ELS Announces Tax Treatment of 2013 Distributions

  ELS Announces Tax Treatment of 2013 Distributions

Business Wire

CHICAGO -- January 20, 2014

Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as “we,”
“us,” and “our”) announced the tax treatment of the 2013 common and preferred
share distributions. The common distributions are adjusted for the 2-for-1
stock split distributed on July 15, 2013, for holders of record on July 5,
2013. The following table summarizes the income tax treatment of our 2013
common distributions. All numbers in the table are reported on a post-split
basis.

Common Shares (CUSIP No. 29472R108)

                                        Total                                                      
                                                 Distribution       Ordinary        Long-Term          Unrecaptured
Record         Payable        Distribution       Allocable to       Taxable         Capital Gain       Section 1250
Date        Date        Per Share       2013            Dividend     Distribution    Gain (1)
03/28/13       04/12/13       $0.250000          $0.250000          $0.177420       $0.072580          $0.017447
06/28/13       07/12/13       $0.250000          $0.250000          $0.177420       $0.072580          $0.017447
09/27/13       10/11/13       $0.250000          $0.250000          $0.177420       $0.072580          $0.017447
12/27/13       01/10/14       $0.250000          $0.208727          $0.148129       $0.060598          $0.014567
                                                                                                                        
TOTALS                        $1.000000          $0.958727          $0.680389       $0.278338          $0.066908
                                                                                                                        

(1) Unrecaptured Section 1250 Gain is a subset of, and included in, the 2013
Total Capital Gain Distribution amount.

The common stock distribution with a record date of December 27, 2013, paid on
January 10, 2014, will be a split-year distribution with $0.208727 considered
a distribution made in 2013 for U.S. federal income tax purposes, and
$0.041273 allocable to 2014 for federal tax purposes.

Series C Cumulative Redeemable Perpetual Preferred Stock (CUSIP No.
29472R405).

                        Distribution    Ordinary     Long-Term    Unrecaptured  
Record         Payable        Per Share          Taxable         Capital         Section 1250
                                                                 Gains
Date        Date        (1)             Dividend     Dividend     Gain (2)
03/21/13       04/01/13       $0.421875          $0.299396       $0.122479       $0.029442
06/20/13       07/01/13       $0.421875          $0.299396       $0.122479       $0.029442
09/20/13       09/30/13       $0.421875          $0.299396       $0.122479       $0.029442
12/11/13       12/31/13       $0.421875          $0.299396       $0.122479       $0.029442
                                                                                                  
                              $1.687500          $1.197584       $0.489916       $0.117768
                                                                                                  

(1) The distributions represent the distributions on each Depository Share
(representing 1/100 of a share of a Series C Preferred Stock).
(2) Unrecaptured Section 1250 Gain is a subset of, and included in, the 2013
Total Capital Gain Distribution.

Shareholders are encouraged to consult with their tax advisors as to the
specific tax treatment of the distributions they received from the Company.

Equity LifeStyle Properties, Inc. is a fully integrated owner and operator of
lifestyle-oriented properties and owns or has an interest in 378 quality
properties in 32 states and British Columbia consisting of 139,616 sites. We
are a self-administered, self managed, real estate investment trust (REIT)
with headquarters in Chicago.

Contact:

Equity LifeStyle Properties, Inc.
Paul Seavey, (800) 247-5279
 
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