HOUSTON --(BUSINESS WIRE)-- 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. Also, the company did not incur any foreign taxes during 2013. 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 170 properties containing 59,899 apartment homes across the United States . Upon completion of 14 properties under development and the expansion of an existing community, the Company’s portfolio will increase to 64,328 apartment homes in 184 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 . Camden Property Trust Kim Callahan , 713-354-2549 Source: Camden Property Trust
Most Popular Stories
- Major Phone Makers Sign Anti-Phone-Theft Pledge
- College Board Offers a Sneak Peak at New SAT
- 'Beige Book' Federal Reserve Survey, April 2014: Full Text
- Salsa Legend Cheo Feliciano Killed in Car Crash
- Miss. Gov. Signs Bills to Curb Unions
- Hiring and Weekly Jobless Claims Both Edge Up
- Yellen Remarks, Market Data Give Stocks a Boost
- Chevrolet's Small SUV Coming to the U.S.
- Is This Job Too Good to Be True?
- Yahoo Struggles Despite Alibaba Boost