SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 18, 2002
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UNITED DOMINION REALTY TRUST, INC.
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(Exact name of registrant as specified in its charter)
Virginia 1-10524 54-0857512
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation of organization) Identification No.)
400 East Cary Street, Richmond, Virginia 23219
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(Address of principal executive offices - zip code)
(804) 780-2691
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Registrant's telephone number, including area code
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ITEM 5. OTHER EVENTS
On January 18, 2002, United Dominion Realty Trust, Inc. ("United Dominion"), the
registrant, issued a Press Release announcing the tax status of its 2001
reportable distributions to shareholders. The following is a summary of United
Dominion Realty Trust, Inc.'s Press Release:
UNITED DOMINION REALTY TRUST
TAX STATUS OF 2001 REPORTABLE DISTRIBUTIONS
Richmond, Va. (JANUARY 18, 2002) United Dominion Realty Trust, Inc., (NYSE: UDR)
reported today the tax status of its 2001 reportable distributions made to
shareholders. The classifications of the distributions are as follows:
----------------------------Portion Designated As-----------------
Unrecaptured
Payment Distribution Ordinary Long-term Gain* Section 1250 Return of
Date Per Share Income (10 or 20% Rate) Gain Capital
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Common Shares:
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01/30/2001 $ .2675 68.81% 10.31% 6.33% 14.55%
04/30/2001 $ .2700 68.81% 10.31% 6.33% 14.55%
07/31/2001 $ .2700 68.81% 10.31% 6.33% 14.55%
10/31/2001 $ .2700 68.81% 10.31% 6.33% 14.55%
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Total: $ 1.0775
Preferred Shares Series A:
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01/15/2001 $ .5781 83.36% 10.31% 6.33% 0.00%
04/16/2001 $ .5781 83.36% 10.31% 6.33% 0.00%
06/15/2001 $ .4752 83.36% 10.31% 6.33% 0.00%
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Total: $ 1.6314
Preferred Shares Series B:
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02/28/2001 $ .5375 83.36% 10.31% 6.33% 0.00%
05/31/2001 $ .5375 83.36% 10.31% 6.33% 0.00%
08/31/2001 $ .5375 83.36% 10.31% 6.33% 0.00%
11/30/2001 $ .5375 83.36% 10.31% 6.33% 0.00%
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Total: $2.1500
* 50.00% of the long-term gain is qualified five-year gain.
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Registered shareholders of United Dominion's common or preferred stock at
anytime during the year will receive an Internal Revenue Service Form 1099-DIV
from ChaseMellon Shareholder Services, LLC, the Company's dividend paying agent.
The form will report the gross dividends paid and the portions that are
designated as ordinary income, long-term gains, unrecaptured section 1250 gains,
and return of capital. If shares were held in "street name" during 2001, the IRS
form will be provided by a bank, brokerage firm, or nominee.
State taxation of REIT distributions vary, and may not be the same as federal
taxation. Because federal and state tax laws affect individuals differently, the
Company cannot advise shareholders on how distributions should be reported on
their tax returns.
United Dominion is one of the country's largest multifamily real estate
investment trusts, owning and operating apartment communities nationwide. The
Company currently owns approximately 76,000 apartment homes and is the developer
of approximately 800 homes under construction. United Dominion's common stock is
traded on the New York Stock Exchange under the symbol UDR. Additional
information about United Dominion may be found on its web site at www.udrt.com.
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Signatures
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
UNITED DOMINION REALTY TRUST, INC.
Date: January 22, 2002 /s/ Christopher D. Genry
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Christopher D. Genry
Executive Vice President and
Chief Financial Officer
Date: January 22, 2002 /s/ Scott A. Shanaberger
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Scott A. Shanaberger
Vice President and
Chief Accounting Officer
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