EX-99.1 2 a5308331ex99_1.htm EXHIBIT 99.1 Exhibit 99.1
 
 
Ramco-Gershenson Properties Trust
31500 Northwestern Highway, Suite 300
Farmington Hills, MI 48334
(248) 350-9900
FAX: (248) 350-9925
NYSE: RPT
 
 
Contact: Dennis Gershenson, President & CEO FOR IMMEDIATE RELEASE
  or Richard Smith, CFO  
PHONE: (248) 350-9900  
FAX: (248) 350-9925  

 
 
RAMCO-GERSHENSON ANNOUNCES
2006 YEAR END TAX REPORTING INFORMATION

FARMINGTON HILLS, Mich., January 10, 2007- Ramco-Gershenson Properties Trust (NYSE:RPT) announced today that 2006 distributions on the Company’s common shares of beneficial interest represent 40.2722% ordinary income, 8.9383% qualified dividend income, and 50.7895% capital gain income. The distributions on the common shares for 2006 were based upon a quarterly rate of $0.4475 per share and an annual dividend distribution of $1.79 per share.

Ramco-Gershenson also announced that 2006 distributions on the Company’s 9.5% Series B Cumulative Redeemable Preferred Shares of beneficial interest (NYSE:RPTPRB) represent 40.2722% ordinary income, 8.9383% qualified dividend income and 50.7895% capital gain income. The distributions on the Series B Preferred shares for 2006 were based upon quarterly distributions of $0.5938 per share.

Further, that 2006 distributions on the Company’s 7.95% Series C Cumulative Convertible Preferred Shares of beneficial interest (NYSE:RPTPRC) represent 40.2722% ordinary income and 8.9383% qualified dividend income and 50.7895% capital gain income. The distributions on the Series C Convertible shares for 2006 were based upon a dividend of $0.5664375 per Series C cumulative convertible preferred share.

Ramco-Gershenson Properties Trust, headquartered in Farmington Hills, Michigan, is a fully integrated, self-administered, publicly-traded real estate investment trust (REIT), which owns, develops, acquires, manages and leases community shopping centers, regional malls and single tenant retail properties, nationally. Ramco-Gershenson owns interests in 81 shopping centers totaling approximately 18.3 million square feet of gross leasable area in Michigan, Florida, Georgia, Ohio, Wisconsin, Tennessee, Indiana, New Jersey, Virginia, South Carolina, North Carolina, and Maryland.
 
For further information on Ramco-Gershenson Properties Trust visit the Company’s
Web site at www.rgpt.com

 
 
 
 

REPORTING INFORMATION (FORM 1099) - DISTRIBUTIONS

The income tax treatment for 2006 distributions for Ramco-Gershenson Properties Trust common shares of beneficial interest, CUSIP No. 751452202*, traded on the New York Stock Exchange under ticker symbol RPT, is as follows:

*Also applies to CUSIP #751452103, for shares of beneficial interest that have not been exchanged for common shares of beneficial interest in the Maryland Trust pursuant to a change of venue merger which changed the Trust’s state of organization from Massachusetts to Maryland.
 
     
Gross
Taxable
Qualified
Long Term
  
Declaration
Record
Payable
Distribution
Ordinary
Dividend
Capital
Unrecaptured
Date
Date
Date
Per Share
Dividend
Income
Gain
1250 Gain
               
3/1/2006
3/20/2006
4/3/2006
$0.447500
$0.180218
$0.039999
$0.136722
$0.090561
6/14/2006
6/20/2006
7/3/2006
$0.447500
$0.180218
$0.039999
$0.136722
$0.090561
9/6/2006
9/20/2006
10/2/2006
$0.447500
$0.180218
$0.039999
$0.136722
$0.090561
12/6/2006
12/20/2006
1/02/07
$0.447500
$0.180218
$0.039999
$0.136722
$0.090561
   
Total   
$1.790000
$0.720872
$0.159996
$0.546888
$0.362244

The income tax treatment for 2006 distributions for Ramco-Gershenson Properties Trust 9.5% Series B Cumulative Redeemable Preferred shares, CUSIP No.751452400, traded on the New York Stock Exchange under ticker symbol RPTPRB, is as follows:

     
Gross
Taxable
Qualified
Long Term
  
Declaration
Record
Payable
Distribution
Ordinary
Dividend
Capital
Unrecaptured
Date
Date
Date
Per Share
Dividend
Income
Gain
1250 Gain
               
3/1/2006
3/20/2006
4/3/2006
$0.5938
$0.239136
$0.053076
$0.181420
$0.120168
6/14/2006
6/20/2006
7/3/2006
$0.5938
$0.239136
$0.053076
$0.181420
$0.120168
9/6/2006
9/20/2006
10/2/2006
$0.5938
$0.239136
$0.053076
$0.181420
$0.120168
12/6/2006
12/20/2006
1/02/07
$0.5938
$0.239136
$0.053076
$0.181420
$0.120168
   
Total   
$2.3752
$0.956544
$0.212304
$0.725680
$0.480672

 
 
 
 
 
The income tax treatment for 2006 distributions for Ramco-Gershenson Properties Trust 7.95% Series C Cumulative Redeemable Preferred shares, CUSIP No.751452509, traded on the New York Stock Exchange under ticker symbol RPTPRC, is as follows:
 
     
Gross
Taxable
Qualified
Long Term
  
Declaration
Record
Payable
Distribution
Ordinary
Dividend
Capital
Unrecaptured
Date
Date
Date
Per Share
Dividend
Income
Gain
1250 Gain
               
3/1/2006
3/20/2006
4/3/2006
$0.566438
$0.228117
$0.050631
$0.173060
$0.114630
6/14/2006
6/20/2006
7/3/2006
$0.566438
$0.228117
$0.050631
$0.173060
$0.114630
9/6/2006
9/20/2006
10/2/2006
$0.566438
$0.228117
$0.050631
$0.173060
$0.114630
12/6/2006
12/20/2006
1/02/07
$0.566438
$0.228117
$0.050631
$0.173060
$0.114630
   
Total   
$2.265752
$0.912468
$0.202524
$0.692240
$0.458520

The Company did not incur any foreign taxes.

THIS INFORMATION REPRESENTS FINAL INCOME ALLOCATIONS.