Acadia Realty Trust Announces Tax Reporting Information for 2016 Distributions

Business Wire 13-Jan-2017 4:15 PM

RYE, N.Y.--(BUSINESS WIRE)-- Acadia Realty Trust (NYSE: AKR Acadia or the Company) has determined that the Federal tax treatment for 2016 distributions to holders of its common shares of beneficial interest (CUSIP # 004239109) traded on the NYSE under the ticker symbol AKR is as follows:

Total Taxable Unrecaptured
Record Payable Distribution Ordinary Section 1250 Total

Date

Date

Per Share

Dividend

Gain

Capital Gain

3/31/2016 4/15/2016 $0.250000 $0.165038 $0.012220 $0.084962
6/30/2016 7/15/2016 $0.250000 $0.165038 $0.012220 $0.084962
9/30/2016 10/14/2016 $0.250000 $0.165038 $0.012220 $0.084962
12/30/2016 (regular) 1/13/2017 $0.260000 $0.171640 $0.012709 $0.088360
12/30/2016 (special) 1/13/2017 $0.150000 $0.099023 $0.007332 $0.050977

The regular and special distributions that the Company paid on January 13, 2017, to shareholders of record as of December 30, 2016, are reportable in 2016. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Acadias distributions.

About Acadia Realty Trust

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual core and fund operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nations most dynamic urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet. For further information, please visit www.acadiarealty.com.

Safe Harbor Statement

Certain matters in this press release may constitute forward-looking statements within the meaning of federal securities law and as such may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performances or achievements of Acadia to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. These forward-looking statements include statements regarding Acadias future financial results and its ability to capitalize on potential investment opportunities. Factors that could cause the Companys forward-looking statements to differ from its future results include, but are not limited to, those discussed under the headings Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations in the Companys most recent annual report on Form 10-K filed with the SEC on February 19, 2016 (Form 10-K) and other periodic reports filed with the SEC, including risks related to: (i) political and economic uncertainty; (ii) the Companys reliance on revenues derived from major tenants; (iii) the Companys limited control over joint venture investments; (iv) the Companys partnership structure; (v) real estate and the geographic concentration of the Companys properties; (vi) market interest rates; (vii) leverage; (viii) liability for environmental matters; (ix) the Companys growth strategy; (x) the Companys status as a REIT; (xi) uninsured losses and (xii) the loss of key executives. Copies of the Form 10-K and the other periodic reports Acadia files with the SEC are available on the Companys website at www.acadiarealty.com. Any forward-looking statements in this press release speak only as of the date hereof. Acadia expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Acadias expectations with regard thereto or change in events, conditions or circumstances on which any such statement is based.

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Acadia Realty Trust Amy L. Racanello, 914-288-8100

Source: Acadia Realty Trust