Camden Property Trust Announces Tax Characteristics of 2002 Distributions.Business Editors HOUSTON--(BUSINESS WIRE)--Jan. 10, 2003 Camden Property Trust (NYSE NYSE See: New York Stock Exchange :CPT CPT See: Carriage Paid To ) announced today the income tax characteristics of its 2002 distributions paid to shareholders as they will be reported on Form 1099-DIV Form 1099-DIV A form sent to investors by investment fund companies. The form is a record of all taxable capital gains and dividends paid to an investor, including those that have been re-invested in a given taxation year. . The Company is releasing information at this time to aid banks, brokerage firms, and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. that are required to issue Form 1099s to their accountholders. The final classifications of the distributions for 2002 are as follows: Camden Property Trust - Common Shares
25% Rate
20% Rate Sec.
Distri- Ordinary Return Long-Term 1250 Qualified
Record Payable bution Taxable of Capital Capital 5 Year
Date Date Per Share Dividend Capital Gain Gain Gain
-------- -------- ---------- -------- ------- -------- ------- --------
3/28/02 4/17/02 $0.6350 72.9437% 0.0000% 17.9626% 9.0937% 17.6546%
6/28/02 7/17/02 $0.6350 72.9437% 0.0000% 17.9626% 9.0937% 17.6546%
9/30/02 10/17/02 $0.6350 72.9437% 0.0000% 17.9626% 9.0937% 17.6546%
12/18/02 1/17/03 $0.6350 72.9437% 0.0000% 17.9626% 9.0937% 17.6546%
For corporate shareholders the Section 291(a) preference item is 1.8187% of the total distribution. The Company reports distributions recorded during 2002 and paid within 30 days of year-end in the income of the recipient for 2002. In other words Adv. 1. in other words - otherwise stated; "in other words, we are broke" put differently , the distribution recorded in December 2001 and paid in January 2002 to holders of common shares was included in the prior year's (2001) taxable income Under the federal tax law, gross income reduced by adjustments and allowable deductions. It is the income against which tax rates are applied to compute an individual or entity's tax liability. The essence of taxable income is the accrual of some gain, profit, or benefit to a taxpayer. , and the distribution recorded in December 2002 but paid in January 2003 is included in 2002 income, reported above. Camden Property Trust is a real estate company engaged in the ownership, development, acquisition, management and disposition of multifamily apartment communities. Camden owns interests in and operates 143 properties containing 50,790 apartment homes in the Sunbelt and Midwestern markets from Florida to California. Upon completion of four properties under development, the Company's portfolio will increase to 52,274 apartment homes in 147 properties. For more information, please contact Camden's Investor Relations Investor relations The process by which the corporation communicates with its investors. Department at 1-800-9Camden or 713/354-2787, or access our Web site at http://www.camdenliving.com. |
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