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Hudson Pacific Properties Announces 2019 Dividend Tax Treatment

February 6, 2020 GMT

LOS ANGELES--(BUSINESS WIRE)--Feb 6, 2020--

Hudson Pacific Properties, Inc. (the “Company” or “Hudson Pacific”) (NYSE: HPP) today announced the tax treatment for its 2019 common stock dividends.

The Company’s dividends related to its common stock (CUSIP #444097109) will be classified for United States federal income tax purposes as follows:

Ordinary Dividends

 

Record

Date

 

Payment

Date

 

Distribution

Per Share

 

Total

 

Non-

Qualified 1

 

Qualified

 

Return of

Capital

3/18/19

 

3/28/19

 

$0.25000

 

$0.15752

 

$0.15752

 

$0.00000

 

$0.09248

6/17/19

 

6/27/19

 

$0.25000

 

$0.15752

 

$0.15752

 

$0.00000

 

$0.09248

9/20/19

 

9/30/19

 

$0.25000

 

$0.15752

 

$0.15752

 

$0.00000

 

$0.09248

12/20/19

 

12/30/19

 

$0.25000

 

$0.15752

 

$0.15752

 

$0.00000

 

$0.09248

 

 

Totals

 

$1.00000

 

$0.63008

 

$0.63008

 

$0.00000

 

$0.36992

 

 

 

 

100.00%

 

63.01%

 

 

 

 

 

36.99%

 

1 On December 22, 2017, the Tax Cuts and Jobs Act enacted Section 199A that generally allows a deduction for non-corporate taxpayers equal to 20% of ordinary dividends distributed by a REIT (excluding capital gain dividends and qualified dividend income). Ordinary Dividends eligible for the Section 199A benefit are a subset of, and included in, the Taxable Ordinary Dividend Amount. All the “Non-Qualified” dividends listed above are eligible for the Section 199A benefit.

About Hudson Pacific Properties

Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more. Hudson Pacific is publicly traded on the NYSE under the symbol HPP and listed as a component of the Russell 2000® and the Russell 3000® indices. For more information visit HudsonPacificProperties.com.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the Company’s control, which may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the Company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by the Company from time to time with the SEC.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200206005203/en/

CONTACT: Investor Contact

Laura Campbell

Senior Vice President, Investor Relations & Marketing

(310) 622-1702

lcampbell@hudsonppi.comMedia Contact

Laura Murray

Director, Communications

(310) 622-1781

lmurray@hudsonppi.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

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

SOURCE: Hudson Pacific Properties, Inc.

Copyright Business Wire 2020.

PUB: 02/06/2020 09:00 AM/DISC: 02/06/2020 09:01 AM

http://www.businesswire.com/news/home/20200206005203/en