BOSTON, Jan. 10 /PRNewswire-FirstCall/ — Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, announced today the 2007 tax treatment of its distributions as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Boston Properties distributions.
Record Payable Total Total 2007 2007 2007
Date Date Distribu- Distribu- Taxable Total Unrecap-
tion per tion Ordinary Capital tured
Share Alloc- Dividends Gain Section
able to Distribu- 1250 Gain
2007 tion (1)
Common Shares (CUSIP #101121101)
12/29/06 1/30/07 $6.08000(2) $1.95750 $0.511959 $1.445541 $0.095450
3/30/07 4/30/07 $0.68000 $0.68000 $0.177846 $0.502154 $0.033158
6/29/07 7/31/07 $0.68000 $0.68000 $0.177846 $0.502154 $0.033158
9/28/07 10/31/07 $0.68000 $0.68000 $0.177846 $0.502154 $0.033158
12/31/07 1/30/08 $6.66000(3) $3.78453 $0.989796 $2.794734 $0.184539
Totals $14.7800 $7.78203 $2.035293 $5.746737 $0.379463
100% 26.1538% 73.8462%
(1) Unrecaptured Section 1250 Gain is a subset of, and included in, the
2007 Total Capital Gain Distribution amount.
(2) Amount consists of a $5.40 per share special distribution and a $0.68
per share regular quarterly distribution.
(3) Amount consists of a $5.98 per share special distribution and a $0.68
per share regular quarterly distribution.
The common stock distribution with a record date of December 29, 2006 is a split-year dividend of which an aggregate of $4.1225 per common share was allocable to 2006 and an aggregate of $1.9575 is allocable to 2007. The common stock distribution with a record date of December 31, 2007 is a split- year dividend of which an aggregate of $3.78453 per common share is allocable to 2007 and an aggregate of $2.87547 is allocable to 2008.
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 space and one hotel. The Company is one of the largest owners and developers of Class A office properties in the United States, concentrated in five markets — Boston, Midtown Manhattan, Washington, D.C., San Francisco and Princeton, N.J. For more information about Boston Properties, please visit the Company's web site at www.bostonproperties.com.
SOURCE Boston Properties, Inc.
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