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MAA Announces Taxable Composition of 2012 Distributions
By: PR Newswire
Jan. 22, 2013 06:54 PM
MEMPHIS, Tenn., Jan. 22, 2013 /PRNewswire/ -- MAA (MAA: NYSE) today announced the taxable composition of its 2012 distributions paid to shareholders. The amount of distribution referred to as return of capital is considered by the Internal Revenue Service to be a return of invested capital and is not currently taxable. This amount should be applied to reduce the shareholders' tax cost basis of the related shares. The company did not incur any foreign taxes. The composition presented is applicable to all dividend distributions during 2012. The classifications for 2012 are as follows: COMMON STOCK (CUSIP NO. 59522J103)
The Long Term Capital Gain Distributions qualify for the 15% Reduced Tax Rate on Capital Gains. Please note REIT Ordinary Taxable Dividends, by law, do not qualify for the Reduced Tax Rate of 15%. (Logo: http://photos.prnewswire.com/prnh/20110614/CL19184LOGO ) This release is based on the preliminary work the company has performed on its filings and is subject to correction or adjustment based on the completion of those filings. The company is releasing information at this time to aid those required to distribute 1099s on the company's dividends. No material change in the taxable composition is expected. About MAA MAA is a self-administered, self-managed apartment-only real estate investment trust which owns or has ownership interest in 49,591 apartment units throughout the Sunbelt region of the U.S. Web-Site: www.maac.com SOURCE MAA Web 2.0 Latest News
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