Kilroy Realty Announces Tax Treatment of 2013 Dividend Distributions

LOS ANGELES--()--Kilroy Realty Corporation (NYSE: KRC) announced today the tax treatment of its 2013 dividend distributions. The company's total dividend distributions per share of common stock (CUSIP #49427F108) are to be classified for income tax purposes as follows:

                           

Record

Date

   

Payable

Date

   

Total

Distribution

per Share

   

2013

Taxable

Ordinary

Dividend

   

2013

Total

Qualified

Dividend(1)

   

2013

Total Capital

Gain

Distribution

   

2013

Unrecaptured

Section 1250

Gain(2)

   

2013

Return of

Capital

12/31/2012     1/15/2013     $.3500000     $.1898442     $.0007055     $.0051349     $.0051349     $.1550209
3/28/2013     4/17/2013     .3500000     .1898442     .0007055     .0051349     .0051349     .1550209
6/28/2013     7/17/2013     .3500000     .1898442     .0007055     .0051349     .0051349     .1550209
9/30/2013     10/16/2013     .3500000     .1898442     .0007055     .0051349     .0051349     .1550209
(1)     Total Qualified Dividend is a subset of, and is included in, the Taxable Ordinary Dividend amount.
(2) Unrecaptured Section 1250 Gain is a subset of, and is included in, the Total Capital Gain Distribution amount.
 

The dividend distributions made to holders of record as of December 31, 2013 and paid on January 15, 2014 are considered 2014 dividend distributions for federal income tax purposes.

The company's total dividend distributions per share of Series G cumulative redeemable perpetual preferred stock (CUSIP #49427F702) are to be classified for income tax purposes as follows:

                           

Record

Date

   

Payable

Date

   

Total

Distribution

per Share

   

2013

Taxable

Ordinary

Dividend

   

2013

Total

Qualified

Dividend(1)

   

2013

Total Capital

Gain

Distribution

   

2013

Unrecaptured

Section 1250

Gain(2)

   

2013

Return of

Capital

1/31/2013     2/15/2013     $.4296875     $.4183714     $.0015547     $.0113161     $.0113161     -
4/30/2013     5/15/2013     .4296875     .4183714     .0015547     .0113161     .0113161     -
7/31/2013     8/15/2013     .4296875     .4183714     .0015547     .0113161     .0113161     -
10/31/2013     11/15/2013     . 4296875     .4183714     .0015547     .0113161     .0113161     -
(1)     Total Qualified Dividend is a subset of, and is included in, the Taxable Ordinary Dividend amount.
(2) Unrecaptured Section 1250 Gain is a subset of, and is included in, the Total Capital Gain Distribution amount.
 

The company's total dividend distributions per share of Series H cumulative redeemable perpetual preferred stock (CUSIP #49427F801) are to be classified for income tax purposes as follows:

                           

Record

Date

   

Payable

Date

   

Total

Distribution

per Share

   

2013

Taxable

Ordinary

Dividend

   

2013

Total

Qualified

Dividend(1)

   

2013

Total Capital

Gain

Distribution

   

2013

Unrecaptured

Section 1250

Gain(2)

   

2013

Return of

Capital

1/31/2013     2/15/2013     $.3984375     $.3879443     $.0014416     $.0104932     $.0104932     -
4/30/2013     5/15/2013     .3984375     .3879443     .0014416     .0104932     .0104932     -
7/31/2013     8/15/2013     .3984375     .3879443     .0014416     .0104932     .0104932     -
10/31/2013     11/15/2013     .3984375     .3879443     .0014416     .0104932     .0104932     -
(1)     Total Qualified Dividend is a subset of, and is included in, the Taxable Ordinary Dividend amount.
(2) Unrecaptured Section 1250 Gain is a subset of, and is included in, the Total Capital Gain Distribution amount.
 

Stockholders are encouraged to consult with their tax advisors as to their specific tax treatment for Kilroy Realty Corporation common and preferred distributions.

About Kilroy Realty Corporation. With more than 65 years of experience owning, developing, acquiring and managing commercial properties in West Coast real estate markets, publicly traded real estate investment trust Kilroy Realty Corporation (KRC), a member of the S&P MidCap 400 Index, is one of the region’s premier landlords. The company provides physical work environments that can advance creativity and productivity to serve a roster of dynamic, innovation-driven tenants that includes technology, entertainment, digital media and health care companies. At September 30, 2013, the company’s stabilized portfolio totaled 12.5 million square feet of office properties, all located in the coastal regions of greater Seattle, the San Francisco Bay Area, Los Angeles, Orange County, and San Diego. In addition, KRC had approximately 1.9 million square feet of new office development under construction with a total estimated investment of approximately $1.1 billion. More information is available at http://www.kilroyrealty.com.

Contacts

Kilroy Realty Corporation
Tyler H. Rose
Executive Vice President
and Chief Financial Officer
(310) 481-8484
or
Michelle Ngo
Senior Vice President
and Treasurer
(310) 481-8581

Sharing

Contacts

Kilroy Realty Corporation
Tyler H. Rose
Executive Vice President
and Chief Financial Officer
(310) 481-8484
or
Michelle Ngo
Senior Vice President
and Treasurer
(310) 481-8581