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Press Release

Douglas Emmett Announces 2017 Tax Treatment of Dividends

Company Release - 1/17/2018 4:15 PM ET

SANTA MONICA, Calif., Jan. 17, 2018 /PRNewswire/ -- Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), announced today the tax treatment of its 2017 common stock dividends as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Douglas Emmett dividends.

Record

Date

 

Paid

Date

Dividend

Per Share

Ordinary

Income

Percentage

Capital

Gain

Percentage

Return of

Capital

Percentage

12/30/16

01/13/17

$0.23

22.5%

0.0%

77.5%

03/31/17

04/14/17

$0.23

22.5%

0.0%

77.5%

06/30/17

07/14/17

$0.23

22.5%

0.0%

77.5%

09/29/17

10/13/17

$0.23

22.5%

0.0%

77.5%


Total:

$0.92

22.5%

0.0%

77.5%

 

As noted above, the common stock dividend paid on January 13, 2017, with a record date of December 30, 2016, has been allocated entirely to 2017.  The common stock dividend of $0.25 per share that was paid on January 15, 2018, with a record date of December 29, 2017, will be allocated entirely to 2018.

About Douglas Emmett, Inc.
Douglas Emmett, Inc. (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu.  Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities.  For more information about Douglas Emmett, please visit our website at www.douglasemmett.com.

Safe Harbor Statement
Except for the historical facts, the statements in this press release regarding Douglas Emmett's business activities are forward-looking statements based on the beliefs of, assumptions made by, and information currently available to us about known and unknown risks, trends, uncertainties and factors that are beyond our control or ability to predict. Although we believe that our assumptions are reasonable, they are not guarantees of future performance and some will inevitably prove to be incorrect.  As a result, our actual future results can be expected to differ from our expectations, and those differences may be material.  Accordingly, investors should use caution in relying on forward-looking statements to anticipate future results or trends.  For a discussion of some of the risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in our Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission.

Stuart McElhinney, Vice President – Investor Relations
310.255.7751  smcelhinney@douglasemmett.com  

 

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SOURCE Douglas Emmett, Inc.