New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 14A-5

(a) all dividends and corporate distributions payable to an estate not constituted principal under the provisions of section 4 of this act, including, by way of description, but not by way of limitation, cash dividends, extraordinary and ordinary, distribution in the shares of the distributing corporation which under section 4 of this act shall be income and distributions in securities of a corporation other than the distributing corporation;

(b) all rights to subscribe to securities of a corporation accruing by reason of the ownership of securities of another corporation whose securities are held in an estate, and the proceeds of the sale of such rights;

(c) amounts paid upon shares of stock of a corporation held in an estate, in the course of the liquidation of such corporation, where such amounts are in payment of cash dividends, declared before such liquidation commenced, or are in payment of arrears of preferred or guaranteed dividends;

(d) distributions made from ordinary income by an investment company or investment trust referred to in section 1 of this act or a trust qualifying and electing to be taxed as a real estate investment trust under Federal law. All other distributions made by such a company or trust, including distributions from capital gains, depreciation or depletion, whether in the form of cash or an option to take new stock or cash or an option to purchase additional shares, shall be principal.