Business & Finance
Mon, January 19, 2009Fri, January 16, 2009Thu, January 15, 2009Wed, January 14, 2009Tue, January 13, 2009Mon, January 12, 2009Sun, January 11, 2009Fri, January 9, 2009Thu, January 8, 2009Wed, January 7, 2009Douglas Emmett Reports 2008 Taxability of Dividends
Published in Business and Finance on Monday, January 12th 2009 at 17:52 GMT, Last Modified on 2009-01-12 17:53:51 by Market Wire
SANTA MONICA, Calif.--([ BUSINESS WIRE ])--Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT) whose primary focus is owning and acquiring top-tier office properties and multifamily communities within targeted submarkets, announced today the 2008 tax treatment of its dividends. The Company's dividends relating to its common stock (CUSIP #25960P109) will be classified for United States federal income tax purposes as follows:
| Record Date | Paid Date | Dividend Per Share | Dividend Allocable to 2008 | 2008 Dividend Ordinary Income % | 2008 Dividend Capital Gain % | 2008 Return of Capital % | |||||||||||
| 12/31/07 | 01/15/08 | $ | 0.1750 | $ | 0.1750 | 0.0 | % | 0.0 | % | 100.0 | % | ||||||
| 03/31/08 | 04/15/08 | $ | 0.1875 | $ | 0.1875 | 0.0 | % | 0.0 | % | 100.0 | % | ||||||
| 06/30/08 | 07/15/08 | $ | 0.1875 | $ | 0.1875 | 0.0 | % | 0.0 | % | 100.0 | % | ||||||
| 09/30/08 | 10/15/08 | $ | 0.1875 | $ | 0.1875 | 0.0 | % | 0.0 | % | 100.0 | % | ||||||
| 12/31/08 | 01/15/09 | $ | 0.1875 | $ | 0.000 | 0.0 | % | 0.0 | % | 0.0 | % | ||||||
| Total: | $ | 0.9250 | $ | 0.7375 | 0.0 | % | 0.0 | % | 100.0 | % | |||||||
The common stock dividend of $0.1750 paid on January 15, 2008, with a record date of December 31, 2007, is allocated to 2008. The common stock dividend of $0.1875 that will be paid on January 15, 2009, with a record date of December 31, 2008, will be allocated to 2009. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of Douglas Emmett, Inc. dividends.
About Douglas Emmett, Inc.
Douglas Emmett, Inc. (NYSE: DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in premier submarkets in California and Hawaii. The Company's properties are concentrated in ten submarkets – Brentwood, Olympic Corridor, Century City, Santa Monica, Beverly Hills, Westwood, Sherman Oaks/Encino, Warner Center/Woodland Hills, Burbank and Honolulu. The Company focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities. For more information on Douglas Emmett, please visit the Company's Web site at [ www.douglasemmett.com ].
Safe Harbor Statement
Except for the historical facts, the statements in this press release regarding Douglas Emmett's business activities are forward-looking statements based on the beliefs of, assumptions made by, and information currently available to us about known and unknown risks, trends, uncertainties and factors that are beyond our control or ability to predict. Although we believe that our assumptions are reasonable, they are not guarantees of future performance and some will inevitably prove to be incorrect. As a result, our actual future results can be expected to differ from our expectations, and those differences may be material. Accordingly, investors should use caution in relying on forward-looking statements to anticipate future results or trends. For a discussion of some of the risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in our Annual Report on Form 10-K filed with the Securities and Exchange Commission.
