Saul Centers, Inc. Announces Tax Treatment of 2023 Dividends

BETHESDA, Md., Jan. 19, 2024 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust (REIT), announced today the income tax treatment of its 2023 dividends. During 2023, the Company declared and paid four quarterly dividends on its Common Stock totaling $2.36 per share. For tax purposes, 74.2% of the dividends ($1.75 per common share) are characterized as ordinary income, while 25.8% of the dividends ($0.61 per common share) are characterized as return of capital. The information will be reported to shareholders on Form 1099-DIV and the ordinary income portion will be reported as section 199A dividends.

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