AML Amli Resident Prp Tr

CHICAGO, Jan. 12 /PRNewswire-FirstCall/ -- AMLI Residential (NYSE:AML) announces that the 2006 liquidating distributions on the common shares of AMLI Residential Properties Trust, including merger consideration paid on February 7, 2006, are taxable as capital gain or loss as a result of the merger measured by the difference, if any, between the value of the merger consideration received per share of common stock and the adjusted tax basis in that share. Such gain or loss will constitute long-term capital gain or loss if the share was held for more than one year as of the effective time of the merger. 2006 Reporting Information (Form 1099) - Distributions The income tax treatment for the 2006 liquidating distributions for common shares of AMLI Residential Properties Trust, CUSIP #001735109 traded under ticker symbol AML through February 3, 2006, is as follows: Record Payable Distributions Dates Dates Per Share Jan 20, 2006 Jan 31, 2006 $0.48 Feb 7, 2006 Feb 7, 2006 $37.952667 Totals $38.432667 AMLI Residential Properties Trust incurred no foreign taxes in 2006. The 2006 dividends are deemed to be the liquidating, and thus final, distributions made by AMLI Residential Properties Trust. DATASOURCE: AMLI Residential Properties Trust CONTACT: Randall W. Wosilus, AMLI Residential Properties Trust, +1-312-984-5047 Web site: http://www.amli.com/

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