COPT Announces Tax Treatment of 2012 Distributions

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

Total

2012 Taxable

2012 Total

Unrecaptured

Payment

Distribution per

Total Distribution

Ordinary

2012 Qualified

Capital Gain

Return of

Section 1250

Record Date

Date

Share

Allocable to 2012

Dividends

Dividends

Distribution

Capital (1)

Gain

Common Shares (CUSIP# 22002T108)

3/31/2012

4/16/2012

$

0.2750

$

0.2750

$

0.091244

$

-

$

-

$

0.183756

$

-

6/29/2012

7/16/2012

$

0.2750

$

0.2750

$

0.091244

$

-

$

-

$

0.183756

$

-

9/12/2012

10/15/2012

$

0.2750

$

0.2750

$

0.091244

$

-

$

-

$

0.183756

$

-

12/31/2012

1/15/2013

$

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

Total

2012 Taxable

2012 Total

Unrecaptured

Payment

Distribution per

Total Distribution

Ordinary

2012 Qualified

Capital Gain

Section 1250

Record Date

Date

Share

Allocable to 2012

Dividends

Dividends

Distribution

Gain

Series G Preferred Shares (CUSIP# 22002T504)

3/31/2012

4/16/2012

$

0.5000

$

0.5000

$

0.5000

$

-

$

-

$

-

6/29/2012

7/16/2012

$

0.5000

$

0.5000

$

0.5000

$

-

$

-

$

-

8/1/2012

8/1/2012

$

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

Total

2012 Taxable

2012 Total

Unrecaptured

Payment

Distribution per

Total Distribution

Ordinary

2012 Qualified

Capital Gain

Section 1250

Record Date

Date

Share

Allocable to 2012

Dividends

Dividends

Distribution

Gain

Series H Preferred Shares (CUSIP# 22002T603)

3/31/2012

4/16/2012

$

0.4688

$

0.4688

$

0.4688

$

-

$

-

$

-

6/29/2012

7/16/2012

$

0.4688

$

0.4688

$

0.4688

$

-

$

-

$

-

9/12/2012

10/15/2012

$

0.4688

$

0.4688

$

0.4688

$

-

$

-

$

-

12/31/2012

1/15/2013

$

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

Total

2012 Taxable

2012 Total

Unrecaptured

Payment

Distribution per

Total Distribution

Ordinary

2012 Qualified

Capital Gain

Section 1250

Record Date

Date

Share

Allocable to 2012

Dividends

Dividends

Distribution

Gain

Series J Preferred Shares (CUSIP# 22002T702)

3/31/2012

4/16/2012

$

0.4766

$

0.4766

$

0.4766

$

-

$

-

$

-

6/29/2012

7/16/2012

$

0.4766

$

0.4766

$

0.4766

$

-

$

-

$

-

9/12/2012

10/15/2012

$

0.4766

$

0.4766

$

0.4766

$

-

$

-

$

-

12/31/2012

1/15/2013

$

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

Total

2012 Taxable

2012 Total

Unrecaptured

Payment

Distribution per

Total Distribution

Ordinary

2012 Qualified

Capital Gain

Section 1250

Record Date

Date

Share

Allocable to 2012

Dividends

Dividends

Distribution

Gain

Series K Preferred Shares (CUSIP# 22002T801)

3/31/2012

4/16/2012

$

0.7000

$

0.7000

$

0.7000

$

-

$

-

$

-

6/29/2012

7/16/2012

$

0.7000

$

0.7000

$

0.7000

$

-

$

-

$

-