Boston Properties Announces 2012 Tax Treatment of Its Distributions

BOSTON--()--Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, announced today the 2012 tax treatment of its common stock distributions as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Boston Properties distributions.

 

Record
Date

   

Payment
Date

   

Total
Distribution
per Share

   

Total
Distribution
Allocable
to 2012

   

2012
Taxable
Ordinary
Dividends

   

2012
Qualified
Dividends
(1)

   

2012 Total
Capital
Gain
Distribution

   

2012
Unrecaptured
Section 1250
Gain (2)

                             
Common Shares (CUSIP #101121101)
 
12/31/2011 1/27/2012 $0.550000 $0.436631 $0.421126 $0.005526 $0.015505 $0.007113
3/30/2012 4/30/2012 $0.550000 $0.550000 $0.530469 $0.006961 $0.019531 $0.008960
6/29/2012 7/31/2012 $0.550000 $0.550000 $0.530469 $0.006961 $0.019531 $0.008960
9/28/2012 10/31/2012 $0.550000 $0.550000 $0.530469 $0.006961 $0.019531 $0.008960
12/31/2012 1/29/2013 $0.650000     $0.286895     $0.276707     $0.003631     $0.010188     $0.004674
 
$2.850000 $2.373526 $2.289240 $0.030040 $0.084286 $0.038667
100% 96.4489% 3.5511%
 
(1) Qualified Dividends is a subset of, and included in, the 2012 Taxable Ordinary Dividends amount.
(2) Unrecaptured Section 1250 Gain is a subset of, and included in, the 2012 Total Capital Gain Distribution amount.
 

The common stock distribution with a record date of December 31, 2011 is a split-year distribution with $0.436631 allocable to 2012 for federal income tax purposes. The common stock distribution with a record date of December 31, 2012 will be a split-year distribution with $0.286895 allocable to 2012 for federal income tax purposes and $0.363105 allocable to 2013 for federal income tax purposes.

Boston Properties is a fully integrated, self-administered and self-managed real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class A office space, one hotel, three residential properties and three retail properties. The Company is one of the largest owners and developers of Class A office properties in the United States, concentrated in five markets – Boston, New York, Princeton, NJ, San Francisco and Washington, DC.

For more information about Boston Properties, please visit the Company’s web site at www.bostonproperties.com.

Contacts

Boston Properties, Inc.
Michael Walsh, 617-236-3300
Senior Vice President, Finance
or
Arthur Flashman, 617-236-3300
Vice President, Controller

Sharing

Contacts

Boston Properties, Inc.
Michael Walsh, 617-236-3300
Senior Vice President, Finance
or
Arthur Flashman, 617-236-3300
Vice President, Controller