Camden Property Trust Announces Tax Characteristics Of 2013 Distributions

Camden Property Trust (NYSE:CPT) announced today the income tax characteristics of its 2013 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 2013 are as follows:

Camden Property Trust – Common Shares (CUSIP – 133131102)
                              Unrecaptured      
Cash Ordinary Sec. 1250
Record Payment Distribution Taxable Capital Gain Capital Gain Return of
Date Date Per Share

Dividend (1)
Distribution 25% Rate Capital
03/28/13 04/17/13 $0.6300 55.5264% 30.2225% 14.2511% 0.0000%
06/28/13 07/17/13 $0.6300 55.5264% 30.2225% 14.2511% 0.0000%
09/30/13 10/17/13 $0.6300 55.5264% 30.2225% 14.2511% 0.0000%
12/17/13 01/17/14 $0.6300 55.5264% 30.2225% 14.2511% 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 Ordinary Total
Distribution Taxable Capital Gain Unrecaptured Nondividend
  Per Share

Dividend (1)
Distributions

Sec. 1250 Gain (2)

Distributions (3)
Total $2.5200 $1.3993 $1.1207 $0.3591 $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 2.8502% of the total distribution.

If you liked this article you might like

Camden Property Trust Upgraded to 'Buy' at Goldman Sachs

Camden Property Trust CEO Campo Just Wants Election to Be Over

Trade-Ideas: Camden Property (CPT) Is Today's "Barbarian At The Gate" Stock

3 Real Estate Stocks Moving The Industry Upward

Camden Property (CPT) Hits New Lifetime High Today