Post Properties, Inc. (NYSE: PPS) announced today how it expects its
2011 dividends to be classified for federal income tax purposes. The
dividend classifications are shown on the attached chart. Of special
note is that for tax reporting purposes, the common stock dividend paid
on January 13, 2012 is taxable in year 2012. This release is based on
the preliminary results of work on the Company’s tax filings and is
subject to correction or adjustment when the filings are completed.
The Company is releasing information at this time to aid those required
to distribute Forms 1099 on the Company’s dividends. No material change
in these classifications is expected.
About Post Properties
Post Properties, founded 40 years ago, is a leading developer and
operator of upscale multifamily communities. The Company’s mission is
delivering superior satisfaction and value to its residents, associates,
and investors, with a vision of being the first choice in quality
multifamily living. Operating as a real estate investment trust
("REIT”), the Company focuses on developing and managing Post® branded
resort-style garden and high density urban apartments. Post Properties
is headquartered in Atlanta, Georgia, and has operations in ten markets
across the country.
Post Properties has interests in 21,658 apartment units in 58
communities, including 1,747 apartment units in five communities held in
unconsolidated entities and 1,568 apartment units in five communities
currently under development. The Company is also selling luxury for-sale
condominium homes in two communities through a taxable REIT subsidiary.
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Post Properties, Inc.
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Estimated Income Tax Characteristics of 2011 Dividends for Form
1099-DIV
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Total Ordinary Taxable Dividends
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Total Capital Gain Distribution
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(a)
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= Breakout of (a)
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(b)
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= Breakout of (b)
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(c)
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(a)+(b)+(c)
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Ordinary Taxable Dividends (Box
1a Total)
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Total Capital Gain Distribution
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Unrecaptured Sec. 1250 Gain
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Ordinary
Income
Dividends
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Short-Term Capital Gain
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Qualified Dividends (Box 1b
Total)
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Long-Term Capital Gain
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Return
of Capital
(Box 3)
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Declaration
Date
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Record
Date
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Payable
Date
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Distribution
Per Share
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(Box 2a Total)
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(Box 2b)
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Total %
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Common Stock- (PPS) (CUSIP 737464107)
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12/2/2010
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1/3/2011
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1/14/2011
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$
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0.2000
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27.9514
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%
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27.9514
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%
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0.0000
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%
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0.0000
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%
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0.0000
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%
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0.0000
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%
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0.0000
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%
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72.0486
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%
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100.000
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%
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2/8/2011
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3/31/2011
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4/15/2011
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$
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0.2000
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27.9514
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%
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27.9514
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%
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0.0000
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%
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0.0000
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%
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0.0000
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%
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0.0000
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%
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0.0000
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%
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72.0486
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%
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100.000
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%
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5/26/2011
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6/30/2011
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7/15/2011
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$
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0.2000
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27.9514
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%
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27.9514
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%
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0.0000
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%
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0.0000
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%
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0.0000
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%
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0.0000
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%
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0.0000
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%
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72.0486
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%
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100.000
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%
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8/1/2011
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9/30/2011
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10/14/2011
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$
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0.2200
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27.9514
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%
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27.9514
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%
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0.0000
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%
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0.0000
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%
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0.0000
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%
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0.0000
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%
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0.0000
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%
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72.0486
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%
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100.000
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%
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12/9/2011
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1/3/2012
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1/13/2012
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$
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0.2200
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(1
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)
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See Note
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See Note
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See Note
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See Note
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See Note
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See Note
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See Note
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See Note
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See Note
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2011 Total
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$
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0.8200
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(1) Note: The Common Stock dividend paid on 1/13/12 is taxable in
Year 2012 - no portion of that dividend is taxable in Year 2011.
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8.5% Series A Cumulative Redeemable
Preferred (PPS) (CUSIP 737464206)
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2/8/2011
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3/15/2011
|
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3/31/2011
|
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|
$
|
1.0625
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100.0000
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%
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100.0000
|
%
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|
0.0000
|
%
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0.0000
|
%
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|
0.0000
|
%
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|
0.0000
|
%
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|
0.0000
|
%
|
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|
|
0.0000
|
%
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|
100.000
|
%
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|
5/26/2011
|
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|
6/15/2011
|
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|
|
6/30/2011
|
|
|
|
$
|
1.0625
|
|
|
|
100.0000
|
%
|
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|
100.0000
|
%
|
|
0.0000
|
%
|
|
0.0000
|
%
|
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|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
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|
|
100.000
|
%
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8/1/2011
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9/15/2011
|
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|
|
9/30/2011
|
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|
|
$
|
1.0625
|
|
|
|
100.0000
|
%
|
|
|
|
100.0000
|
%
|
|
0.0000
|
%
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
100.000
|
%
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12/5/2011
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12/15/2011
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|
12/31/2011
|
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|
$
|
1.0625
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|
|
100.0000
|
%
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|
100.0000
|
%
|
|
0.0000
|
%
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
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|
100.000
|
%
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Total
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$
|
4.2500
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7.625% Series B Cumulative Redeemable
Preferred (PPS) (CUSIP 737464305)
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2/8/2011
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|
3/14/2011
|
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|
3/14/2011
|
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|
$
|
0.386543
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(2
|
)
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|
100.0000
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%
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|
100.0000
|
%
|
|
0.0000
|
%
|
|
0.0000
|
%
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|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
100.000
|
%
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|
|
|
|
|
|
|
|
|
|
|
$
|
-
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
0.0000
|
%
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.000
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
-
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
0.0000
|
%
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.000
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
-
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
0.0000
|
%
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.0000
|
%
|
|
|
|
0.000
|
%
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Total
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$
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0.386543
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(2) Note: Series B Preferred Shares were Redeemed on 3/14/11.
Amount reflects 2011 dividend through Redemption Date.
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