Duke Realty Corporation (NYSE: DRE) Announces the Income Tax Characteristics of Its 2014 Common and Preferred Share Dividends


INDIANAPOLIS, IN--(Marketwired - Jan 23, 2015) - Duke Realty Corporation (NYSE: DRE) announces the income tax characteristics of its 2014 common and preferred share dividends. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Duke Realty Corporation's dividends. 

Common Share Dividends:
Ticker Symbol DRE, CUSIP # 264411505

                     


Payment Date
  Total 2014 Distribution Per Share   Total Ordinary Dividends   Total Capital Gain Distribution   Unrecaptured Section 1250 Gain
(1)
 
Nondividend Distributions
Form 1099-DIV Box Number      

1a
  2a   2b  

3
2/28/14   0.170000   0.100617   0.065175   0.035206   0.004208
5/30/14   0.170000   0.100617   0.065175   0.035206   0.004208
8/29/14   0.170000   0.100617   0.065175   0.035206   0.004208
11/28/14   0.170000   0.100617   0.065175   0.035206   0.004208
2014 Totals   $0.680000   $0.402468   $0.260700   $0.140824   $0.016832
Percentage   100.0000%   59.1865%   38.3382%       2.4753%
 
(1) Unrecaptured Sec. 1250 Gain is a subset of, and is included in, the Total Capital Gain Distribution amount reported in box 2a of Form 1099-DIV.
 

Preferred Share Dividends:

                         


Security
 
Ticker Symbol
 

CUSIP #
  Total 2014 Distribution
Per Share
 
Total Ordinary Dividends
  Total Capital Gain Distribution  
Unrecaptured Section 1250 Gain
(1)
Form 1099-DIV Box Number              
1a
  2a   2b
Series J   DREPRJ   264411778   $1.127171   0.684067   0.443104   0.239354
Series K   DREPRK   264411760   $1.733333   1.051942   0.681391   0.368072
Series L   DREPRL   264411745   $1.718750   1.043092   0.675658   0.364975
Percentage           100.0000%   60.6889%   39.3111%    
 
(1) Unrecaptured Sec. 1250 Gain is a subset of, and is included in, the Total Capital Gain Distribution amount reported in box 2a of Form 1099-DIV.
 

For corporate shareholders, the Section 291(a) preference item is 4.1531% of total dividend distributions. The company did not incur any foreign taxes in 2014. For purposes of satisfying U.S. federal income tax withholding obligations under Section 1.1445-8 of the federal income tax regulations with respect to payments to foreign shareholders, Duke Realty Corporation characterizes the long-term capital gain portion of the dividends, including the Unrecaptured Section 1250 gain, described above as capital gain dividends.

About Duke Realty Corporation
Duke Realty Corporation owns, maintains an interest in or has under development approximately 154.6 million rentable square feet of industrial and office assets, including medical office, in 22 major U.S. metropolitan areas. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty Corporation is available at dukerealty.com.

Contact Information:

Tax Contact:
Tracy D. Swearingen
(317) 808-6133

Investor Relations Contacts:
Ron Hubbard
(317) 808-6060