HOUSTON--(BUSINESS WIRE)--
Camden Property Trust (NYSE:CPT) announced today the income tax
characteristics of its 2016 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 2016 are as follows:
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|
Camden Property Trust – Common Shares |
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| (CUSIP – 133131102) |
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| |
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| |
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| | | | | |
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|
| | | | | Unrecaptured |
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| |
| | | | | | | | Cash | | | | Ordinary | | | | | | | | Sec. 1250 | | | | |
| Record | | | | Payment | | | | Distribution | | | | Taxable | | | | Capital Gain | | | | Capital Gain | | | | Return of |
| Date |
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|
| Date |
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| Per Share |
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| Dividend |
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| Distribution |
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| 25% Rate |
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| Capital |
| 03/31/16 |
|
|
| 04/18/16 |
|
|
| $0.7500 |
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|
| 0.0000% |
|
|
| 69.2613% |
|
|
| 30.7387% |
|
|
| 0.0000% |
| 06/30/16 |
|
|
| 07/18/16 |
|
|
| $0.7500 |
|
|
| 0.0000% |
|
|
| 69.2613% |
|
|
| 30.7387% |
|
|
| 0.0000% |
| 09/23/16 |
|
|
| 09/30/16 |
|
|
| $4.2500 |
|
|
| 0.0000% |
|
|
| 69.2613% |
|
|
| 30.7387% |
|
|
| 0.0000% |
| 09/30/16 |
|
|
| 10/17/16 |
|
|
| $0.7500 |
|
|
| 0.0000% |
|
|
| 69.2613% |
|
|
| 30.7387% |
|
|
| 0.0000% |
| 12/16/16 |
|
|
| 01/17/17 |
|
|
| $0.7500 |
|
|
| 0.0000% |
|
|
| 69.2613% |
|
|
| 30.7387% |
|
|
| 0.0000% |
|
|
Based on the above percentages, the following represents a 1099-DIV for
one share of common stock:
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Form 1099-DIV
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(Boxes 1a + 2a + 3)
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Box 1a
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Box 2a
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Box 2b
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Box 3
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| |
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| Cash |
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| Ordinary |
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| Total |
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| |
|
|
| |
| | | | | Distribution | | | | Taxable | | | | Capital Gain | | | | Unrecaptured Sec. 1250 | | | | Nondividend |
|
|
|
|
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| Per Share |
|
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| Dividend |
|
|
| Distributions |
|
|
| Gain(1) |
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| Distributions |
| Total |
|
|
| $7.2500 |
|
|
| $0.0000 |
|
|
| $7.2500 |
|
|
| $2.2286 |
|
|
| $0.0000 |
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(1) Amounts in Box 2b are included in Box 2a.
For corporate shareholders the Section 291(a) preference item is 6.1477%
of the total distribution.
Also, the company did not incur any foreign taxes during 2016.
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, management, development, redevelopment,
acquisition, and construction of multifamily apartment communities.
Camden owns interests in and operates 152 properties containing 52,793
apartment homes across the United States. Upon completion of 7
properties under development, the Company’s portfolio will increase to
55,366 apartment homes in 159 properties. Camden was recently named by
FORTUNE® Magazine for the ninth consecutive year as one of
the “100 Best Companies to Work For” in America, ranking #9.
For additional information, please contact Camden’s Investor Relations
Department at (713) 354-2787 or access our website at camdenliving.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170119006105/en/
Camden Property Trust
Kim Callahan, 713-354-2549
Source: Camden Property Trust