Camden Property Trust (NYSE:CPT) announced today the income tax
characteristics of its 2013 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 2013 are as follows:
Camden Property Trust – Common Shares (CUSIP – 133131102)
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Unrecaptured
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Cash
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Ordinary
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Sec. 1250
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Record
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Payment
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Distribution
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Taxable
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Capital Gain
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Capital Gain
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Return of
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Date
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Date
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Per Share
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Dividend (1)
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Distribution
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25% Rate
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Capital
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03/28/13
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04/17/13
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$0.6300
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55.5264%
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30.2225%
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14.2511%
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0.0000%
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06/28/13
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07/17/13
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$0.6300
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55.5264%
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30.2225%
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14.2511%
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0.0000%
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09/30/13
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10/17/13
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$0.6300
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55.5264%
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30.2225%
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14.2511%
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0.0000%
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12/17/13
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01/17/14
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$0.6300
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55.5264%
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30.2225%
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14.2511%
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0.0000%
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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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Cash
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Ordinary
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Total
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Distribution
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Taxable
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Capital Gain
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Unrecaptured
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Nondividend
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Per Share
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Dividend (1)
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Distributions
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Sec. 1250 Gain (2)
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Distributions (3)
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Total
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$2.5200
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$1.3993
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$1.1207
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$0.3591
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$0.0000
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(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 2.8502%
of the total distribution.
Also, the company did not incur any foreign taxes during 2013.
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 170 properties containing 59,899 apartment homes across
the United States. Upon completion of 14 properties under development
and the expansion of an existing community, the Company’s portfolio will
increase to 64,328 apartment homes in 184 properties.
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.
Copyright Business Wire 2014