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| Camden Property Trust Announces Tax Characteristics of 2001 Distributions |
| CAMDEN PROPERTY TRUST COMPANY LOGO
Camden Property Trust Company logo. (PRNewsFoto)[AG] HOUSTON, TX USA | |||
HOUSTON, Jan. 10 /PRNewswire-FirstCall/ -- Camden Property Trust (NYSE: CPT) announced today the income tax characteristics of its 2001 distributions paid to shareholders as they will be reported on Form 1099-DIV. The Company is releasing information at this time to aid banks, brokerage firms, and institutional investors that are required to issue Form 1099s to their accountholders. The final classifications of the distributions for 2001 are as follows: Camden Property Trust - Common Shares Dist. Ordinary 20% Rate 25% Rate Record Payable Per Taxable Return of Long-Term Sec. 1250 Date Date Share Dividend Capital Capital Gain Capital Gain 3/30/01 4/17/01 $0.6100 94.6686% 0.0000% 4.6001% 0.7313% 6/29/01 7/17/01 $0.6100 94.6686% 0.0000% 4.6001% 0.7313% 9/28/01 10/17/01 $0.6100 94.6686% 0.0000% 4.6001% 0.7313% 12/18/01 1/17/02 $0.6100 94.6686% 0.0000% 4.6001% 0.7313% Camden Property Trust - Convertible Preferred Shares - Redeemed April 30, 2001 Dist. Ordinary 20% Rate 25% Rate Record Payable Per Taxable Return of Long-Term Sec. 1250 Date Date Share Dividend Capital Capital Gain Capital Gain 12/20/00 2/15/01 $0.5625 94.6686% 0.0000% 4.6001% 0.7313% 3/30/01 5/15/01 $0.5625 94.6686% 0.0000% 4.6001% 0.7313% 4/30/01 5/15/01* $0.1875 94.6686% 0.0000% 4.6001% 0.7313% * The payment for $0.1875 per share on 5/15/01 represents the final distribution for holders of preferred shares who did not convert to common shares prior to the final redemption date of April 30, 2001. For corporate shareholders the Section 291(a) preference item is 0.1463% of the total distribution. The Company reports distributions recorded during 2001 and paid within 30 days of year-end in the income of the recipient for 2001. In other words, the distribution recorded in December 2000 and paid in January 2001 to holders of common shares was included in the prior year's (2000) taxable income, and the distribution recorded in December 2001 but paid in January 2002 is included in 2001 income, reported above. The distributions paid on preferred shares which were declared and recorded in December 2000 and paid in February 2001 were included in 2001 income because they were paid more than 30 days after year end 2000. 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 51,345 apartment homes in the Sunbelt and Midwestern markets from Florida to California. Upon completion of one property under development, the Company's portfolio will increase to 51,883 apartment homes in 146 properties. For more information, please contact Camden's Investor Relations Department at (800) 922-6336 x2787 or (713) 354-2787, or visit Camden's website at http://www.camdenliving.com .SOURCE Camden Property Trust
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CONTACT:
Investor Relations Department of Camden
Property Trust, +1-800-922-6336, ext. 2787, or +1-713-354-2787
