Acadia Realty Trust (NYSE: AKR – "Acadia” or the "Company”), a real
estate investment trust ("REIT”) announced today the Federal tax
treatment for 2008 distributions to holders of its common shares of
beneficial interest ("Common Shares”).
The income tax treatment for the 2008 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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3/31/2008
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4/15/2008
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$0.210000
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$0.112806
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$0.041284
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$0.055910
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6/30/2008
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7/15/2008
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$0.210000
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$0.112806
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$0.041284
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$0.055910
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9/30/2008
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10/15/2008
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$0.210000
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$0.112806
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$0.041284
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$0.055910
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12/31/2008
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1/15/2009
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$0.210000
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$0.112806
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$0.041284
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$0.055910
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12/31/2008
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1/30/2009
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$0.550000
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$0.295444
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$0.108126
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$0.146430
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The distributions that the Company will pay on January 15, 2009 and
January 30, 2009, to shareholders of record as of December 31, 2008, are
reportable in 2008. 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 may constitute forward-looking
statements within the meaning of the federal securities laws and as such
may involve known and unknown risks, uncertainties and other factors
which 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.
Factors that could cause or contribute to such differences include, but
are not limited to, those discussed under the headings "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" and "Risk Factors” in the Company’s most recent annual
report on Form 10-K filed with the SEC on February 29, 2008 (the "Form
10-K”) and other periodic reports filed with the SEC, including risks
related to: (i) the Company’s reliance on revenues derived from major
tenants; (ii) the Company’s limited control over joint venture
investments; (iii) the Company’s partnership structure; (iv) real estate
and the geographic concentration of our properties; (v) market interest
rates; (vi) leverage; (vii) liability for environmental matters;(viii)
the Company’s growth strategy; (ix) the Company’s status as a REIT (x)
uninsured losses and (xi) 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
Acadia's expectations with regard thereto or change in events,
conditions or circumstances on which any such statement is based.
