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News and Information Article
National Retail Properties, Inc. Announces 2006 Dividend Tax Status
ORLANDO, Fla., Jan. 12 /-FirstCall/ -- National Retail
Properties, Inc. (NYSE: NNN), an equity real estate investment trust,
announced today that 100% of the dividends paid to common and preferred
shareholders in 2006 is classified for federal income tax purposes as a
taxable distribution. The common stock and preferred series dividends paid
per share are classified as either ordinary income or capital gains as
outlined below.
Total Unrecaptured
Total Ordinary Capital Gain Sec. 1250
CUSIP # Dividend Income Distribution Gain (3)
100.00% 87.18% 12.82% 1.44%
Common Stock (1) 637417106 $1.32 $1.150780 $0.169220 $0.018959
Preferred
Series A (2) 637417205 $2.25 1.961557 0.288443 $0.032316
Preferred
Series B 202218301 41.875 36.506800 5.368200 0.601400
Preferred
Series C 637417403 0.250955 0.218784 0.032171 0.003604
(1) National Retail Properties, Inc. changed its name from Commercial Net
Lease Realty, Inc. effective May 1, 2006. As a result the CUSIP #
changed from CUSIP #202218103 (February 2006 dividend of $0.325) to
CUSIP #637417106.
(2) National Retail Properties, Inc. changed its name from Commercial Net
Lease Realty, Inc. effective May 1, 2006. As a result the CUSIP #
changed from CUSIP #202218111 (March 2006 dividend of $0.5625) to
CUSIP #637417205.
(3) Represents additional characterization of, and is part of, "Total
Capital Gain Distributions."
National Retail Properties invests primarily in high-quality retail
properties subject generally to long-term, net leases. As of September 30,
2006, the company owned 691 investment properties in 45 states with a gross
leasable area of approximately 9.3 million square feet. For more
information on the company, visit http://www.nnnreit.com.
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