COPT Announces Tax Treatment of 2012 Distributions

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COPT Announces Tax Treatment of 2012 Distributions

COLUMBIA, Md.--(BUSINESS WIRE)-- Corporate Office Properties Trust (COPT or the Company) (NYS: OFC) announced that 33.18% of its 2012 Common Share distributions qualifies as ordinary income and 66.82% qualifies as return of capital. The Company also announced that 100% of its distributions paid to Preferred Shares in 2012 qualify as ordinary income. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment for Corporate Office Properties Trust Common and Preferred Share distributions.

The Common and Preferred share distributions with a record date of December 31, 2012 (with a payment date of January 15, 2013) will be allocable to 2013 for income tax purposes as the company had already distributed in excess of 100% of its 2012 taxable income to shareholders prior to making its fourth quarter distributions.


The table below summarizes the income tax treatment for 2012 distributions for the Common Shares of COPT.

        
2012
Total2012 Taxable2012 TotalUnrecaptured
PaymentDistribution perTotal DistributionOrdinary2012 QualifiedCapital GainReturn ofSection 1250
Record Date Date Share Allocable to 2012 Dividends Dividends Distribution Capital (1) Gain
 

Common Shares (CUSIP# 22002T108)

 
3/31/20124/16/2012$0.2750$0.2750$0.091244$-$-$0.183756$-
6/29/20127/16/2012$0.2750$0.2750$0.091244$-$-$0.183756$-
9/12/201210/15/2012$0.2750$0.2750$0.091244$-$-$0.183756$-
12/31/20121/15/2013$0.2750 $- $- $- $- $- $-
 
$1.1000 $0.8250 $0.273732 $- $- $0.551268 $-
 
(1) Represents a return of shareholder investment.
 

The table below summarizes the income tax treatment for 2012 distributions for the COPT Series G Preferred Shares.

       
2012
Total2012 Taxable2012 TotalUnrecaptured
PaymentDistribution perTotal DistributionOrdinary2012 QualifiedCapital GainSection 1250
Record Date Date Share Allocable to 2012 Dividends Dividends Distribution Gain
 
Series G Preferred Shares (CUSIP# 22002T504)
 
3/31/20124/16/2012$0.5000$0.5000$0.5000$-$-$-
6/29/20127/16/2012$0.5000$0.5000$0.5000$-$-$-
8/1/20128/1/2012$0.1222 $0.1222 $0.1222 $- $- $-
 
$1.1222 $1.1222 $1.1222 $- $- $-
 

The table below summarizes the income tax treatment for 2012 distributions for the COPT Series H Preferred Shares.

       
2012
Total2012 Taxable2012 TotalUnrecaptured
PaymentDistribution perTotal DistributionOrdinary2012 QualifiedCapital GainSection 1250
Record Date Date Share Allocable to 2012 Dividends Dividends Distribution Gain
 
Series H Preferred Shares (CUSIP# 22002T603)
 
3/31/20124/16/2012$0.4688$0.4688$0.4688$-$-$-
6/29/20127/16/2012$0.4688$0.4688$0.4688$-$-$-
9/12/201210/15/2012$0.4688$0.4688$0.4688$-$-$-
12/31/20121/15/2013$0.4688 $- $- $- $- $-
 
$1.8752 $1.4064 $1.4064 $- $- $-
 

The table below summarizes the income tax treatment for 2012 distributions for the COPT Series J Preferred Shares.

       
2012
Total2012 Taxable2012 TotalUnrecaptured
PaymentDistribution perTotal DistributionOrdinary2012 QualifiedCapital GainSection 1250
Record Date Date Share Allocable to 2012 Dividends Dividends Distribution Gain
 
Series J Preferred Shares (CUSIP# 22002T702)
 
3/31/20124/16/2012$0.4766$0.4766$0.4766$-$-$-
6/29/20127/16/2012$0.4766$0.4766$0.4766$-$-$-
9/12/201210/15/2012$0.4766$0.4766$0.4766$-$-$-
12/31/20121/15/2013$0.4766 $- $- $- $- $-
 
$1.9064 $1.4298 $1.4298 $- $- $-
 

The table below summarizes the income tax treatment for 2012 distributions for the COPT Series K Preferred Shares.

       
2012
Total2012 Taxable2012 TotalUnrecaptured
PaymentDistribution perTotal DistributionOrdinary2012 QualifiedCapital GainSection 1250
Record Date Date Share Allocable to 2012 Dividends Dividends Distribution Gain
 
Series K Preferred Shares (CUSIP# 22002T801)
 
3/31/20124/16/2012$0.7000$0.7000$0.7000$-$-$-
6/29/20127/16/2012$0.7000$0.7000$0.7000$-$-$-
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