Camden Property Trust Revises Tax Characteristics of 2006 Distributions.Clarification to Unrecaptured Section 1250 Capital Gains HOUSTON -- Camden Property Trust (NYSE NYSE See: New York Stock Exchange :CPT CPT See: Carriage Paid To ) announced today a revision to the income tax characteristics of its 2006 distributions paid to shareholders as reported in a Company press release dated January 16, 2007. Unrecaptured Section 1250 Capital Gains should have been reported as 22.1846% rather than 21.1846% in that press release. The correct amount of Unrecaptured Section 1250 Capital Gains was transmitted to most tax reporting agencies in January 2007; however, some shareholders may receive a corrected 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. in the near future. The revised, final classifications of the distributions for 2006 are as follows: Camden Property Trust - Common Shares [TABLE OMITTED] (1) None of the dividends classified as ordinary taxable dividends represents "qualified dividend income" and, therefore, are not eligible for the lower tax rate. For corporate shareholders the Section 291(a) preference item is 4.4369% of the total distribution. In addition, the company did not incur any foreign taxes during 2006. 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 186 properties containing 63,843 apartment homes geographically dispersed across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. from Washington DC to Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . Upon completion of 13 properties under development, the Company's portfolio will increase to 68,064 apartment homes in 199 properties. For additional information, please contact Camden's Investor Relations Investor relations The process by which the corporation communicates with its investors. Department at 1-800-922-6336 or 713-354-2787, or access our website at www.camdenliving.com. |
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