SAN DIEGO, Jan. 22 /PRNewswire/ -- Burnham Pacific Properties, Inc.
(NYSE: BPP) today announced the tax status of all of the distributions
declared and paid to stockholders for 2001 as follows:
Cash Distributions Liquidating
Record Date Payable Date Per Share Distributions
04/13/01 04/23/01 $0.10 $0.10
12/31/01 01/08/02 * $1.25 $1.25
Total $1.35 $1.35
* This distribution is included in taxable year 2001 because it was
declared in December 2001, was payable to stockholders of record on December
31, 2001, and was paid in January 2002.
These distributions are liquidating distributions and stockholders must
determine their tax consequences as a result of the distributions pursuant to
Internal Revenue Code Section 331. Accordingly, stockholders should consult
their individual tax advisors.
A Form 1099-DIV will be mailed to all stockholders of record that received
distributions with respect to 2001 indicating the gross distributions declared
and paid.
Burnham Pacific is a real estate investment trust (REIT) that focuses on
retail real estate. More information on Burnham Pacific may be found on the
Company's web site at http://www.burnhampacific.com .
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., +1-619-652-4700, or fax,
+1-619-652-4711, dbplatt@bpac.com
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