Acadia Realty Trust (NYSE: AKR – "Acadia” or the "Company”), a real
estate investment trust ("REIT”) announced today the Federal tax
treatment for 2009 distributions to holders of its common shares of
beneficial interest ("Common Shares”).
The income tax treatment for the 2009 distributions for Acadia Common
Shares (CUSIP # 004239109) traded on the NYSE under the ticker symbol
"AKR” is as follows:
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Total
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Taxable
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Unrecaptured
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Record
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Payable
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Distribution
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Ordinary
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Section 1250
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Section
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Date
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Date
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Per Share
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Dividend
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Gain
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1231 Gain
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3/31/2009
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4/15/2009
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$0.210000
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$0.199348
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$0.008035
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$0.002617
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6/30/2009
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7/15/2009
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$0.180000
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$0.170870
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$0.006887
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$0.002243
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9/30/2009
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10/15/2009
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$0.180000
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$0.170870
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$0.006887
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$0.002243
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The distribution that the Company will pay on February 1, 2010, to
shareholders of record as of December 31, 2009, will be reportable in
2010. Shareholders are encouraged to consult with their personal tax
advisors as to their specific tax treatment of Acadia’s distributions.
Acadia Realty Trust, headquartered in White Plains, NY, is a fully
integrated, self-managed and self-administered equity REIT focused
primarily on the ownership, acquisition, redevelopment and management of
retail and mixed-use properties including neighborhood and community
shopping centers located in urban and suburban markets in major
metropolitan areas.
Certain matters in this press release, including statements relating
to Acadia’s future operating results, may constitute forward-looking
statements within the meaning of federal securities law and as such may
involve known and unknown risk, uncertainties and other factors that may
cause the actual results, performances or achievements of Acadia to be
materially different from any future results, performances or
achievements expressed or implied by such forward-looking statements.
These forward-looking statements include statements regarding the
Company’s future financial results and its ability to capitalize on
potential opportunities arising from the current economic turmoil.
Factors
that could cause the Company’s forward-looking statements to differ from
future results include, but are not limited to, those discussed under
the headings "Risk Factors” and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" in the Company’s most
recent annual report on Form 10-K filed with the SEC on February 27,
2009 ("Form 10-K”) and other periodic reports filed with the SEC,
including risks related to:
(i) the current global financial
crisis and its effect on retail tenants,
including several recent
bankruptcies of major retailers; (ii) the Company’s reliance on revenues
derived from major tenants; (iii) the Company’s limited control over
joint venture investments; (iv) the Company’s partnership structures;
(v) real estate and the geographic concentration of Acadia’s properties;
(vi) market interest rates; (vii) leverage; (viii) liability for
environmental matters;(ix) the Company’s growth strategy; (x) the
Company’s status as a REIT (xi) uninsured losses and (xii) the loss of
key executives. Copies of the Form 10-K and the other periodic reports
Acadia files with the SEC are available on the Company’s website at www.acadiarealty.com.
Any forward-looking statements in this press release speak only as of
the date hereof. Acadia expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change in its
expectations with regard thereto or change in events, conditions or
circumstances on which any such statement is based.
