Post Properties Announces Estimated Income Tax Characteristics of 2012 Dividends

ATLANTA--()--Post Properties, Inc. (NYSE: PPS) announced today how it expects its 2012 dividends to be classified for federal income tax purposes. The dividend classifications are shown on the attached chart. Of special note is that for tax reporting purposes, the common stock dividend payable on January 15, 2013 is taxable in year 2013. This release is based on the preliminary results of work on the Company’s tax filings and is subject to correction or adjustment when the filings are completed.

The Company is releasing information at this time to aid those required to distribute Forms 1099 on the Company’s dividends. No material change in these classifications is expected.

About Post Properties

Post Properties, Inc., founded more than 40 years ago, is a leading developer and operator of upscale multifamily communities. The Company’s mission is delivering superior satisfaction and value to its residents, associates, and investors, with a vision of being the first choice in quality multifamily living. Operating as a real estate investment trust (“REIT”), the Company focuses on developing and managing Post® branded resort-style garden and high density urban apartments. Post Properties is headquartered in Atlanta, Georgia, and has operations in ten markets across the country.

Post Properties has interests in 22,218 apartment units in 60 communities, including 1,471 apartment units in four communities held in unconsolidated entities and 2,046 apartment units in seven communities currently under development or in lease-up. The Company is also selling luxury for-sale condominium homes in two communities through a taxable REIT subsidiary.

Post Properties, Inc.
Estimated Income Tax Characteristics of 2012 Dividends for Form 1099-DIV
                                               
Total Ordinary Taxable Dividends Total Capital Gain Distribution
(a) = Breakout of (a) (b) = Breakout of (b) (c) (a)+(b)+(c)
Ordinary Total Unrecaptured
Taxable Ordinary Short-Term Qualified Capital Gain Long-Term Sec. 1250 Return
Declaration Record Payable Distribution Dividends Income Capital Dividends Distribution Capital Gain of Capital

Date

Date

Date

Per Share

(Box 1a Total)

Dividends

Gain

(Box 1b)

(Box 2a Total)

Gain

(Box 2b)

(Box 3)

Total %

 
Common Stock- (PPS) (CUSIP 737464107)
 
12/9/2011 1/3/2012 1/13/2012 $ 0.2200 56.5999% 56.5999% 0.0000% 0.0000% 13.8982% 6.9951% 6.9031% 29.5018% 100.000%
 
2/14/2012 3/31/2012 4/13/2012 $ 0.2200 56.5999% 56.5999% 0.0000% 0.0000% 13.8982% 6.9951% 6.9031% 29.5018% 100.000%
 
5/30/2012 6/29/2012 7/13/2012 $ 0.2500 56.5999% 56.5999% 0.0000% 0.0000% 13.8982% 6.9951% 6.9031% 29.5018% 100.000%
 
9/11/2012 9/28/2012 10/15/2012 $ 0.2500 56.5999% 56.5999% 0.0000% 0.0000% 13.8982% 6.9951% 6.9031% 29.5018% 100.000%
 
12/5/2012 1/2/2013 1/15/2013 $ 0.2500 (1) See Note See Note See Note See Note See Note See Note See Note See Note See Note
 
2012 Total $ 0.9400
 
(1) Note:The Common Stock dividend paid on 1/15/13 is taxable in Year 2013 - no portion of that dividend is taxable in Year 2012
 

8.5% Series A Cumulative Redeemable Preferred (PPS) (CUSIP 737464206)

 
2/14/2012 3/15/2012 4/2/2012 $ 1.0625 80.2857% 80.2857% 0.0000% 0.0000% 19.7143% 9.9223% 9.7920% 0.0000% 100.000%
 
5/30/2012 6/15/2012 7/2/2012 $ 1.0625 80.2857% 80.2857% 0.0000% 0.0000% 19.7143% 9.9223% 9.7920% 0.0000% 100.000%
 
9/11/2012 9/21/2012 10/1/2012 $ 1.0625 80.2857% 80.2857% 0.0000% 0.0000% 19.7143% 9.9223% 9.7920% 0.0000% 100.000%
 
12/5/2012 12/17/2012 12/31/2012 $ 1.0625 80.2857% 80.2857% 0.0000% 0.0000% 19.7143% 9.9223% 9.7920% 0.0000% 100.000%
 
2012 Total $ 4.2500

Contacts

Post Properties, Inc.
Chris Papa, 404-846-5000

Release Summary

Tax Characteristics of 2012 Dividends

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Contacts

Post Properties, Inc.
Chris Papa, 404-846-5000