Boston real estate investment trust Berkshire Income Realty Inc. said it will pay its regular quarterly cash dividend of $.5625 on each share of its 9 percent Series A cumulative redeemable preferred stock.
The dividend will be paid Feb. 15 to shareholders of record on Feb. 10.
The regular cash dividend payable on the Series A Preferred Stock is payable on February 15, May 15, August 15 and November 15 of each year, according to a statement.
Also, the company is providing notification that the tax treatment for dividends paid on the Series A preferred stock during 2010 has been finalized. Total dividends of $2.25 per share of Series A Preferred Stock, or 9 percent of its $25 per share liquidation preference, were paid on a quarterly basis during the year ended Dec. 31, 2010. Of the total per share dividends paid by the company, $2.17, or 96.3 percent of the total, represents taxable ordinary dividends while the remaining 8-cents, or approximately 3.7 percent, represent non-taxable distributions.





