American Land Lease, Inc. Announces 2006 Dividend Income Tax Allocations

  
    
  
  
    
      American Land Lease, Inc. (NYSE:ANL) (NYSE:ANL-PA) announces the 2006 
      dividend allocations for federal income tax purposes for its Common 
      Stock and publicly traded Preferred Stock.
    
    
      American Land Lease’s tax return for the year 
      ended December 31, 2006 has not yet been filed. As a result, the income 
      tax allocations for the dividends discussed below have been calculated 
      using the best information available at the time of this release. Please 
      note that federal tax laws affect taxpayers differently, and the 
      information in this release is not intended as advice to shareholders on 
      how dividends should be reported on their tax returns. Also note that 
      state and local taxation of real estate trust (REIT) dividends varies 
      and may not be the same as the taxation under the federal rules. ANL 
      encourages shareholders to consult with their own tax advisors with 
      respect to the federal, state, and local income tax effects of these 
      dividends.
    
    
      
        
          
            Common Stock
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
          Record
        
        
        
        
          Payable
        
        
        
        
          Dividend
        
        
        
        
          Ordinary
        
        
        
        
          Unrecaptured
        
        
        
        
          
            Return
          
        
        
        
      
      
        
          CUSIP
        
        
        
        
          Date
        
        
        
        
          Date
        
        
        
        
          
            Per
          
          
            Share
          
        
        
        
        
          Dividend
        
        
        
        
          Section 1250
        
        
        
        
          
            of
          
          
            Capital
          
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          027118108 
        
        
        
        
          2/16/06 
        
        
        
        
          2/28/06 
        
        
        
        
          $0.25 
        
        
        
        
          0.0%
        
        
        
        
          5.0%
        
        
        
        
          95.0%
        
        
        
      
      
        
          027118108 
        
        
        
        
          5/15/06 
        
        
        
        
          5/31/06 
        
        
        
        
          $0.25 
        
        
        
        
          0.0%
        
        
        
        
          5.0%
        
        
        
        
          95.0%
        
        
        
      
      
        
          027118108 
        
        
        
        
          8/15/06 
        
        
        
        
          8/31/06 
        
        
        
        
          $0.25 
        
        
        
        
          0.0%
        
        
        
        
          5.0%
        
        
        
        
          95.0%
        
        
        
      
      
        
          027118108 
        
        
        
        
          11/16/06 
        
        
        
        
          11/30/06 
        
        
        
        
          $0.25 
        
        
        
        
          0.0%
        
        
        
        
          5.0%
        
        
        
        
          95.0%
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
          $1.00 
        
        
        
        
          0.0%
        
        
        
        
          5.0%
        
        
        
        
          95.0%
        
        
        
      
    
    
      As previously announced on March 1, 2002, the Company increased its tax 
      basis in its real estate assets in 2001. At that time, the Company 
      projected that a greater percentage of future dividends paid, if any, 
      would be characterized as a return of capital to its shareholders when 
      compared to the percentage that would have been characterized as return 
      of capital if the Company did not utilize the ability to increase its 
      tax basis. Without the increase in its tax basis in 2001, the return of 
      capital for 2006 would have been approximately 63.6% as compared to the 
      95.0% actually reported and applicable for the year.
    
    
      
        
          
            Series A Cumulative Redeemable Preferred Stock
          
        
        
        
      
      
        
          
             
          
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
        
        
        
        
          Record
        
        
        
        
          Payable
        
        
        
        
          Dividend
        
        
        
        
          Ordinary
        
        
        
        
          
            Section
          
          
            1245
          
        
        
        
        
          
            Return
          
        
        
        
      
      
        
          CUSIP
        
        
        
        
          Date
        
        
        
        
          Date
        
        
        
        
          
            Per
          
          
            Share
          
        
        
        
        
          Dividend
        
        
        
        
          
            Ordinary
          
          
            Recapture
          
        
        
        
        
          
            Of
          
          
            Capital
          
        
        
        
      
      
        
          027118207 
        
        
        
        
          2/16/06 
        
        
        
        
          2/28/06 
        
        
        
        
          $0.4844 
        
        
        
        
          75.1%
        
        
        
        
          24.9%
        
        
        
        
          0.0%
        
        
        
      
      
        
          027118207 
        
        
        
        
          5/15/06 
        
        
        
        
          5/31/06 
        
        
        
        
          $0.4844 
        
        
        
        
          75.1%
        
        
        
        
          24.9%
        
        
        
        
          0.0%
        
        
        
      
      
        
          027118207 
        
        
        
        
          8/15/06 
        
        
        
        
          8/31/06 
        
        
        
        
          $0.4844 
        
        
        
        
          75.1%
        
        
        
        
          24.9%
        
        
        
        
          0.0%
        
        
        
      
      
        
          027118207 
        
        
        
        
          11/16/06 
        
        
        
        
          11/30/06 
        
        
        
        
          $0.4844 
        
        
        
        
          75.1%
        
        
        
        
          24.9%
        
        
        
        
          0.0%
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
          $1.9376 
        
        
        
        
          75.1%
        
        
        
        
          24.9%
        
        
        
        
          0.0%
        
        
        
      
    
    
      American Land Lease, Inc. is a Clearwater-based real estate investment 
      trust (REIT) that owns, develops and manages residential land lease 
      communities.