Camden Property Trust Announces Tax Characteristics of 2016 Distributions

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) announced today the income tax characteristics of its 2016 distributions paid to shareholders as they will be reported on Form 1099-DIV. The Company is releasing information at this time to aid banks, brokerage firms, and institutional investors that are required to issue Form 1099s to their account holders. The final classifications of the distributions for 2016 are as follows:

Camden Property Trust – Common Shares			(CUSIP – 133131102)
					Unrecaptured
		Cash	Ordinary		Sec. 1250
Record	Payment	Distribution	Taxable	Capital Gain	Capital Gain	Return of
Date	Date	Per Share	Dividend	Distribution	25% Rate	Capital
03/31/16	04/18/16	$0.7500	0.0000%	69.2613%	30.7387%	0.0000%
06/30/16	07/18/16	$0.7500	0.0000%	69.2613%	30.7387%	0.0000%
09/23/16	09/30/16	$4.2500	0.0000%	69.2613%	30.7387%	0.0000%
09/30/16	10/17/16	$0.7500	0.0000%	69.2613%	30.7387%	0.0000%
12/16/16	01/17/17	$0.7500	0.0000%	69.2613%	30.7387%	0.0000%

Based on the above percentages, the following represents a 1099-DIV for one share of common stock:

Form 1099-DIV	(Boxes 1a + 2a + 3)	Box 1a	Box 2a	Box 2b	Box 3
	Cash	Ordinary	Total
	Distribution	Taxable	Capital Gain	Unrecaptured Sec. 1250	Nondividend
	Per Share	Dividend	Distributions	Gain^(1)	Distributions
Total	$7.2500	$0.0000	$7.2500	$2.2286	$0.0000

⁽¹⁾ Amounts in Box 2b are included in Box 2a.

For corporate shareholders the Section 291(a) preference item is 6.1477% of the total distribution.

Also, the company did not incur any foreign taxes during 2016.

In addition to historical information, this press release contains forward-looking statements under the federal securities law. These statements are based on current expectations, estimates and projections about the industry and markets in which Camden operates, management’s beliefs, and assumptions made by management. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties which are difficult to predict.

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 152 properties containing 52,793 apartment homes across the United States. Upon completion of 7 properties under development, the Company’s portfolio will increase to 55,366 apartment homes in 159 properties. Camden was recently named by FORTUNE^® Magazine for the ninth consecutive year as one of the “100 Best Companies to Work For” in America, ranking #9.

For additional information, please contact Camden’s Investor Relations Department at [phone] or access our website at camdenliving.com.