Camden Property Trust Announces Tax Characteristics Of 2012 Distributions

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.

Also, the company did not incur any foreign taxes during 2012.

In addition to historical information, this press release contains forward-looking statements under the federal securities law. These statements are based on current expectations, estimates and projections about the industry and markets in which Camden operates, management’s beliefs, and assumptions made by management. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties which are difficult to predict.

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, development, acquisition, management and disposition of multifamily apartment communities. Camden owns interests in and operates 193 properties containing 65,775 apartment homes across the United States. Upon completion of nine properties under development, the Company’s portfolio will increase to 68,620 apartment homes in 202 properties.

For additional information, please contact Camden's Investor Relations Department at (800) 922-6336 or (713) 354-2787 or access our website at camdenliving.com.

Copyright Business Wire 2010

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