SAN DIEGO, Jan. 27 /PRNewswire/ -- Burnham Pacific Properties, Inc.
(NYSE: BPP), an equity real estate investment trust (REIT), today announced
the tax status of dividends paid to stockholders for 1998 as follows:
Record Payment Total Ordinary Return
Date Date Dividend Taxable of Capital
03/24/98 03/31/98 $0.2625 $0.1701 $0.0924
06/23/98 06/30/98 0.2625 0.1701 0.0924
09/23/98 09/30/98 0.2625 0.1701 0.0924
12/17/98 12/31/98 0.2625 0.1701 0.0924
Total $1.05 $0.6804 $0.3696
64.8% 35.2%
A Form 1099-DIV will be mailed to all shareholders of record that received
dividends in 1998 showing gross dividends paid, ordinary dividends (taxable),
and the non-taxable (return of capital) distributions.
Burnham Pacific is a fully integrated real estate operating company which
acquires, rehabilitates, develops and manages retail properties in western
United States. To date, the Company owns 83 properties and controls four
major leaseholds. Burnham Pacific maintains offices in California, Oregon and
Washington and 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 http://www.burnhampacific.com or by calling 800-462-5181.
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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