Boston Properties Announces 2012 Tax Treatment of Its Distributions

  Boston Properties Announces 2012 Tax Treatment of Its Distributions

Business Wire

BOSTON -- January 18, 2013

Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, announced
today the 2012 tax treatment of its common stock distributions as described
below. Shareholders are encouraged to consult with their personal tax advisors
as to their specific tax treatment of Boston Properties distributions.

                                Total            Total            2012          2012          2012 Total       2012
 Record       Payment      Distribution   Distribution   Taxable     Qualified   Capital        Unrecaptured
  Date           Date           per Share        Allocable        Ordinary      Dividends     Gain             Section 1250
                                                 to 2012          Dividends     (1)           Distribution     Gain (2)
                                                                                               
Common Shares (CUSIP #101121101)
                                                                                                               
  12/31/2011     1/27/2012      $0.550000        $0.436631        $0.421126     $0.005526     $0.015505        $0.007113
  3/30/2012      4/30/2012      $0.550000        $0.550000        $0.530469     $0.006961     $0.019531        $0.008960
  6/29/2012      7/31/2012      $0.550000        $0.550000        $0.530469     $0.006961     $0.019531        $0.008960
  9/28/2012      10/31/2012     $0.550000        $0.550000        $0.530469     $0.006961     $0.019531        $0.008960
  12/31/2012     1/29/2013      $0.650000      $0.286895      $0.276707   $0.003631   $0.010188      $0.004674
                                                                                                               
                                $2.850000        $2.373526        $2.289240     $0.030040     $0.084286        $0.038667
                                                 100%             96.4489%                    3.5511%
                                                                                                               
  (1) Qualified Dividends is a subset of, and included in, the 2012 Taxable Ordinary Dividends amount.
  (2) Unrecaptured Section 1250 Gain is a subset of, and included in, the 2012 Total Capital Gain Distribution amount.
  

The common stock distribution with a record date of December 31, 2011 is a
split-year distribution with $0.436631 allocable to 2012 for federal income
tax purposes. The common stock distribution with a record date of December 31,
2012 will be a split-year distribution with $0.286895 allocable to 2012 for
federal income tax purposes and $0.363105 allocable to 2013 for federal income
tax purposes.

Boston Properties is a fully integrated, self-administered and self-managed
real estate investment trust that develops, redevelops, acquires, manages,
operates and owns a diverse portfolio of Class A office space, one hotel,
three residential properties and three retail properties. The Company is one
of the largest owners and developers of Class A office properties in the
United States, concentrated in five markets – Boston, New York, Princeton, NJ,
San Francisco and Washington, DC.

For more information about Boston Properties, please visit the Company’s web
site at www.bostonproperties.com.

Contact:

Boston Properties, Inc.
Michael Walsh, 617-236-3300
Senior Vice President, Finance
or
Arthur Flashman, 617-236-3300
Vice President, Controller
 
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