Saul Centers, Inc.

Notes/Supplemental Information: 

In April 2018, The Company declared a partial Dividend on our Series D Cumulative Redeemable Preferred Stock, which was prorated from its January 23, 2018 issuance date.

This spreadsheet and the accompanying instructions do not constitute, and should not be considered a substitute for, legal advice. The rules governing the proper tax characterization of distributions by REITs can be complex. Each REIT should consult its own tax advisor regarding the proper tax characterization and reporting of the REIT’s distributions.