|
|
| AvalonBay Communities Announces Income Allocations Of 2001 Common and Preferred Share Dividend Distributions |
ALEXANDRIA, Va., Jan. 14 /PRNewswire-FirstCall/ -- AvalonBay Communities, Inc. (NYSE: AVB; PCX) reported today the following final income allocations of the Company's 2001 dividend distributions on its Common Stock and Preferred Stock as they will be reported on Form 1099-DIV. Common Shares (CUSIP #053484101) Declaration Record Payable Distribution Date Date Date Per Share 02/13/01 03/30/01 04/16/01 $0.6400 06/15/01 06/29/01 07/16/01 0.6400 08/30/01 10/01/01 10/15/01 0.6400 11/07/01 12/31/01 01/15/02 0.6400 Totals $2.5600 100% Taxable Return of 20% Unrecaptured Ordinary Capital Rate Section Income Gain 1250 Gain $0.5120 $0.0000 $0.0896 $0.0384 0.5120 0.0000 0.0896 0.0384 0.5120 0.0000 0.0896 0.0384 0.5120 0.0000 0.0896 0.0384 Totals $2.0480 $0.0000 $0.3584 $0.1536 80% 0% 14% 6% Preferred Shares Series C (CUSIP #053484200) Declaration Record Payable Distribution Date Date Date Per Share 12/07/00 03/01/01 03/15/01 $0.53125 02/13/01 06/01/01 06/15/01 0.53125 06/15/01 08/31/01 09/17/01 0.53125 08/30/01 12/03/01 12/17/01 0.53125 Totals $2.12500 100% Taxable Return of 20% Unrecaptured Ordinary Capital Rate Section Income Gain 1250 Gain $0.42500 $0.00000 $0.07437 $0.03188 0.42500 0.00000 0.07437 0.03188 0.42500 0.00000 0.07437 0.03188 0.42500 0.00000 0.07437 0.03188 Totals: $1.70000 $0.00000 $0.29748 $0.12752 80% 0% 14% 6% Preferred Shares Series D (CUSIP #053484309) Declaration Record Payable Distribution Date Date Date Per Share 12/07/00 03/01/01 03/15/01 $0.5000 02/13/01 06/01/01 06/15/01 0.5000 06/15/01 08/31/01 09/17/01 0.5000 08/30/01 12/03/01 12/17/01 0.5000 Totals $2.0000 100% Taxable Return of 20% Unrecaptured Ordinary Capital Rate Section Income Gain 1250 Gain $0.4000 $0.0000 $0.0700 $0.0300 0.4000 0.0000 0.0700 0.0300 0.4000 0.0000 0.0700 0.0300 0.4000 0.0000 0.0700 0.0300 Totals: $1.6000 $0.0000 $0.2800 $0.1200 80% 0% 14% 6% Preferred Shares Series F (CUSIP #053484507) Declaration Record Payable Distribution Date Date Date Per Share 12/07/00 02/01/01 02/15/01 $0.56250 02/13/01 05/01/01 05/15/01 0.56250 Totals $1.12500 100% Taxable Return of 20% Unrecaptured Ordinary Capital Rate Section Income Gain 1250 Gain $0.45000 $0.00000 $0.07875 $0.03375 0.45000 0.00000 0.07875 0.03375 Totals: $0.90000 $0.00000 $0.15750 $0.06750 80% 0% 14% 6% Preferred Shares Series G (CUSIP #053484606) Declaration Record Payable Distribution Date Date Date Per Share 12/07/00 02/01/01 02/15/01 $0.5600 02/13/01 05/01/01 05/15/01 0.5600 06/15/01 08/01/01 08/15/01 0.5600 Totals $1.6800 100% Taxable Return of 20% Unrecaptured Ordinary Capital Rate Section Income Gain 1250 Gain $0.4480 $0.0000 $0.0784 $0.0336 0.4480 0.0000 0.0784 0.0336 0.4480 0.0000 0.0784 0.0336 Totals: $1.3440 $0.0000 $0.2352 $0.1008 80% 0% 14% 6% Preferred Shares Series H (CUSIP #053484705) Declaration Record Payable Distribution Date Date Date Per Share 12/07/00 03/01/01 03/15/01 $0.54375 02/13/01 06/01/01 06/15/01 0.54375 06/15/01 08/31/01 09/17/01 0.54375 08/30/01 12/03/01 12/17/01 0.54375 Totals $2.17500 100% Taxable Return of 20% Unrecaptured Ordinary Capital Rate Section Income Gain 1250 Gain $0.43500 $0.00000 $0.07613 $0.03262 0.43500 0.00000 0.07613 0.03262 0.43500 0.00000 0.07613 0.03262 0.43500 0.00000 0.07613 0.03262 Totals: $1.74000 $0.00000 $0.30452 $0.13048 80% 0% 14% 6% Totals may not sum due to rounding differences. Additionally, the Company did not incur any foreign taxes, and the information above presents final income allocations. About AvalonBay Communities, Inc. AvalonBay Communities, Inc., headquartered in Alexandria, Virginia, currently owns or holds an ownership interest in 139 apartment communities containing 40,602 apartment homes in eleven states and the District of Columbia, of which fifteen communities are under construction and three communities are under reconstruction. AvalonBay is in the business of developing, redeveloping, acquiring and managing luxury apartment communities in high barrier-to-entry markets of the United States. More information on AvalonBay may be found on AvalonBay's Web site at http://www.avalonbay.com .SOURCE AvalonBay Communities, Inc.
back to topRelated links:
CONTACT:
Thomas J. Sargeant, Executive Vice President
and Chief Financial Officer of AvalonBay Communities, Inc.,
+1-703-317-4635
