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UNITED STATES
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
JANUARY 26, 2005
(Date of Report)
EQUITY LIFESTYLE PROPERTIES, INC.
(Exact name of registrant as specified in its Charter)
1-11718
(Commission File No.)
MARYLAND 36-3857664
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
TWO NORTH RIVERSIDE PLAZA, CHICAGO, ILLINOIS 60606
(Address of principal executive offices) (Zip Code)
(312) 279-1400
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the following provisions (See
General Instructions A.2 below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule (14d-2(b)) under the
Exchange Act (17 CFR.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule (13e-4(c)) under the
Exchange Act (17 CFR.13e-4(c))
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ITEM 8.01 OTHER EVENTS
Equity LifeStyle Properties, Inc. (NYSE: ELS) announced the tax
treatment of its special January 2004 dividend of $8.00 per common share and its
quarterly 2004 dividend distributions of $0.05 per common share (CUSIP No.
29472R108) as follows:
Total Unrecap.
Ordinary Capital Sec.
Record Payable Distribution Taxable Gain 1250
Date Date Per Share Dividend Distribution Gain(1)
---- ---- --------- -------- ------------ -------
Special Dividend:
1/08/04 1/16/04 $8.0000 $1.0400 $6.9600 $2.1600
Quarterly Dividends:
3/26/04 4/09/04 $0.0125 $0.0016 $0.0109 $0.0034
6/25/04 7/09/04 $0.0125 $0.0016 $0.0109 $0.0034
9/24/04 10/08/04 $0.0125 $0.0016 $0.0109 $0.0034
12/31/04 1/14/05 $0.0125 $0.0016 $0.0109 $0.0034
------- ------- ------- -------
Total Quarterly Dividends $0.0500 $0.0064 $0.0436 $0.0136
------- ------- ------- -------
Total 2004 Dividends $8.0500 $1.0464 $7.0036 $2.1736
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(1) The Unrecap. Sec. 1250 Gain is a subset of, and included in, the
Total Capital Gain Distribution amount. Shareholders are encouraged to
consult with their tax advisors as to their specific tax treatment of
Equity LifeStyle Properties, Inc. dividends.
The forward-looking statements contained in this news release are
subject to certain risks and uncertainties including, but not limited to, the
Company's ability to maintain rental rates and occupancy with respect to
properties currently owned or pending acquisitions; the Company's assumptions
about rental and home sales markets; the completion of pending acquisitions and
timing with respect thereto; the effect of interest rates as well as other risks
indicated from time to time in the Company's filings with the Securities and
Exchange Commission. The Company assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent events.
Equity LifeStyle Properties, Inc. owns or has an interest in 275
quality communities in 25 states and British Columbia consisting of 101,169
sites. The Company is a self-administered, self-managed, real estate investment
trust (REIT) with headquarters in Chicago.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.
EQUITY LIFESTYLE PROPERTIES, INC.
BY: \s\ Michael B. Berman
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Michael B. Berman
Vice President, Treasurer and
Chief Financial Officer
DATE: January 28, 2005