Saul Centers, Inc.

Notes/Supplemental Information: 

6.875% Series C Cummulative Redeemable Preferred - The balance of this series of stock was redeemed on October 17, 2019. As such, The Company paid a final prorated dividend covering the period from October 1, 2019 through (but not including) its October 17, 2019 redemption date

6.000% Series E Cummulative Redeemable Preferred - In October 2019, The Company paid a partial dividend on its Series E Preferred Stock, which was prorated from its September 17, 2019 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.