BXP Boston Properties Inc

Boston Properties, Inc. (NYSE: BXP), the largest public owner and developer of office buildings in the United States, announced today the 2017 tax treatment of distributions on its common stock and 5.25% Series B Cumulative Redeemable Preferred Stock, as described below. Shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment to them of these distributions.

Common Shares (CUSIP #101121101)

                            Record Date    

PaymentDate

   

TotalDistributionper Share

   

TotalDistributionAllocable to2017

   

2017TaxableOrdinaryDividends

   

2017QualifiedDividends(1)

   

2017Short-term CapitalGain (1)

   

2017 TotalCapital GainDistribution

12/30/2016 1/30/2017 $0.750000 $0.191127 $0.187867 $0.002269 $0.000074 $0.003260 3/31/2017 4/28/2017 $0.750000 $0.750000 $0.737206 $0.008903 $0.000292 $0.012794 6/30/2017 7/31/2017 $0.750000 $0.750000 $0.737206 $0.008903 $0.000292 $0.012794 9/29/2017 10/31/2017 $0.750000 $0.750000 $0.737206 $0.008903 $0.000292 $0.012794 12/29/2017 1/30/2018 $0.800000     $0.466172     $0.458220     $0.005533     $0.000181     $0.007952   $3.800000 $2.907299 $2.857705 $0.034511 $0.001131 $0.049594 100% 98.2942% 1.7058%   (1) These amounts are a subset of, and included in, the 2017 Taxable Ordinary Dividend amounts.

The common stock distribution with a record date of December 30, 2016 is a split-year distribution with $0.191127 allocable to 2017 for federal income tax purposes. The common stock distribution with a record date of December 29, 2017 will be a split-year distribution with $0.466172 allocable to 2017 for federal income tax purposes and $0.333828 allocable to 2018 for federal income tax purposes.

Series B Preferred (CUSIP #101121408)

                           

Record Date

   

PaymentDate

   

TotalDistribution perDepositoryShare (1)

   

TotalDistributionAllocable to2017

   

2017TaxableOrdinaryDividends

   

2017QualifiedDividends(2)

   

Short-termCapitalGain (2)

   

2017 TotalCapital GainDistribution

2/3/2017 2/15/2017 $0.328125 $0.328125 $0.322528 $0.003895 $0.000128 $0.005597 5/5/2017 5/15/2017 $0.328125 $0.328125 $0.322528 $0.003895 $0.000128 $0.005597 8/4/2017 8/15/2017 $0.328125 $0.328125 $0.322528 $0.003895 $0.000128 $0.005597 11/3/2017 11/15/2017 $0.328125     $0.328125     $0.322528     $0.003895     $0.000128     $0.005597   $1.312500 $1.312500 $1.290112 $0.015580 $0.000512 $0.022388 100% 98.2942% 1.7058%   (1) Each depositary share represents 1/100th of a share of Series B Preferred Stock. (2) These amounts are a subset of, and included in, the 2017 Taxable Ordinary Dividends amounts.

Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 49.8 million square feet and consisting of 166 office properties (including seven properties under construction), five retail properties, five residential properties (including three properties under construction) and one hotel. The Company is one of the largest owners and developers of Class A office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC.

For more information about Boston Properties, please visit our web site at www.bostonproperties.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180116006939/en/

Boston Properties, Inc.Mike LaBelle, 617-236-3352Executive Vice PresidentChief Financial OfficerorMichael Walsh, 617-236-3460Senior Vice PresidentChief Accounting Officer