Boston Properties Announces 2016 Tax Treatment of Its Distributions
18 January 2017 - 12:23PM
Business Wire
Boston Properties, Inc. (NYSE: BXP), a real estate investment
trust, announced today the 2016 tax treatment of distributions on
its common stock and 5.25% Series B Cumulative Redeemable Preferred
Stock, as described below. Shareholders are encouraged to consult
with their personal tax advisors as to the specific tax treatment
to them of these distributions.
Common Shares
(CUSIP #101121101)
Record Date
PaymentDate
TotalDistribution per
Share
TotalDistributionAllocable to 2016
2016TaxableOrdinaryDividends
2016QualifiedDividends (1)
2016Short-termCapitalGain
(1)
2016 TotalCapital
GainDistribution
2016UnrecapturedSection
1250 Gain (2)
12/31/2015 1/28/2016
$1.900000 (3) $0.544953
$0.493212 $0.001146 $0.000210 $0.051741 $0.019243 3/31/2016
4/29/2016 $0.650000 $0.650000 $0.588285 $0.001367 $0.000250
$0.061715 $0.022952 6/30/2016 7/29/2016 $0.650000 $0.650000
$0.588285 $0.001367 $0.000250 $0.061715 $0.022952 9/30/2016
10/31/2016 $0.650000 $0.650000 $0.588285 $0.001367 $0.000250
$0.061715 $0.022952 12/30/2016 1/30/2017 $0.750000
$0.558873 $0.505810
$0.001175 $0.000215
$0.053063 $0.019735
$4.600000 $3.053826 $2.763877 $0.006422 $0.001175 $0.289949
$0.107834 100% 90.5054% 9.4946%
(1) These amounts are a subset of, and included in, the 2016
Taxable Ordinary Dividends amounts.(2) Unrecaptured Section 1250
Gain is a subset of, and included in, the 2016 Total Capital Gain
Distribution amount.(3) Amount consists of a $1.25 per share
special distribution and a $0.65 per share regular quarterly
distribution.
The common stock distribution with a record date of December 31,
2015 is a split-year distribution with $0.544953 allocable to 2016
for federal income tax purposes. The common stock distribution with
a record date of December 30, 2016 will be a split-year
distribution with $0.558873 allocable to 2016 for federal income
tax purposes and $0.191127 allocable to 2017 for federal income tax
purposes.
Series B
Preferred (CUSIP #101121408)
Record Date
PaymentDate
TotalDistribution per
DepositaryShare (1)
TotalDistributionAllocable to 2016
2016TaxableOrdinaryDividends
2016QualifiedDividends
(2)
Short-termCapitalGain (2)
2016 TotalCapital
GainDistribution
2016UnrecapturedSection
1250 Gain (3)
2/5/2016 2/16/2016 $0.328125 $0.328125 $0.296971 $0.000690
$0.000126 $0.031154 $0.011587 5/5/2016 5/16/2016 $0.328125
$0.328125 $0.296971 $0.000690 $0.000126 $0.031154 $0.011587
8/5/2016 8/15/2016 $0.328125 $0.328125 $0.296971 $0.000690
$0.000126 $0.031154 $0.011587 11/4/2016 11/15/2016 $0.328125
$0.328125
$0.296971 $0.000690
$0.000126 $0.031154
$0.011587 $1.312500 $1.312500 $1.187884 $0.002760 $0.000504
$0.124616 $0.046348 100% 90.5054% 9.4946%
(1) Each depositary share represents 1/100th of a share of
Series B Preferred Stock.(2) These amounts are a subset of, and
included in, the 2016 Taxable Ordinary Dividends amounts.(3)
Unrecaptured Section 1250 Gain is a subset of, and included in, the
2016 Total Capital Gain Distribution amount.
Boston Properties is a fully integrated real estate investment
trust that develops, redevelops, acquires, manages, operates and
owns a diverse portfolio of primarily Class A office space totaling
47.7 million square feet and consisting of 164 office properties
(including six properties under construction), five retail
properties, four residential properties (including two properties
under construction) and one hotel. The Company is one of the
largest owners and developers of Class A office properties in the
United States, concentrated in five markets—Boston, Los Angeles,
New York, San Francisco and Washington, DC.
For more information about Boston Properties, please visit our
web site at www.bostonproperties.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170117006641/en/
Boston Properties, Inc.Mike LaBelle, 617-236-3352Executive Vice
PresidentChief Financial OfficerorMichael Walsh, 617-236-3460Senior
Vice PresidentChief Accounting Officer
Boston Properties (NYSE:BXP)
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