Camden Property Trust Announces Estimated Tax Characteristics of Its 2000 Reportable Distributions

Search Blogs that Mention this News Release
Click this link to view linked Bookmarking Services
Click this link to view linked Blogging Services
Camden Property Trust Announces Estimated Tax Characteristics of Its 2000 Reportable Distributions
    HOUSTON, Jan. 9 /PRNewswire/ -- Camden Property Trust (NYSE: CPT)
announced today the income tax characteristics of its 2000 distributions paid
to shareholders as they will be reported on Form 1099-DIV.
    The Company is releasing information at this time to aid banks and
brokerage firms that are required to issue to their accountholders Form 1099s
on the Company's distributions.  The final classifications of the
distributions for 2000 are as follows:

     Camden Property Trust -- Common Shares

                                                        20% Rate   25% Rate
                       Ordinary                         Long-Term  Sec. 1250
    Record  Payable  Distribution  Taxable   Return of   Capital    Capital
    Date     Date     Per Share    Dividend   Capital     Gain       Gain

    3/31/00   4/17/00   $0.5625    76.1550%   0.0000%    4.7587%   19.0863%
    6/30/00   7/17/00   $0.5625    76.1550%   0.0000%    4.7587%   19.0863%
    9/29/00  10/17/00   $0.5625    76.1550%   0.0000%    4.7587%   19.0863%
    12/18/00  1/17/01   $0.5625    76.1550%   0.0000%    4.7587%   19.0863%


     Camden Property Trust -- Convertible Preferred Shares

                                                        20% Rate   25% Rate
                       Ordinary                         Long-Term  Sec. 1250
    Record  Payable  Distribution  Taxable   Return of   Capital    Capital
    Date     Date     Per Share    Dividend   Capital     Gain       Gain

    12/20/99 2/15/00   $0.5625     76.1550%   0.0000%    4.7587%   19.0863%
    3/31/00  5/15/00   $0.5625     76.1550%   0.0000%    4.7587%   19.0863%
    6/30/00  8/15/00   $0.5625     76.1550%   0.0000%    4.7587%   19.0863%
    9/29/00 11/15/00   $0.5625     76.1550%   0.0000%    4.7587%   19.0863%


    For corporate shareholders the Section 291(a) preference item is 3.8173%
of the total distribution.
    The Company reports distributions recorded during 2000 and paid within
30 days of year-end in the income of the recipient for 2000.  In other words,
the distribution recorded in December 1999 and paid in January 2000 to holders
of Common Shares was included in the prior year's taxable income, and the
distribution recorded in December 2000 but paid in January 2001 is included in
2000 income.
    Camden Property Trust is a real estate company engaged in the ownership,
development, acquisition, management and disposition of multifamily apartment
communities.  Camden owns interests in and operates 145 properties containing
51,336 apartment homes in the Sunbelt and Midwestern markets from Florida to
California.  Upon completion of three properties under development, the
Company's portfolio will increase to 52,874 apartment homes in 148 properties.
    In addition to historical information, this press release contains
forward-looking statements under the federal securities law.  These statements
are based on current expectations, estimates and projections, including those
relating to the Company's final taxable income for the year 2000, and
assumptions based on information currently available.  Forward-looking
statements are not guarantees of future performance and involve certain risks
and uncertainties, which are difficult to predict.  The Company assumes no
obligation to update forward-looking statements.
    For more information, please contact Camden's Investor Relations
Department at 1-800-9Camden, or 713/354-2787, or access Camden's web site at
http://www.camdenprop.com.
SOURCE Camden Property Trust
http://www.camdenprop.com
CONTACT:
Investor Relations Department of Camden
Property Trust, 800-9Camden, or 713-354-2787