap Sec 1250 Gain | Percent Treated As Return of Capital |
3/15/13 | $0.4766 | 31.510316% | 68.489684% | 0% | 0% |
6/17/13 | $0.4766 | 73.770853% | 17.543240% | 8.685907% | 0% |
9/16/13 | $0.4766 | 97.405266% | 2.594734% | 0% | 0% |
12/16/13 | $0.4766 | 97.511604% | 2.488396% | 0% | 0% |
TOTAL | $1.9064 | 75.049515% | 22.779007% | 2.171478% | 0% |
7.875% Series B Cumulative Redeemable Preferred - CUSIP 609720305
Payment Date | Div. Paid Per Share | Percent Taxable As Non-Qualifying Ord. Income | Taxable As Long-Term Capital Gain | Unrecap Sec 1250 Gain | Percent Treated As Return of Capital |
3/15/13 | $0.4922 | 31.510316% | 68.489684% | 0% | 0% |
6/17/13 | $0.4922 | 73.770853% | 17.543240% | 8.685907% | 0% |
9/16/13 | $0.4922 | 97.405266% | 2.594734% | 0% | 0% |
12/16/13 | $0.4922 | 97.511604% | 2.488396% | 0% | 0% |
TOTAL | $1.9688 | 75.049505% | 22.779019% | 2.171476% | 0% |
Monmouth Real Estate Investment Corporation, founded in 1968 and one of the oldest public equity REITs in the U.S., specializes in net-leased industrial properties subject to long-term leases primarily to investment grade tenants. The Company is a fully integrated and self-managed real estate company, whose property portfolio consists of eighty industrial properties and one shopping center located in twenty-seven states, containing a total of approximately 10.7 million rentable square feet. In addition, the Company owns a portfolio of REIT securities.
SOURCE Monmouth Real Estate Investment Corporation
