SOURCE: Essex Property Trust, Inc.

Essex Property Trust, Inc.

May 02, 2014 16:08 ET

Essex Property Trust Announces Tax Status of BRE Properties, Inc. 2014 Dividends

PALO ALTO, CA--(Marketwired - May 2, 2014) - Essex Property Trust, Inc. (NYSE: ESS) today announced the 2014 dividend tax status of BRE Properties Inc. (NYSE: BRE) pre-merger distributions to shareholders. The 2014 distribution classifications are:

 
2014 Dividend Tax Status
 
Common Shares Distribution (CUSIP 05564E106):            
Record
Date
  Payment
Date
  Cash Distribution
Per Share
  Taxable Ordinary
Dividend
  Qualifying
Dividend
  Long- Term
Capital Gain
  Unrecaptured
Section 1250 Gain
  Return of
Capital
3/14/2014   3/31/2014   $0.395000   $0.079910       $0.196830   $0.062840   $0.055420
3/31/2014   4/9/2014   $5.150000   $1.041845       $2.566245   $0.819365   $0.722545
    Total:   $5.545000   $1.121755   $0.000000   $2.763075   $0.882205   $0.777965
    Percentage:   100%   20%   0%   50%   16%   14%
                             
Series D Preferred Distribution (CUSIP 05564E601):            
Record Date   Payment Date   Cash Distribution
Per Share
  Taxable Ordinary
Dividend
  Qualifying
Dividend
  Long- Term
Capital Gain
  Unrecaptured
Section 1250 Gain
  Return of
Capital
2/20/2014   2/20/2014   $0.234380   $0.055150       $0.135850   $0.043380    
    Total:   $0.234380   $0.055150   $0.000000   $0.135850   $0.043380   $0.000000
    Percentage:   100%   24%   0%   58%   19%   0%
                             

Wells Fargo Shareowner Services will distribute copies of IRS Form 1099-DIV in January of 2015 to 2014 shareholders of record of BRE's common and preferred stock. Shareholders who held BRE's stock in "street name" during 2014 will receive the form from their bank, brokerage or nominee. BRE shareholders should consult a tax professional to determine how distributions should be reported on state and federal tax forms.

About Essex Property Trust
Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 233 apartment communities with an additional 15 properties in various stages of active development. Additional information about Essex can be found on the Company's web site at www.essexpropertytrust.com.

Contact Information

  • Contact Information
    Barb Pak
    Director of Investor Relations
    (650) 494-3700
    bpak@essex.com