Mack-Cali Realty Corporation Announces 2005 Dividend Tax Treatment

Strategic Insights -

Mack-Cali Realty Corporation, a fully-integrated, self-administered, and self-managed real estate investment trust (REIT), has announced the tax treatment of its 2005 dividends. The total distribution of $2.52 per share of common stock is classified for income tax purposes, with the fourth quarter 2005 distributions being considered 2006 distributions for federal income tax purposes. This information is crucial for shareholders to consult with their tax advisors regarding their specific tax treatment of Mack-Cali Realty Corporation dividends.

Key Takeaways:

  • The tax treatment of Mack-Cali Realty Corporation's 2005 dividends is classified as follows: $2.52 per share of common stock distributed to holders of record as of January 6, 2006, considered 2006 distributions for federal income tax purposes.
  • Shareholders are encouraged to consult with their tax advisors to understand their specific tax treatment of Mack-Cali Realty Corporation dividends.
  • Mack-Cali Realty Corporation is a fully-integrated REIT, providing management, leasing, development, construction, and other tenant-related services for its class A real estate portfolio.
  • The company owns or has interests in 270 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 30 million square feet.
  • The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 2,100 tenants.
  • The Company's Web site is www.mack-cali.com, where additional information is available.
  • Statements made in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended.
  • The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information, or otherwise.

Statistics:

  • The total dividend distribution is $2.52 per share of common stock.
  • There are 270 properties owned or with interests in by Mack-Cali Realty Corporation.
  • The total square footage of the properties is approximately 30 million square feet.
  • The number of tenants served is approximately 2,100.
  • The company's common stock CUSIP is 554489104.

Sources:

  • Mack-Cali Realty Corporation press release, dated January 6, 2006.