Berkshire Income Realty Announces Tax Treatment for 2012 Dividends Paid
Berkshire Income Realty, Inc. (NYSE Amex Equities: BIR.PR.A), (NYSE Amex Equities: BIR_PA), (NYSE Amex Equities: BIRPRA), (NYSE Amex Equities: BIR-A), (NYSE Amex Equities: BIR.A), (NYSE Amex Equities: BIR/PRA) (the “Company”) announced today that the tax treatment for dividends paid on the Series A Preferred Stock during 2012 has been finalized. Total dividends of $2.25 per share of Series A Preferred Stock, or 9% of its $25 per share liquidation preference, were paid in quarterly installment during the year ended December 31, 2012. Of the total per share dividends paid by the Company, $2.25, or 100%, is taxable as a capital gain distribution reported on Form 1099-DIV, box 2a.... Read more
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