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Camden Property Trust Announces Tax Characteristics Of 2012 Distributions

Stocks in this article: CPT

Camden Property Trust (NYSE:CPT) announced today the income tax characteristics of its 2012 distributions paid to shareholders as they will be reported on Form 1099-DIV. The Company is releasing information at this time to aid banks, brokerage firms, and institutional investors that are required to issue Form 1099s to their account holders. The final classifications of the distributions for 2012 are as follows:

Camden Property Trust – Common Shares (CUSIP – 133131102)

                                                 

 

Record

Date

     

 

Payment

Date

     

Cash

Distribution

Per Share

     

Ordinary

Taxable

Dividend (1)

     

Capital Gain Distribution

     

Unrecaptured

Sec. 1250 Capital Gain

25% Rate

     

 

Return of Capital

03/30/12       04/17/12       $0.5600       43.0344%       28.3761%       28.5895%       0.0000%
06/29/12       07/17/12       $0.5600       43.0344%       28.3761%       28.5895%       0.0000%
09/28/12       10/17/12       $0.5600       43.0344%       28.3761%       28.5895%       0.0000%
12/17/12       01/17/13       $0.5600       43.0344%       28.3761%       28.5895%       0.0000%
                                   

Based on the above percentages, the following represents a 1099-DIV for one share of common stock:

                               
Form 1099-DIV     (Boxes 1a + 2a + 3)     Box 1a     Box 2a     Box 2b     Box 3
        Cash

Distribution

Per Share

   

Ordinary

Taxable

Dividend (1)

    Total

Capital Gain

Distributions

    Unrecaptured

Sec. 1250 Gain (2)

   

Nondividend Distributions (3)

Total     $2.2400     $0.9640     $1.2760     $0.6404     $0.0000
 

(1)

None of the dividends classified as ordinary taxable dividends represents “qualified dividend income” and, therefore, are not eligible for the lower tax rate.

(2)

Amounts in Box 2b are included in Box 2a.

(3)

Amounts in Box 3 are also known as Return of Capital.

 

For corporate shareholders the Section 291(a) preference item is 5.7179% of the total distribution.

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