BOSTON, Jan. 15 /PRNewswire-FirstCall/ -- Boston Properties, Inc.
(NYSE: BXP), a real estate investment trust, announced today the tax treatment
of its 2001 distributions as described in the chart below. The common stock
distribution with a record date of 12/28/2001 is a split dividend, as
indicated below in the status column, with the amount of $0.0584 per common
share taxable in 2001 and $0.5216 per common share taxable in 2002.
Shareholders are encouraged to consult with their personal tax advisors as to
their specific tax treatment of Boston Properties distributions.
Income
Allocations
F=Final Security Ticker Issuer Declaration
Status E=Estimated Description CUSIP Symbol Class. Date
Common 101121101 BXP 1 12/15/00
Common 101121101 BXP 1 3/20/01
Common 101121101 BXP 1 5/2/01
Common 101121101 BXP 1 9/17/01
Common 101121101 BXP 1 12/18/01
Split Common 101121101 BXP 1 12/18/01
F Totals for 2001 Common Stock
Preferred 101121200 BXP 1 12/15/00
Preferred 101121200 BXP 1 3/20/01
Preferred 101121200 BXP 1 5/2/01
Preferred 101121200 BXP 1 9/17/01
F Totals for 2001 Preferred Stock
Income
Allocations Cash Taxable
F=Final Record Payable Distribution Ordinary
Status E=Estimated Date Date Per Share Dividend
12/29/00 1/29/01 $0.2672 $0.2672
3/30/01 4/30/01 $0.5300 $0.5300
6/29/01 7/30/01 $0.5800 $0.5800
9/28/01 10/30/01 $0.5800 $0.5800
12/28/01 1/29/02 $0.0584 $0.0584
Split 12/28/01 1/29/02 $0.5216 $0.5216
F Totals for 2001 Common Stock $2.0156 $2.0156
12/29/00 2/15/01 $0.7320 $0.7320
3/30/01 5/15/01 $0.7315 $0.7315
6/29/01 8/15/01 $0.7612 $0.7612
9/28/01 11/15/01 $0.7612 $0.7612
F Totals for 2001 Preferred $2.9859 $2.9859
Stock
Boston Properties is a fully integrated, self-administered and self-
managed real estate investment trust that develops, redevelops, acquires,
manages, operates and owns a diverse portfolio of Class-A office, industrial
and hotel properties. The Company is one of the largest owners and developers
of Class-A office properties in the United States, concentrated in four core
markets -- Boston, Midtown Manhattan, Washington, DC and San Francisco.
Visit the Company's web site at http://www.bostonproperties.com . Also
see http://www.frbinc.com .
SOURCE Boston Properties, Inc.
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Related links: http://www.bostonproperties.com
CONTACT: Douglas T. Linde, Chief Financial Officer of Boston Properties, Inc., +1-617-236-3300, or General, Marilynn Meek, +1-212-445-8451, or Media, Judith Sylk-Siegel, +1-212-445-8431, both of FRB Weber Shandwick
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