Winston Hotels Inc. Reports Income Tax Treatment for 2006 Common and Preferred Stock Shares
25 Gennaio 2007 - 12:44AM
Business Wire
Winston Hotels, Inc. (NYSE: WXH), today announced the income tax
treatment for its 2006 Common Stock and Preferred Stock
distributions. All of the preferred distribution and a portion of
the common distribution declared in December 2006 but paid in
January 2007 was paid out of Winston Hotels, Inc.�s 2006 earnings
and profits. Pursuant to Internal Revenue Code Section 857(b)(9),
these distributions are required to be included in the taxpayer�s
2006 taxable income. The remaining amount of the common
distribution paid in January 2007 will be subject to taxation in
2007. The income tax treatment for the 2006 Common Stock
distributions for Winston Hotels, Inc., (CUSIP #97563A 10 2) traded
under the ticker symbol WXH is as follows: Declaration Date Record
Date Payment Date Dividends Paid Per Share Ordinary Income Return
of Capital Unrecap Sec. 1250 Gain 12/30/05� 12/28/05� 1/16/06�
$0.150� $0.116� $0.000� $0.034� 3/13/06� 3/31/06� 4/13/06� $0.150�
$0.116� $0.000� $0.034� 6/15/06� 6/30/06� 7/14/06� $0.150� $0.116�
$0.000� $0.034� 9/7/06� 9/29/06� 10/16/06� $0.150� $0.116� $0.000�
$0.034� 12/12/06� 12/29/06� 1/16/07� $0.018� $0.014� $0.000�
$0.004� Total: �$0.618� $0.478� ��$0.000� ��$0.140� The Company
also announced that the income tax treatment for the 2006 Series B
Preferred Stock distributions for Winston Hotels, Inc., (CUSIP
#97563A 30 0) traded under the ticker symbol WXH PrB is as follows:
Declaration Date Record Date Payment Date Dividends Paid Per Share
Ordinary Income Return of Capital Unrecap Sec. 1250 Gain 12/30/05�
12/28/05� 1/16/06� $0.136� $0.105� $0.000� $0.031� 3/13/06�
3/31/06� 4/13/06� $0.500� $0.388� $0.000� $0.112� 6/15/06� 6/30/06�
7/14/06� $0.500� $0.388� $0.000� $0.112� 9/7/06� 9/30/06� 10/16/06�
$0.500� $0.388� $0.000� $0.112� 12/12/06� 12/29/06� 1/16/07�
$0.500� $0.388� $0.000� $0.112� �Total: $2.136� $1.657� �$0.000�
$0.479� The company did not incur any foreign taxes; the company
also does not have any income to report as excess inclusion income.
Winston�s tax return for the year ended December 31, 2006 has not
yet been filed. As a result, the income tax allocation for the
dividends discussed above has been calculated using the best
available information as of the date of this release. Please note
that federal tax laws affect taxpayers differently, and the
information in this release is not intended as advice to
shareholders on how dividends should be reported on their tax
returns. Also note that state and local taxation of real estate
investment trust (REIT) dividends varies and may not be the same as
the taxation under the federal rules. Winston encourages
shareholders to consult with their own tax advisors with respect to
the federal, state and local income tax effects of these dividends.
About the Company Winston currently owns or is invested in 53 hotel
properties in 18 states having an aggregate of 7,205 rooms. This
includes 44 wholly owned properties with an aggregate of 6,013
rooms and nine hotels in joint ventures totaling 1,192 rooms. The
company�s joint venture hotels include a 41.7% ownership interest
in a joint venture that owns one hotel with 121 rooms, a 60%
ownership interest in a joint venture that owns one hotel with 138
rooms, a 49% ownership interest in a joint venture that owns one
hotel with 118 rooms, a 48.78% ownership interest in a joint
venture that owns one hotel with 147 rooms, a 13.05% ownership
interest in a joint venture that owns four hotels with an aggregate
of 545 rooms and a 0.21% ownership interest in a joint venture that
owns one hotel with 123 rooms, for which substantially all of the
profit or loss generated by the joint venture is allocated to the
company. As of September 30, 2006, the company also had
approximately $61.7 million of outstanding loans in its loan
portfolio that it originated or purchased. The company does not
hold an ownership interest in any of the hotels for which it has
provided debt financing.
Grafico Azioni Winston (NYSE:WXH)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Winston (NYSE:WXH)
Storico
Da Lug 2023 a Lug 2024
Notizie in Tempo Reale relative a Winston Hotels (Borsa di New York (NYSE)): 0 articoli recenti
Più Winston Hotels, Inc. Articoli Notizie