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Monmouth Real Estate Investment Corporation Announces Tax Treatment for 2013 Distribution

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SOURCE Monmouth Real Estate Investment Corporation

FREEHOLD, N.J., Jan. 31, 2014 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the tax treatment of its 2013 distributions.  The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of Monmouth's common and preferred shares during the calendar year ended December 31, 2013.

Common - CUSIP 609720107

Payment Date

Div. Paid Per Share

Percent Taxable As Non-Qualifying Ord. Income  

Taxable As Long-Term Capital Gain  

Unrecap Sec 1250 Gain

 

Percent Treated As Return of Capital  

3/15/13

$0.15

18.109939%

19.960827%

0%

61.929234%

6/17/13

$0.15

20.933783%

5.003295%

2.477199%

71.585723%

9/16/13

$0.15

22.463380%

0.720245%

0%

76.816375%

12/16/13

$0.15

22.475213%

0.667923%

0%

76.856864%

TOTAL

$0.60

20.995578%

6.588073%

0.619300%

71.797049%

7.625% Series A Cumulative Redeemable Preferred - CUSIP 609720206

Payment Date

Div. Paid Per Share

Percent Taxable As Non-Qualifying Ord. Income  

Taxable As Long-Term Capital Gain  

Unrecap

Sec 1250 Gain

 

Percent Treated As Return of Capital  

3/15/13

$0.4766

31.510316%

68.489684%

0%

0%

6/17/13

$0.4766

73.770853%

17.543240%

8.685907%

0%

9/16/13

$0.4766

97.405266%

2.594734%

0%

0%

12/16/13

$0.4766

97.511604%

2.488396%

0%

0%

TOTAL

$1.9064

75.049515%

22.779007%

2.171478%

0%

7.875% Series B Cumulative Redeemable Preferred – CUSIP 609720305

Payment Date

Div. Paid Per Share

Percent Taxable As Non-Qualifying Ord. Income  

Taxable As Long-Term Capital Gain  

Unrecap

Sec 1250 Gain

 

Percent Treated As Return of Capital  

3/15/13

$0.4922

31.510316%

68.489684%

0%

0%

6/17/13

$0.4922

73.770853%

17.543240%

8.685907%

0%

9/16/13

$0.4922

97.405266%

2.594734%

0%

0%

12/16/13

$0.4922

97.511604%

2.488396%

0%

0%

TOTAL

$1.9688

75.049505%

22.779019%

2.171476%

0%

Monmouth Real Estate Investment Corporation, founded in 1968 and one of the oldest public equity REITs in the U.S., specializes in net-leased industrial properties subject to long-term leases primarily to investment grade tenants.  The Company is a fully integrated and self-managed real estate company, whose property portfolio consists of eighty industrial properties and one shopping center located in twenty-seven states, containing a total of approximately 10.7 million rentable square feet.  In addition, the Company owns a portfolio of REIT securities.

 

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