Camden Property Trust Revises Tax Characteristics of 2009 Distributions
January 21 2010 - 1:15PM
Business Wire
Camden Property Trust (NYSE:CPT) announced today that it has
revised the income tax characteristics of its 2009 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 revised, final
classifications of the distributions for 2009 are as follows:
Camden Property Trust – Common Shares (CUSIP –
133131102)
Record
Date
Payment
Date
Cash
Distribution
Per Share
Ordinary
Taxable
Dividend (1)
Total
CapitalGainDistributions
UnrecapturedSec.
1250Capital Gain25% Rate
Return ofCapital
03/31/09 04/17/09 $
0.7000 84.8377 % 12.0928
% 3.0695 % 0.0000
% 06/30/09 07/17/09 $
0.4500 84.8377 % 12.0928
% 3.0695 % 0.0000
% 09/30/09 10/16/09 $
0.4500 84.8377 % 12.0928
% 3.0695 % 0.0000
% 12/21/09 01/18/10 $
0.4500 84.8377 % 12.0928
% 3.0695 % 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.
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
CashDistributionPer Share
OrdinaryTaxableDividend (1)
TotalCapital
GainDistributions
UnrecapturedSec. 1250
Gain(2)
NondividendDistributions(3)
Total $ 2.0500 $
1.7392 $ 0.3108 $
0.0629 $ 0.0000
(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
0.6139% of the total distribution.
Also, the company did not incur any foreign taxes during
2009.
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 183 properties containing
63,286 apartment homes across the United States. Upon completion of
two properties under development, the Company’s portfolio will
increase to 63,658 apartment homes in 185 properties. Camden was
recently named to FORTUNE® Magazine for the third consecutive year
as one of the “100 Best Companies to Work For” in America.
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 (NYSE:CPT)
Historical Stock Chart
From May 2024 to Jun 2024
Camden Property (NYSE:CPT)
Historical Stock Chart
From Jun 2023 to Jun 2024