SAN MATEO, CA--(Marketwired - January 15, 2016) - Essex Property Trust, Inc. (NYSE: ESS) announced today the income tax treatment for its 2015 distributions to shareholders. The 2015 distribution characteristics are as follows:
Common Stock - CUSIP Number 297178105:
Unrecaptured
Cash Ordinary Capital Section 1250
Record Payment Distribution Taxable Return of Gain Capital Gain
Date Date Per Share Dividend Capital (20% rate) (25% rate)
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1/2/2015 1/15/2015 $1.30000 $1.29060 $0.00000 $0.00940 $0.00000
3/31/2015 4/15/2015 $1.44000 $1.42960 $0.00000 $0.01040 $0.00000
6/30/2015 7/15/2015 $1.44000 $1.42960 $0.00000 $0.01040 $0.00000
9/30/2015 10/15/2015 $1.44000 $1.42960 $0.00000 $0.01040 $0.00000
-------------------------------------------------------
Totals: $5.62000 $5.57940 $0.00000 $0.04060 $0.00000
Percentages: 100% 99.2776% 0.0000% 0.7224% 0.0000%
For purposes of calculating alternative minimum taxable income under Sec. 55 of the Internal Revenue Code of 1986, the Company apportions $0.11 per common share attributable to depreciation assuming a full year of ownership.
Series H Preferred - CUSIP Number 297178402:
Unrecaptured
Cash Ordinary Capital Section 1250
Record Payment Distribution Taxable Return of Gain Capital Gain
Date Date Per Share Dividend Capital (20% rate) (25% rate)
-------------------------------------------------------
1/2/2015 1/15/2015 $0.44531 $0.44209 $0.00000 $0.00322 $0.00000
4/1/2015 4/15/2015 $0.44531 $0.44209 $0.00000 $0.00322 $0.00000
7/1/2015 7/15/2015 $0.44531 $0.44209 $0.00000 $0.00322 $0.00000
10/1/2015 10/15/2015 $0.44531 $0.44209 $0.00000 $0.00322 $0.00000
-------------------------------------------------------
Totals: $1.78124 $1.76836 $0.00000 $0.01288 $0.00000
Percentages: 100% 99.2776% 0.0000% 0.7224% 0.0000%
The Company did not incur any foreign taxes during 2015.
Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of Essex Property Trust, Inc. dividends.
About Essex Property Trust, Inc.
Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 244 apartment communities with an additional 9 properties in various stages of active development. Additional information about Essex can be found on the Company's web site at www.essex.com.
Contact Information
Barb Pak
Vice President of Finance & Investor Relations
(650) 655-7800
bpak@essex.com
