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Duke Realty Corporation: Duke Realty Corporation (NYSE: DRE) Announces the Income Tax Characteristics of Its 2008 Common and Pr

^{Published on 2009-01-22 17:24:22, Last Modified on 2009-01-22 17:25:19 - Market Wire}
 

INDIANAPOLIS, IN--(Marketwire - January 22, 2009) - Duke Realty Corporation (NYSE: [ DRE ]) announces the income tax characteristics of its 2008 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 Total Total 2008 Capital Unrecapt- Non- Distribu- Taxable Qualified Gain ured Sec- Taxable tion Per Ordinary Dividend Distrib- tion 1250 Return of Payment Date Share Dividend Income ution Gain (1) Capital ------------- --------- -------- --------- -------- --------- -------- Form 1099-DIV Box Number 1a 1b 2a 2b 3 2/29/08 .480000 .188594 .000000 .291406 .014988 .000000 5/30/08 .480000 .188594 .000000 .191683 .014988 .099723 8/29/08 .485000 .190559 .000000 .081052 .015144 .213389 11/28/08 .485000 .190559 .000000 .081052 .015144 .213389 2008 Totals 1.930000 .758306 .000000 .645193 .060264 .526501 Percentage 100.0000% 39.2905% 33.4297% 27.2798% (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: Total Total Unreca- 2008 Quali- Capital ptured Distribu- Taxable fied Gain Section Ticker tion Per Ordinary Dividend Distri- 1250 Security Symbol CUSIP # Share Dividend Income bution Gain(1) ----------- ------ --------- --------- -------- ------- ------- ------- Form 1099-DIV Box Number 1a 1b 2a 2b Preferred DREPRJ 264411778 $1.656252 1.162004 .000000 .494248 .092348 Series J 100.0000% 70.1587% 29.8413% Preferred DREPRK 264411760 $1.625000 1.140080 .000000 .484920 .090604 Series K 100.0000% 70.1587% 29.8413% Preferred DREPRL 264411745 $1.650000 1.157616 .000000 .492384 .091996 Series L 100.0000% 70.1587% 29.8413% Preferred DREPRM 264411729 $1.737500 1.219008 .000000 .518492 .096876 Series M 100.0000% 70.1587% 29.8413% Preferred DREPRN 264411695 $1.812500 1.271624 .000000 .540876 .101056 Series N 100.0000% 70.1587% 29.8413% Preferred DREPRO 264411679 $1.797137 1.260847 .000000 .536290 .100202 Series O 100.000% 70.1587% 29.8413% (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 0.7164% of total dividend distributions. The company did not incur any foreign taxes in 2008. 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 unrecaptured Section 1250 gain and long-term capital gain portions of the dividends described above as capital gain dividends.

About Duke Realty Corporation

Duke Realty Corporation specializes in the ownership, construction, development, leasing, and management of office, industrial, and healthcare real estate. In terms of market capitalization, Duke is the largest publicly traded, vertically integrated office/industrial real estate company in the United States. The company owns, manages, or has under development more than 144 million rentable square feet in 20 major U.S. cities. 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 is available at [ www.dukerealty.com ].