Business & Finance
Business and Finance
Business and Finance
Thu, January 15, 2009
Wed, January 14, 2009 Essex Property Trust: Essex Reports Characteristics of 2008 Dividend
PALO ALTO, CA--(Marketwire - January 14, 2009) - Essex Property Trust, Inc. (
Common Stock - CUSIP Number 297178105: Unrecaptured Section 1250 Cash Ordinary Capital Capital Record Payment Distribution Taxable Return of Gain Gain Date Date Per Share Dividend Capital (15% rate) (25% rate) ------------------------------------------------------- 3/31/2008 4/15/2008 $1.020000 $1.009275 $0.000000 $0.010726 $0.000000 6/30/2008 7/15/2008 $1.020000 $1.009275 $0.000000 $0.010726 $0.000000 9/30/2008 10/15/2008 $1.020000 $1.009275 $0.000000 $0.010726 $0.000000 ------------------------------------------------------- Totals: $3.060000 $3.027824 $0.000000 $0.032177 $0.000000 Percentages: 100% 98.95% 0% 1.05% 0%
For purposes of calculating alternative minimum taxable income under Sec. 55 of the Internal Revenue Code of 1986, the Company apportions $0.16 per common share attributable to depreciation assuming a full year of ownership.
Series F Preferred - CUSIP Number 297178204: Unrecaptured Section 1250 Cash Ordinary Capital Capital Record Payment Distribution Taxable Return of Gain Gain Date Date Per Share Dividend Capital (15% rate) (25% rate) ------------------------------------------------------- 2/15/2008 3/3/2008 $0.488280 $0.483153 $0.000000 $0.005127 $0.000000 5/15/2008 6/2/2008 $0.488280 $0.483153 $0.000000 $0.005127 $0.000000 8/15/2008 9/1/2008 $0.488280 $0.483153 $0.000000 $0.005127 $0.000000 11/14/2008 12/1/2008 $0.488280 $0.483153 $0.000000 $0.005127 $0.000000 ------------------------------------------------------- Totals: $1.95312 $1.93261 $0.0000 $0.02051 $0.00000 Percentages: 100% 98.95% 0% 1.05% 0.00%
For purposes of calculating alternative minimum taxable income under Sec. 55 of the Internal Revenue Code of 1986, the Company apportions $0.11 per preferred Series F share attributable to depreciation assuming a full year of ownership.
Series G Preferred - CUSIP Number 297178303: Unrecaptured Section 1250 Cash Ordinary Capital Capital Record Payment Distribution Taxable Return of Gain Gain Date Date Per Share Dividend Capital (15% rate) (25% rate) ------------------------------------------------------- 1/2/2008 1/31/2008 $0.304690 $0.301491 $0.000000 $0.003199 $0.000000 4/1/2008 4/30/2008 $0.304690 $0.301491 $0.000000 $0.003199 $0.000000 7/1/2008 7/31/2008 $0.304690 $0.301491 $0.000000 $0.003199 $0.000000 10/1/2008 10/31/2008 $0.304690 $0.301491 $0.000000 $0.003199 $0.000000 ------------------------------------------------------- Totals: $1.21876 $1.20596 $0.00000 $0.01280 $0.00000 Percentages: 100% 98.95% 0% 1.05% 0.00%
For purposes of calculating alternative minimum taxable income under Sec. 55 of the Internal Revenue Code of 1986, the Company apportions $0.07 per preferred Series G share attributable to depreciation assuming a full year of ownership.
The Company did not incur any foreign taxes during 2008.
Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of Essex Property Trust, Inc. dividends.
Essex Property Trust, Inc., located in Palo Alto, California and traded on the New York Stock Exchange (ESS), is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast communities. Essex currently has ownership interests in 132 multifamily properties (26,590 units), and has 1,658 units in various stages of development. Additional information about Essex can be found on the Company's web site at [ www.essexpropertytrust.com ]. If you would like to receive future press releases via e-mail-please send a request to [ investors@essexpropertytrust.com ].
