Public Storage 2003 Annual Report Download - page 110

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PUBLIC STORAGE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2003
F-31
A percentage of the long-term capital gain is unrecaptured section 1250 gain for the first, second and third
quarters of 2003 as follows:
2003 Percentage of Total Long-Term Capital Gain Distribution
1
st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Unrecaptured Section 1250 Gain 57.33% 96.36% 100.00% 0.00%
For corporate shareholders a portion of the total long-term capital gain is required to be recaptured as ordinary
income. For the first, second and third quarters of 2003 the percentages are as follows:
2003 Percentage of Total Long-Term Capital Gain Distribution
1
st Quarter 2nd Quarter 3rd Quarter 4th Quarter
IRC ยง291 Recapture 11.47% 19.27% 20.00% 0.00%
The following table summarizes dividends for the years ended December 31, 2003, 2002 and 2001:
2003 2002 2001
Per share Total Per share Total Per share Total
(in thousands, except per share data)
Cumulative Preferred Stock
Series A $ - $ - $1.875 $3,422 $2.500 $4,563
Series B $0.575 1,322 $2.343 5,389 $2.300 5,488
Series C $0.844 1,013 $1.688 2,024 $1.688 2,024
Series D $2.375 2,850 $2.375 2,850 $2.375 2,850
Series E $2.500 5,488 $2.500 5,488 $2.500 5,488
Series F $2.437 5,606 $2.437 5,606 $2.437 5,606
Series G - - - - $1.664 11,482
Series H - - - - $1.608 10,853
Series I - - - - $1.869 7,475
Series J - - $1.533 9,200 $2.000 12,000
Series K $2.063 9,488 $2.063 9,488 $2.063 9,488
Series L $2.063 9,488 $2.063 9,488 $2.063 9,488
Series M $2.188 4,922 $2.188 4,922 $2.188 4,922
Series Q $2.150 14,835 $2.150 14,835 $2.048 14,134
Series R $2.000 40,800 $2.000 40,800 $0.500 10,200
Series S $1.969 11,320 $1.969 11,320 $0.334 1,918
Series T $1.906 11,601 $1.809 11,011 - -
Series U $1.906 11,438 $1.641 9,849 - -
Series V $1.875 12,938 $0.469 3,234 - -
Series W $0.388 2,057 - - - -
Series X $0.215 1,030 - - - -
146,196 148,926 117,979
Common Stock
Common Stock $1.800 225,864 $1.800 209,077 $1.690 193,121
Equity Stock, Series A $2.450 21,501 $2.450 21,501 $2.450 19,455
Class B Common Stock - - $1.746 12,222 $1.639 11,475
Total Distributions $393,561 $391,726 $342,030