SAN DIEGO, Jan. 11 /PRNewswire/ -- Burnham Pacific Properties, Inc.
(NYSE: BPP) today announced the tax status of dividends paid to stockholders
for 1999 as follows:
Cash Taxable Return
Record Payable Distribution Ordinary Of
Date Date Per Share Dividend Capital Capital Gain
03/24/99 03/31/99 $0.2625 $0.1632 $0.0875 $0.0118
06/23/99 06/30/99 $0.2625 $0.1632 $0.0875 $0.0118
09/23/99 09/30/99 $0.2625 $0.1632 $0.0875 $0.0118
12/22/99 12/31/99 $0.2625 $0.1632 $0.0875 $0.0118
Totals: $1.05 $0.6528 $0.3500 $0.0472
A Form 1099-DIV will be mailed to all shareholders of record that received
dividends in 1999 showing gross dividends paid, ordinary dividends (taxable),
non-taxable (return of capital) distributions, and capital gains.
Burnham Pacific is a real estate investment trust (REIT) that focuses on
value-added retail real estate opportunities throughout the United States.
The Company makes available on a quarterly basis supplemental information that
includes property and corporate level detail which is available upon request.
More information on Burnham Pacific may be found on the Company's web site at
burnhampacific.com or by calling 800-462-5181.
This news release contains "forward-looking statements" that predict or
indicate future events or trends or that do not relate to historical matters.
We cannot assure the future events or outcomes of the matters described in
these statements; rather, these statements merely reflect our current
expectations of the approximate outcome of the matter discussed. Investors
should read the documents the Company files from time to time with the SEC,
specifically the risk factors that were disclosed in our Registration
Statement on Form S-3 that was filed with the SEC on August 13, 1999. You
should be aware that the risk factors contained in that Form S-3 may not be
exhaustive. Therefore, we recommend that you read the information in that
Form S-3 together with other reports and documents that we file with the SEC
from time to time, including our Forms 10-K, 10-Q, and 8-K which may
supplement, modify, supersede or update those risk factors.
SOURCE Burnham Pacific Properties, Inc.
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Related links:
http://www.burnhampacific.com
CONTACT:
Daniel B. Platt, Chief Financial Officer of
Burnham Pacific Properties, Inc., 619-652-4700, fax 619-652-4711,
dbplatt@bpac.com
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