SOUTHFIELD, Mich., Jan. 8 /PRNewswire/ -- Ramco-Gershenson Properties
Trust (NYSE: RPT) announced today that 2001 distributions on the company's
common shares of beneficial interest represent a 30.71% capital gain and
69.29% ordinary income. The distributions for 2001 were based upon a
quarterly rate of $0.42 per share and an annual dividend distribution of $1.68
per share.
Ramco-Gershenson Properties Trust has a portfolio of 57 shopping centers,
with approximately 11.8 million square feet of gross leasable area, located in
Michigan, Ohio, Wisconsin, New Jersey, Maryland, Virginia, North Carolina,
South Carolina, Tennessee, Georgia, Alabama and Florida. Headquartered in
Southfield, Michigan, the Company is a fully integrated, self-administered,
publicly-traded real estate investment trust (REIT). The Trust owns,
develops, acquires and manages community shopping centers, regional malls and
single tenant retail properties, nationally.
This press release contains forward-looking statements with respect to the
operation of certain of the Trust's properties. Management of
Ramco-Gershenson believes the expectations reflected in the forward-looking
statements made in this document are based on reasonable assumptions. Certain
factors could occur that might cause actual results to vary. These include
general economic conditions, the strength of key industries in the cities in
which the Trust's properties are located, the performance of the Trust's
tenants at the Trust's properties and elsewhere, and other factors discussed
in the Trust's reports filed with the Securities and Exchange Commission.
REPORTING INFORMATION (FORM 1099) - DISTRIBUTIONS
The income tax treatment for 2001 distributions for Ramco-Gershenson
Properties Trust common shares of beneficial interest, CUSIP No. 751452202*,
traded on the New York Stock Exchange under ticker symbol RPT, is as follows:
Gross Taxable
Declaration Record Payable Distribution Ordinary Return of
Date Date Date Per Share Dividend Capital
3/7/01 3/31/01 4/17/01 $0.4200 $0.2910 $0.00
6/13/01 6/30/01 7/17/01 $0.4200 $0.2910 $0.00
9/14/01 9/30/01 10/16/01 $0.4200 $0.2910 $0.00
12/5/01 12/31/01 1/15/02 $0.4200 $0.2910 $0.00
Total $1.6800 $1.1640 $0.00
Unrecaptured
Declaration Record Short-term 28 Percent 20 Percent Section 1250
Date Date Capital Gain Rate Gain Rate Gain Gain
3/7/01 3/31/00 $0.00 $0.00 $0.1239 $0.0051
6/13/01 6/30/00 $0.00 $0.00 $0.1239 $0.0051
9/14/01 9/30/00 $0.00 $0.00 $0.1239 $0.0051
12/5/01 12/31/00 $0.00 $0.00 $0.1239 $0.0051
Total $0.00 $0.00 $0.4956 $0.0204
*Also applies to CUSIP #751452103, for shares of beneficial interest that
have not been exchanged for common shares of beneficial interest in the
Maryland Trust pursuant to a change of venue merger which changed the Trust's
state of organization from Massachusetts to Maryland.
The Company did not incur any foreign taxes.
THIS INFORMATION REPRESENTS FINAL INCOME ALLOCATIONS.
For further information on Ramco-Gershenson Properties Trust visit our
website @ http://www.ramco-gershenson.com .
SOURCE Ramco-Gershenson Properties Trust
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Related links:
http://www.ramco-gershenson.com
CONTACT:
Dennis Gershenson, President & CEO, or
Richard Smith, CFO, both of Ramco-Gershenson Properties Trust,
+1-248-350-9900, fax, +1-248-350-9925
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