Berkshire Income Realty Announces Quarterly Dividend and 2005 Dividend Tax Treatment

Strategic Insights -

Berkshire Income Realty, Inc. has announced its regular quarterly cash dividend of $.5625 per share of its 9% Series A Cumulative Redeemable Preferred Stock. This dividend will be payable on February 15, 2006, to shareholders of record on February 10, 2006. The company has also finalized the tax treatment for dividends paid on the Series A Preferred Stock during 2005, with a total of $2.25 per share being paid quarterly.

Key Takeaways:

  • The regular cash dividend payable on the Series A Preferred Stock is set to be paid on February 15, May 15, August 15, and November 15 of each year, according to the company's announcement.
  • The tax treatment for dividends paid on the Series A Preferred Stock during 2005 has been finalized, with total dividends of $2.25 per share being paid quarterly.
  • The Company's 9% Series A Cumulative Redeemable Preferred Stock is a high-yielding security with a liquidation preference of $25 per share.
  • Berkshire Income Realty owns interests in 24 multifamily apartment communities across various locations, including Baltimore/Washington, Houston, Chicago, and Dallas.
  • The Company's objective is to acquire, operate, and rehabilitate multifamily apartment communities, with a focus on generating income through rental properties.
  • The Company provides notification of finalized dividend tax treatment, allowing shareholders to make informed decisions regarding their investments.
  • The Company's annual report on Form 10-K for the fiscal year ended December 31, 2004, and quarterly reports on Form 10-Q for the periods ended March 31, 2005, June 30, 2005, and September 30, 2005, are public documents that detail the Company's business operations and risk factors.

Statistics:

  • Quarterly dividend of $.5625 per share of Berkshire Income Realty's 9% Series A Cumulative Redeemable Preferred Stock.
  • Total dividends paid per share of Series A Preferred Stock: $2.25.
  • Liquidation preference per share: $25.
  • Ordinary dividends as a percentage of total per share dividends: 93.1%.
  • Capital gain distributions as a percentage of total per share dividends: 6.9%.
  • 24 multifamily apartment communities owned by Berkshire Income Realty.

Sources:

  • Press Release by Berkshire Income Realty, Inc. - Exact text as provided.
  • Securities and Exchange Commission filings: Berkshire Income Realty's Annual Report on Form 10-K for the fiscal year ended December 31, 2004, and Quarterly Reports on Form 10-Q for the periods ended March 31, 2005, June 30, 2005, and September 30, 2005.