Camden Property Trust Announces Tax Characteristics of 2012 Distributions
HOUSTON -- January 16, 2013
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)
Cash Ordinary Unrecaptured
Record Payment Distribution Taxable Capital Gain Sec. 1250 Return
Distribution Capital Gain of
Date Date Per Share Dividend^(1) 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 (Boxes 1a + Box 1a Box 2a Box 2b Box 3
1099-DIV 2a + 3)
Cash Ordinary Total Unrecaptured
Distribution Taxable Capital Gain Sec. 1250 Distributions^(3)
Per Share Dividend^(1) Distributions
Total $2.2400 $0.9640 $1.2760 $0.6404 $0.0000
None of the dividends classified as ordinary taxable dividends
^(1) 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
Camden Property Trust
Kim Callahan, 713-354-2549
Press spacebar to pause and continue. Press esc to stop.