Essex Property Trust Announces Tax Status of BRE Properties, Inc. 2014 Dividends
May 02 2014 - 4:08PM
Marketwired
Essex Property Trust Announces Tax Status of BRE Properties, Inc.
2014 Dividends
PALO ALTO, CA--(Marketwired - May 2, 2014) - Essex Property
Trust, Inc. (NYSE: ESS) today announced the 2014 dividend tax
status of BRE Properties Inc. (NYSE: BRE) pre-merger distributions
to shareholders. The 2014 distribution classifications are:
|
2014 Dividend Tax Status |
|
Common Shares Distribution (CUSIP 05564E106): |
|
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|
|
|
|
Record Date |
|
Payment Date |
|
Cash Distribution Per Share |
|
Taxable Ordinary Dividend |
|
Qualifying Dividend |
|
Long- Term Capital Gain |
|
Unrecaptured Section 1250 Gain |
|
Return of Capital |
3/14/2014 |
|
3/31/2014 |
|
$0.395000 |
|
$0.079910 |
|
|
|
$0.196830 |
|
$0.062840 |
|
$0.055420 |
3/31/2014 |
|
4/9/2014 |
|
$5.150000 |
|
$1.041845 |
|
|
|
$2.566245 |
|
$0.819365 |
|
$0.722545 |
|
|
Total: |
|
$5.545000 |
|
$1.121755 |
|
$0.000000 |
|
$2.763075 |
|
$0.882205 |
|
$0.777965 |
|
|
Percentage: |
|
100% |
|
20% |
|
0% |
|
50% |
|
16% |
|
14% |
|
|
|
|
|
|
|
|
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|
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|
|
Series D Preferred Distribution (CUSIP 05564E601): |
|
|
|
|
|
|
Record Date |
|
Payment Date |
|
Cash Distribution Per Share |
|
Taxable Ordinary Dividend |
|
Qualifying Dividend |
|
Long- Term Capital Gain |
|
Unrecaptured Section 1250 Gain |
|
Return of Capital |
2/20/2014 |
|
2/20/2014 |
|
$0.234380 |
|
$0.055150 |
|
|
|
$0.135850 |
|
$0.043380 |
|
|
|
|
Total: |
|
$0.234380 |
|
$0.055150 |
|
$0.000000 |
|
$0.135850 |
|
$0.043380 |
|
$0.000000 |
|
|
Percentage: |
|
100% |
|
24% |
|
0% |
|
58% |
|
19% |
|
0% |
|
|
|
|
|
|
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Wells Fargo Shareowner Services will distribute copies of IRS
Form 1099-DIV in January of 2015 to 2014 shareholders of record of
BRE's common and preferred stock. Shareholders who held BRE's stock
in "street name" during 2014 will receive the form from their bank,
brokerage or nominee. BRE shareholders should consult a tax
professional to determine how distributions should be reported on
state and federal tax forms.
About Essex Property
Trust Essex Property Trust, Inc., an S&P 500 company, is
a fully integrated real estate investment trust (REIT) that
acquires, develops, redevelops, and manages multifamily residential
properties in selected West Coast markets. Essex currently has
ownership interests in 233 apartment communities with an additional
15 properties in various stages of active development. Additional
information about Essex can be found on the Company's web site at
www.essexpropertytrust.com.
Contact
Information Barb Pak Director of Investor Relations (650)
494-3700 bpak@essex.com