Thomas Properties Group, Inc. Announces Tax Treatment of 2006 Dividends
LOS ANGELES-February 01, 2007-
Thomas Properties Group, Inc. (Nasdaq:TPGI) announces the tax treatment for its 2006 dividend distributions as follows:
Record
Date |
Payable
Date |
Total
Distribution Per Share
|
Allocable to 2006
|
Income Dividend
|
Nontaxable
Distribution (Return of
Capital)
|
December
30, 2005 |
January 13, 2006 |
$0.06 |
$0.06 |
$0.00 |
$0.06 |
| March 31, 2006 |
April 14, 2006 |
$0.06 |
$0.06 |
$0.00 |
$0.06 |
| June 30, 2006 |
July 14, 2006 |
$0.06 |
$0.06 |
$0.00 |
$0.06 |
| September 29, 2006 |
October 13,
2006 |
$0.06 |
$0.06 |
$0.00 |
$0.06 |
| |
|
----------- |
----------- |
----------- |
----------- |
| Totals |
|
$0.24 |
$0.24 |
$0.00 |
$0.24 |
| |
|
======= |
======= |
======= |
======= |
The distributions payable on January 12, 2007 to shareholders of record on December 29, 2006 are considered 2007 distributions for federal income tax purposes.
Shareholders are encouraged to consult with their personal tax advisors as to their specific treatment of Thomas Properties Group, Inc. distributions.
About Thomas Properties Group, Inc.
Thomas Properties Group, Inc. is a full-service real estate company that owns, acquires, develops and manages office, retail and multi-family properties throughout the United States. The company has four primary areas of focus:
property operations, property acquisitions, property development and redevelopment, and investment management. The company seeks to capitalize on opportunities for above-average risk-adjusted investment returns from real estate ownership, while managing the volatility associated with the real estate industry through joint-venture ownership structures. For more information on Thomas Properties Group, Inc., visit the company's website at www.tpgre.com.
Forward Looking Statements
Statements made in this press release that are not historical may contain forward-looking statements. Although TPGI believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, these statements are subject to numerous risks and uncertainties. Factors that could cause actual results to differ materially from TPGI's expectations include actual and perceived trends in various national and economic conditions that affect global and regional markets for commercial real estate services, including interest rates, the availability of credit to finance commercial real estate transactions, and the impact of tax laws affecting real estate. For a discussion of some of the factors that may cause our results to differ from management's expectations, see the information under the captions "Risk Factors"
and "Management's Discussion and Analysis of Financial Condition and Results of Operations - Factors That May Influence Future Results of Operations" in our 10- K for the year ended December 31, 2005, which has been filed with the SEC. TPGI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Thomas Properties Group, Inc.
Diana Laing (CFO), 213-613-1900
SOURCE: Thomas Properties Group, Inc.
Copyright Business Wire 2007
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