Hudson Pacific Properties, Inc. Announces 2013 Dividend Tax Treatment

By Business Wire,  January 31, 2014, 09:00:00 AM EDT


LOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (the "Company") (NYSE:HPP) today announced the tax treatment for its 2013 common and preferred stock dividends.

The Company's dividends related to its common stock (CUSIP #444097109) will be classified for United States federal income tax purposes as follows:

 
                  Ordinary Dividends      
Distribution             Return of
Record Date       Payment Date       Per Share       Total       Non-Qualified       Qualified       Capital
3/20/13 4/1/13 $ 0.12500 $ 0.01671 $ 0.01605 $ 0.00066 $ 0.10829
6/20/13 7/1/13 $ 0.12500 $ 0.01671 $ 0.01605 $ 0.00066 $ 0.10829
9/20/13 9/30/13 $ 0.12500 $ 0.01671 $ 0.01605 $ 0.00066 $ 0.10829
12/20/13       12/30/13       $ 0.12500         $ 0.01671         $ 0.01605       $ 0.00066       $ 0.10829  
Totals $ 0.50000 $ 0.06684 $ 0.0642 $ 0.00264 $ 0.43316
  100 %         13.3699 %   86.6301 %
 

The Company's dividends related to its 8.375% Series B Cumulative Preferred Stock (CUSIP #444097208) will be classified for United States federal income tax purposes as follows:

 
                  Ordinary Dividends
Distribution            
Record Date       Payment Date       Per Share       Total       Non-Qualified       Qualified
3/20/13 4/1/13 $ 0.52344 $ 0.52344 $ 0.50285 $ 0.02059
6/20/13 7/1/13 $ 0.52344 $ 0.52344 $ 0.50285 $ 0.02059
9/20/13 9/30/13 $ 0.52344 $ 0.52344 $ 0.50285 $ 0.02059
12/20/13       12/30/13       $ 0.52344       $ 0.52344       $ 0.50285       $ 0.02059
Totals $ 2.09376 $ 2.09376 $ 2.0114 $ 0.08236
 

About Hudson Pacific Properties

Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate company focused on owning, operating and acquiring high-quality office properties and state-of-the-art media and entertainment properties in select growth markets primarily in the Pacific Northwest and Northern and Southern California. The Company's strategic investment program targets high barrier-to-entry, in-fill locations with favorable, long-term supply-demand characteristics in select target markets, including Los Angeles, Orange County, San Diego, San Francisco and Seattle. The Company's portfolio currently consists of approximately 6.2 million square feet, not including undeveloped land that the Company believes can support an additional 1.6 million square feet. The Company has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Hudson Pacific Properties is a component of the Russell 2000® and the Russell 3000® indices. For additional information, please visit www.hudsonpacificproperties.com.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the Company's control that may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2012 filed with the Securities and Exchange Commission on March 14, 2013, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission.

Source: Hudson Pacific Properties, Inc.



This article appears in: News Headlines

Referenced Stocks: HPP


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