Camden Property Trust (NYSE:CPT) announced today the income tax characteristics of its 2015 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 2015 are as follows:
Camden Property Trust – Common Shares | (CUSIP – 133131102) | |||||||||||||||||
Record Date | Payment Date | Cash Distribution Per Share | Ordinary Taxable Dividend (1) | Capital Gain | Unrecaptured Sec. 1250 25% Rate | Return of | ||||||||||||
| 03/31/15 | 04/17/15 | $0.7000 | 67.2508% | 24.7735% | 7.9757% | 0.0000% | ||||||||||||
| 06/30/15 | 07/17/15 | $0.7000 | 67.2508% | 24.7735% | 7.9757% | 0.0000% | ||||||||||||
| 09/30/15 | 10/16/15 | $0.7000 | 67.2508% | 24.7735% | 7.9757% | 0.0000% | ||||||||||||
| 12/17/15 | 01/15/16 | $0.7000 | 67.2508% | 24.7735% | 7.9757% | 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 Distribution Per Share | Ordinary Taxable Dividend (1) | Total Capital Gain Distributions | Unrecaptured Sec. 1250 Gain(2) | Nondividend | ||||||||||||
| Total | $2.8000 | $1.8830 | $0.9170 | $0.2233 | $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 1.5951% of the total distribution.
Also, the company did not incur any foreign taxes during 2015.
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 170 properties containing 59,147 apartment homes across the United States. Upon completion of 10 properties under development, the Company’s portfolio will increase to 62,649 apartment homes in 180 properties. Camden was recently named by FORTUNE® Magazine for the eighth consecutive year as one of the “100 Best Companies to Work For” in America, ranking #10.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160119006729/en/
Contacts:
Kim Callahan, 713-354-2549
