Friedman, Billings, Ramsey Group, Inc. Announces Tax Treatment of 2005 Distributions
Feb 16, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR) today announced the tax treatment of its 2005 distributions. Distributions are broken down by payment date, as follows:
Ordinary Income - 60%
Qualified Dividends and Capital Gain - 29%
Return of Capital - 11%
Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR)
2005 Dividend Information
term Long-term Return 2005
Income/ Capital Qualified Capital of Distri-
Ordinary Gains Dividends Gains Capital bution
Record Payable Dividends (ord (up to (up to (non- Per
Date Date (taxable) tax rates) 15% rate) 15% rate) taxable) Share(1)
------- --------- -------- ------- -------- ---------
12/31/04 01/28/05 49.5249% 10.5178% 27.3194% 1.6640% 10.9739% $0.058212
03/31/05 04/29/05 49.5249% 10.5178% 27.3194% 1.6640% 10.9739% $ 0.34
06/30/05 07/29/05 49.5249% 10.5178% 27.3194% 1.6640% 10.9739% $ 0.34
09/30/05 10/31/05 49.5249% 10.5178% 27.3194% 1.6640% 10.9739% $ 0.34
Note (1): Of the January 28, 2005 regular and special $0.39 dividend,
$0.058212/share is taxable in 2005, the remaining $0.331788/share
was taxable in 2004.
Note (2): The regular $0.20 cash dividend declared December 7, 2005 to
shareholders of record December 31, 2005 and payable January 31, 2006
will be taxable in 2006.
FBR shareholders should receive IRS Form 1099-DIV containing this information from their brokers, transfer agents or other institutions.
Shareholders who are tax exempt or non-U.S. corporations or residents may be required to report a portion of FBR's dividend defined by the IRS as excess inclusion income. The amount of excess inclusion income per share will be announced separately.
Shareholders are encouraged to consult with their own personal tax advisor regarding the specific federal, state, local, foreign and other tax consequences regarding ownership of shares and the specific tax treatment of FBR distributions.
About Friedman, Billings, Ramsey Group, Inc.
The parent company, Friedman, Billings, Ramsey Group, Inc., is a real estate investment trust (REIT) that invests primarily in mortgage-related assets and merchant banking opportunities. As a REIT, FBR is required to distribute more than 90% of its REIT earnings to shareholders.
Through its operating subsidiaries, FBR provides investment banking*, institutional brokerage*, asset management, and private client services. FBR focuses capital and financial expertise on eight industry sectors: consumer, diversified industrials, energy and natural resources, financial institutions, healthcare, insurance, real estate, and technology, media and telecommunications. FBR is headquartered in the Washington, D.C. metropolitan area with offices in Arlington, Va., Boston, Cleveland, Dallas, Denver, Houston, Irvine, London, New York, Phoenix, San Francisco and Seattle. Friedman, Billings, Ramsey Group, Inc. is the parent company of First NLC Financial Services, Inc., a non-conforming residential mortgage originator headquartered in Deerfield Beach, Florida. For more information, see http://www.fbr.com.
* Friedman, Billings, Ramsey & Co., Inc.
SOURCE Friedman, Billings, Ramsey Group, Inc.
For further information: Investors: Kurt Harrington, +1-703-312-9647, firstname.lastname@example.org, or Media: Lauren
Burk, +1-703-469-1004, email@example.com, both of Friedman, Billings, Ramsey Group, Inc.