Kilroy Realty Corporation Announces Tax Treatment Of 2000 Distributions
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LOS ANGELES, Jan. 9, 2001 -- Kilroy Realty Corporation (NYSE:KRC) announced today the final tax treatment (Form 1099) for its 2000 dividend distributions. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Kilroy Realty Corporation dividends. The Company's distributions per share of Common Stock CUSIP #49427F108, traded under symbol KRC, are to be classified as follows for income tax purposes:
Kilroy Realty Corporation is a Southern California-based real estate investment trust active in the commercial office and industrial property sectors. The company has a 50-year history of owning, developing, acquiring and managing real estate assets in the coastal regions of California and Washington. Principal submarkets for the company's current development projects include Calabasas, West Los Angeles, and coastal San Diego, where the company's total development program is over $525 million. At September 30, 2000, the company owned 6.3 million square feet of commercial office space and 5.8 million square feet of industrial space. More information on Kilroy Realty can be found at www.kilroyrealty.com.
-0- CONTACT: Kilroy Realty Corp., Los Angeles Ann Marie Whitney Senior Vice President and Controller (310) 563-5570