Boston Properties Announces Tax Treatment of 2000 Distributions

Search Blogs that Mention this News Release
Click this link to view linked Bookmarking Services
Click this link to view linked Blogging Services
Boston Properties Announces Tax Treatment of 2000 Distributions
    BOSTON, Jan. 18 /PRNewswire/ -- Boston Properties, Inc. (NYSE: BXP), a
real estate investment trust, announced today the tax treatment of its 2000
distributions as described in the chart below.  The common stock distribution
with a record date of 12/29/2000 is a split dividend, as indicated below in
the status column, with the amount of $0.2628 per common share taxable in 2000
and $0.2672 per common share taxable in 2001.  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     12/17/1999
                           Common  101121101    BXP     1     03/21/2000
                           Common  101121101    BXP     1     05/03/2000
                           Common  101121101    BXP     1     09/18/2000
                           Common  101121101    BXP     1     12/15/2000
    Split                  Common  101121101    BXP     1     12/15/2000
                 F   Totals for 2000 Common Stock       1

                         Preferred 101121101    BXP     1     12/17/1999
                         Preferred 101121101    BXP     1     03/21/2000
                         Preferred 101121101    BXP     1     05/03/2000
                         Preferred 101121101    BXP     1     09/18/2000
                 F   Totals for 2000 Preferred Stock    1



              Income
            Allocations                                 Cash       Taxable
              F=Final        Record       Payable   Distribution  Ordinary
    Status  E=Estimated       Date         Date       Per Share   Dividend
                           12/30/1999   01/28/2000     $0.4373     $0.4373
                           03/31/2000   04/28/2000     $0.4500     $0.4500
                           06/30/2000   07/28/2000     $0.5300     $0.5300
                           09/29/2000   10/27/2000     $0.5300     $0.5300
                           12/29/2000   01/29/2001     $0.2628     $0.2628
    Split                  12/29/2000   01/29/2001     $0.2672     $0.2672
                 F   Totals for 2000 Common Stock      $2.2101     $2.2101

                           12/30/1999   02/15/2000     $0.7009     $0.7009
                           03/31/2000   05/15/2000     $0.6935     $0.6935
                           06/30/2000   08/15/2000     $0.7089     $0.7089
                           09/29/2000   11/15/2000     $0.7089     $0.7089
                 F   Totals for 2000 Preferred Stock   $2.8122     $2.8122

    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, Washington, DC, Midtown Manhattan and San Francisco.

    To receive Boston Properties' latest news and corporate developments via
fax at no cost, please call 1-800-PRO-INFO; use company code BXP.  Visit the
Company's web site at http://www.bostonproperties.com .  Also see
http://www.frbinc.com .
SOURCE Boston Properties, Inc.
http://www.bostonproperties.com
CONTACT:
Investor, Elaine Quinlan of Boston
Properties, 617-236-3300