Berkshire Income Realty to Pay Regular Cash Dividend o
Series A Preferred Stock, Announces Tax Treatment for
January 29, 2010 12:20 PM Eastern Time
BOSTON--(EON: Enhanced Online News)--Berkshire Income Realty, Inc. (Amex: BIR.PR.A), (Amex: BIR_PA), (Amex: BIRP
A), (Amex: BIR.A), (Amex: BIR/PRA) (the “Company”) announced today that it will pay its regular quarterly cash dividend of $.5
of its 9% Series A Cumulative Redeemable Preferred Stock on February 16, 2010, to shareholders of record on February 8, 2010
dividend payable on the Series A Preferred Stock is payable on February 15, May 15, August 15 and November 15 of each year.
Also, the Company is providing notification that the tax treatment for dividends paid on the Series A Preferred Stock during 2009 h
Total dividends of $2.25 per share of Series A Preferred Stock, or 9% of its $25 per share liquidation preference, were paid on a
during the year ended December 31, 2009. Of the total per share dividends paid by the Company, $2.24, or 99.7% of the total, re
ordinary dividends while the remaining $0.01, or approximately 0.3%, represent non-taxable distributions.
The Company is a Real Estate Investment Trust (“REIT”) whose objective is to acquire, own, operate, and rehabilitate multifamily a
communities. The Company owns interests in twenty-six such multifamily apartment communities, of which six are located in the
Baltimore/Washington, D.C. metropolitan area, five are located in Virginia, four are located in Houston, Texas, two are located in
are located in the Chicago, Illinois area and one is located in each of Austin, Texas, Charlotte, North Carolina, Atlanta, Georgia, Sh
Tampa, Florida, Philadelphia, Pennsylvania and Los Angeles, California.
This press release may contain “forward-looking statements,” within the meaning of the Private Securities Litigation Reform Act of 1
Company. These statements involve a number of risks and uncertainties that could materially affect future results. Among these risk f
ones listed in th