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Camden Property Trust Announces Tax Characteristics of 2019 Distributions

January 21, 2020 GMT

HOUSTON--(BUSINESS WIRE)--Jan 21, 2020--

Camden Property Trust (NYSE:CPT) (the “Company”) announced today the income tax characteristics of its 2019 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 2019 are as follows:

Camden Property Trust – Common Shares (CUSIP – 133131102)

Record
Date

Payment
Date

Total
Distribution
Per Share

Ordinary
Taxable
Dividends

Qualified
Dividends (1)

Total Capital
Gain
Distribution

Unrecaptured
Sec. 1250
Capital Gain
25% Rate (2)

Section 199A
Dividends (1)

03/29/19

04/17/19

$0.800000  

$0.632690

$0.005714

$0.167310

$0.053618

$0.626976

06/28/19

07/17/19  

$0.800000  

$0.632690

$0.005714

$0.167310

$0.053618

$0.626976

09/30/19

10/17/19

$0.800000  

$0.632690

$0.005714

$0.167310

$0.053618

$0.626976

12/16/19

01/17/20

$0.800000  

$0.632690

$0.005714

$0.167310

$0.053618

$0.626976

(1) These amounts are a subset of, and included in, the 2019 ordinary taxable dividends amount.

(2) These amounts are a subset of, and included in, the total capital gain distribution.

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 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 164 properties containing 56,107 apartment homes across the United States. Upon completion of 8 properties currently under development, the Company’s portfolio will increase to 58,315 apartment homes in 172 properties. Camden has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 12 consecutive years, most recently ranking #19. The Company also received a Glassdoor Employeesʼ Choice Award in 2020, ranking #25 for large U.S. companies.

For additional information, please contact Camden’s Investor Relations Department at (713) 354-2787 or access our website at camdenliving.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200121006002/en/

Kim Callahan, 713-354-2549

KEYWORD: TEXAS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY REIT

SOURCE: Camden Property Trust

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PUB: 01/21/2020 04:15 PM/DISC: 01/21/2020 04:15 PM

http://www.businesswire.com/news/home/20200121006002/en