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Kilroy Realty Announces Tax Treatment of 2011 Dividend Distributions

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LOS ANGELES--(BUSINESS WIRE)--Jan. 13, 2012-- Kilroy Realty Corporation (NYSE: KRC) announced today the tax treatment of its 2011 dividend distributions. The company's total dividend distributions per share of common stock (CUSIP #49427F108) are to be classified for income tax purposes as follows:

Record
Date
    Payable
Date
   

Total
Distribution
per Share

   

2011
Taxable
Ordinary
Dividend

   

2011

Total Capital
Gain
Distribution

   

2011
Unrecaptured
Section 1250
Gain (1)

   

2011
Return of
Capital

12/31/2010     1/18/2011     $ .350000     $ .057559     -     -     $ .292441
3/31/2011     4/15/2011     .350000     .057559     -     -     .292441
6/30/2011     7/15/2011     .350000     .057559     -     -     .292441
9/30/2011     10/17/2011     .350000     .057559     -     -     .292441
                       

(1) Unrecaptured Section 1250 Gain is a subset of, and is included in, the Total Capital Gain Distribution amount.

 

The dividend distributions being made to holders of record as of December 30, 2011 and being paid on January 17, 2012 are considered 2012 dividend distributions for federal income tax purposes.

The company's total dividend distributions per share of Series E cumulative redeemable perpetual preferred stock (CUSIP #49427F405) are to be classified for income tax purposes as follows:

Record
Date

   

Payable
Date

   

Total
Distribution
per Share

   

2011
Taxable
Ordinary
Dividend

   

2011

Total Capital
Gain
Distribution

   

2011
Unrecaptured
Section 1250
Gain (1)

   

2011
Return of
Capital

1/31/2011     2/15/2011     $.487500     $.487500     -     -     -
4/29/2011     5/16/2011     .487500     .487500     -     -     -
7/29/2011     8/15/2011     .487500     .487500     -     -     -
10/31/2011     11/15/2011     .487500     .487500     -     -     -
                       

(1) Unrecaptured Section 1250 Gain is a subset of, and is included in, the Total Capital Gain Distribution amount.

 

The company's total dividend distributions per share of Series F cumulative redeemable perpetual preferred stock (CUSIP #49427F504) are to be classified for income tax purposes as follows:

Record
Date

   

Payable
Date

   

Total
Distribution
per Share

   

2011
Taxable
Ordinary
Dividend

   

2011

Total Capital
Gain
Distribution

   

2011
Unrecaptured
Section 1250
Gain (1)

   

2011
Return of
Capital

1/31/2011     2/15/2011     $.468750     $.468750     -     -     -
4/29/2011     5/16/2011     .468750     .468750     -     -     -
7/29/2011     8/15/2011     .468750     .468750     -     -     -
10/31/2011     11/15/2011     .468750     .468750     -     -     -
                       

(1) Unrecaptured Section 1250 Gain is a subset of, and is included in, the Total Capital Gain Distribution amount.

 

Stockholders are encouraged to consult with their tax advisors as to their specific tax treatment for Kilroy Realty Corporation common and preferred distributions.

Kilroy Realty Corporation, a member of the S&P Small Cap 600 Index, is a real estate investment trust active in premier office and industrial submarkets along the West Coast. For over 60 years, the company has owned, developed, acquired and managed real estate assets primarily in the coastal regions of Los Angeles, Orange County, San Diego, greater Seattle and the San Francisco Bay Area. At September 30, 2011, the company owned 11.6 million rentable square feet of commercial office space and 3.6 million rentable square feet of industrial space. More information is available at www.kilroyrealty.com.

Source: Kilroy Realty Corporation

Kilroy Realty Corporation
Tyler H. Rose
Executive Vice President
and Chief Financial Officer
(310) 481-8484
or
Michelle Ngo
Vice President
and Treasurer
(310) 481-8581