Camden Property Trust Announces Tax Characteristics of 2023 Distributions
January 22 2024 - 5:18PM
Business Wire
Camden Property Trust (NYSE:CPT) announced today the income tax
characteristics of its 2023 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 Forms 1099 to
their account holders. The final classifications of the
distributions for 2023 are as follows:
Camden Property Trust – Common Shares (CUSIP –
133131102)
Record Date
Payment Date
Total Distribution
Per Share(1)
Ordinary Taxable
Dividends
Qualified Dividends(2)
Long Term Capital Gain
Sec. 1250 Gain 25%
Rate(3)
Section 897(h) Gain(3)
Section 199A
Dividends(2)
12/16/22
01/17/23
$0.940000
$0.483835
$0.006519
$0.456165
$0.094901
$0.456165
$0.477316
3/31/23
4/17/23
$1.000000
$0.514718
$0.006935
$0.485282
$0.100959
$0.485282
$0.507783
6/30/23
7/17/23
$1.000000
$0.514718
$0.006935
$0.485282
$0.100959
$0.485282
$0.507783
9/29/23
10/17/23
$1.000000
$0.514718
$0.006935
$0.485282
$0.100959
$0.485282
$0.507783
12/15/23
1/17/24
$1.000000
$0.514718
$0.006935
$0.485282
$0.100959
$0.485282
$0.507783
(1)
The distribution paid on January 17, 2024
is considered a 2023 distribution for US federal income tax
purposes and is subject to taxation based on the Company’s 2023
earnings and profits.
(2)
These amounts are a subset of, and
included in, the 2023 Ordinary Taxable Dividends amount.
(3)
These amounts are a subset of, and
included in, the 2023 Long Term Capital Gain amount.
The tax treatment of these dividends by state and local
authorities may vary from the federal treatment. Because federal
and state tax laws affect taxpayers differently, the Company cannot
advise shareholders how dividends should be reported on their tax
returns. The Company encourages shareholders to consult their own
tax advisors for the income tax consequences of the dividend
payments outlined above.
In addition to historical information, this document 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 (the
“Company”) 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. Factors which may cause the Company’s actual
results or performance to differ materially from those contemplated
by forward-looking statements are described under the heading “Risk
Factors” in Camden’s Annual Report on Form 10-K and in other
filings with the Securities and Exchange Commission (SEC).
Forward-looking statements made in this document represent
management’s opinions at the time of this publication, and the
Company assumes no obligation to update or supplement these
statements because of subsequent events.
Camden Property Trust, an S&P 500 Company, is a real estate
company primarily engaged in the ownership, management,
development, redevelopment, acquisition, and construction of
multifamily apartment communities. Camden owns and operates 172
properties containing 58,634 apartment homes across the United
States. Upon completion of 4 properties currently under
development, the Company’s portfolio will increase to 59,800
apartment homes in 176 properties. Camden has been recognized as
one of the 100 Best Companies to Work For® by FORTUNE magazine for
16 consecutive years, most recently ranking #33.
For additional information, please contact Camden’s Investor
Relations Department at (713) 354-2787 or access our website at
camdenliving.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240122741221/en/
Kim Callahan, 713-354-2549
Camden Property (NYSE:CPT)
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