The Board of Directors of Beacon Capital Partners, Inc.declared a cash dividend payment of $0.236278 per share, payable on December 28, 2007, to shareholders of record on December 21, 2007.
This dividend follows two prior dividends totaling $1.10 per share previously made in 2007. Including this liquidating dividend, the Company has made total distributions to the shareholders (in cash and securities from voting trusts) valued at $30.80 per share, or approximately 154% of the original stock price of $20.00 per share.
For purposes of determining the taxability of this dividend, the Company estimates that 100% is considered a return of capital. This is only a current estimate, and a final determination of the taxability of dividends for 2007 will be reported to shareholders in January 2008.
This dividend is the final dividend from the Company and is a result of the shareholder approval on December 20, 2007 of the proposed dissolution and liquidation of the Company as described in the proxy statement distributed to shareholders on November 23, 2007.
The dividend represents completion of the Company's asset sale plan that was approved by shareholders in April 2001. The Company will have no assets or operations after payment of this final dividend, and articles of dissolution of the Company will be filed promptly after payment of this final dividend. -- Beacon Capital Partners, Inc.
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