Corporate Office Properties Trust Announces 1999 Dividend Tax Treatment.Business Editors BALA CYNWYD Cynwyd is a small village in Denbighshire, Wales, about two miles south-west of the town of Corwen. It is home to a large factory, run by Ifor Williams Trailers. See also
Corporate Office Properties Trust Corporate Office Properties Trust Inc. (COPT) (NYSE: OFC) is a publicly-traded real estate investment trust (REIT) corporation that specializes in office development, and describes itself as "a fully integrated, self-managed real estate investment trust that focuses on the (NYSE NYSE See: New York Stock Exchange : OFC OFC Office OFC Officer OFC Of Course OFC Oxygen Free Copper OFC Oceania Football Confederation (soccer) OFC Optical Fiber Cable OFC Optical Fiber Communications OFC Optical Fiber Conference ) announced today the income tax treatment of its 1999 dividends. The table below summarizes the 1999 income tax treatment for the Company's Common Shares, CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. No. 22002T108, trading under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors of OFC. The Company's total common dividends for 1999 were $0.74 per share, of which 79.3 percent qualifies as ordinary income for tax purposes:
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Ordinary Short-term
Declaration Record Payable Distribution Taxable Capital
Date Date Date per Share Dividend Gain
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2/24/1999 3/31/1999 4/15/1999 $0.18 $0.1414 $0.0013
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5/19/1999 6/30/1999 7/15/1999 0.18 0.1414 0.0013
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9/13/1999 9/30/1999 10/15/1999 0.19 0.1494 0.0013
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12/07/1999 12/31/1999 1/14/2000 0.19 0.1494 0.0013
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Total $0.74 $0.5816 $0.0052
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Percentage 100.0% 78.59% 0.71%
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Return 20% Section
Declaration of Rate 1250
Date Capital Gain Gain
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2/24/1999 $0.00 $0.0115 $0.0258
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5/19/1999 0.00 0.0115 0.0258
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9/13/1999 0.00 0.0121 0.0272
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12/07/1999 0.00 0.0121 0.0272
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Total $0.00 $0.0472 $0.1060
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Percentage 0.00% 6.38% 14.32%
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The table below summarizes the 1999 income tax treatment for the
Company's Series B Preferred Shares, CUISP No. 22002T207, trading
under the ticker symbol of OFC pb. The Company's total preferred
dividends for 1999 were $1.305 per Series B Preferred Share, of which
79.3 percent qualifies as ordinary income for tax purposes:
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Ordinary Short-term
Declaration Record Payable Distribution Taxable Capital
Date Date Date per Share Dividend Gain
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9/13/1999 9/30/1999 10/15/1999 $0.6800 $0.5344 $0.0048
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12/07/1999 12/31/1999 1/14/2000 0.6250 0.4912 0.0044
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Total $1.3050 $1.0256
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Percentage 100.0% 78.59% 0.71%
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Return 20% Section
Declaration of Rate 1250
Date Capital Gain Gain
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9/13/1999 $0.00 $0.0434 $0.0974
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12/07/1999 0.00 0.0399 0.0895
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Total $0.00 $0.0833 $0.1869
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Percentage 0.00% 6.38% 14.32%
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Company Information Corporate Office Properties Trust is a fully-integrated, self-managed real estate investment trust which focuses on the ownership, development, management and acquisition of suburban office properties located in targeted suburban submarkets in 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. . The Company presently owns 77 office properties totaling 5.9 million square feet of space. The Company's property management company, Corporate Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Management, manages 16.5 million square feet for the Company and third parties. Corporate Development Services, the Company's development company, provides a wide range of development and construction management services. |
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