LOS ANGELES--(EON: Enhanced Online News)--Hudson Pacific Properties, Inc. (NYSE: HPP) today announced the tax treatment for its 2016 common 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:
|Record Date||Payment Date||Distribution Per Share||Total||Non-Qualified||Qualified||Capital Gain Distributions1||Return of Capital|
1$0.00540 of the $0.02447 capital gain distributions should be characterized as unrecaptured Section 1250 gain.
About Hudson Pacific Properties
Hudson Pacific Properties is a vertically integrated real estate company focused on acquiring, repositioning, developing and operating high quality office and state-of-the-art media and entertainment properties in select West Coast markets. Hudson Pacific invests across the risk-return spectrum, favoring opportunities where it can employ leasing, capital investment and management expertise to create additional value. Founded in 2006 as Hudson Capital, the company went public in 2010, electing to be taxed as a real estate investment trust. Through the years, Hudson Pacific has strategically assembled a portfolio totaling nearly 18 million square feet, including land for development, in high growth, high-barrier-to-entry submarkets throughout Northern and Southern California and the Pacific Northwest. The company is a leading provider of design-forward, next-generation workspaces for a variety of tenants, with a focus on Fortune 500 and leading growth companies, many in the technology, media and entertainment sectors. As a long-term owner, Hudson Pacific prioritizes tenant satisfaction and retention, providing highly customized build-outs and working proactively to accommodate tenants’ growth. Hudson Pacific trades as a component of the Russell 2000® and the Russell 3000® indices. For more information visit HudsonPacificProperties.com.
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