Boston Properties Announces 2017 Tax Treatment of Its Distributions

Boston Properties, Inc. (NYSE: BXP), the largest public owner and developer of office buildings in the United States, announced today the 2017 tax treatment of distributions on its common stock and 5.25% Series B Cumulative Redeemable Preferred Stock, as described below. Shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment to them of these distributions.

Common Shares (CUSIP #101121101)

Record

Date

PaymentDate

TotalDistributionper Share

TotalDistributionAllocable to2017

2017TaxableOrdinaryDividends

2017QualifiedDividends(1)

2017Short-term CapitalGain (1)

2017 TotalCapital GainDistribution

        
      
      
        
          12/30/2016
        
        
        
        
        
        
          1/30/2017
        
        
        
        
        
        
          $0.750000
        
        
        
        
        
        
          $0.191127
        
        
        
        
        
        
          $0.187867
        
        
        
        
        
        
          $0.002269
        
        
        
        
        
        
          $0.000074
        
        
        
        
        
        
          $0.003260
        
      
      
        
          3/31/2017
        
        
        
        
        
        
          4/28/2017
        
        
        
        
        
        
          $0.750000
        
        
        
        
        
        
          $0.750000
        
        
        
        
        
        
          $0.737206
        
        
        
        
        
        
          $0.008903
        
        
        
        
        
        
          $0.000292
        
        
        
        
        
        
          $0.012794
        
      
      
        
          6/30/2017
        
        
        
        
        
        
          7/31/2017
        
        
        
        
        
        
          $0.750000
        
        
        
        
        
        
          $0.750000
        
        
        
        
        
        
          $0.737206
        
        
        
        
        
        
          $0.008903
        
        
        
        
        
        
          $0.000292
        
        
        
        
        
        
          $0.012794
        
      
      
        
          9/29/2017
        
        
        
        
        
        
          10/31/2017
        
        
        
        
        
        
          $0.750000
        
        
        
        
        
        
          $0.750000
        
        
        
        
        
        
          $0.737206
        
        
        
        
        
        
          $0.008903
        
        
        
        
        
        
          $0.000292
        
        
        
        
        
        
          $0.012794
        
      
      
        
          12/29/2017
        
        
        
        
        
        
          1/30/2018
        
        
        
        
        
        
          $0.800000
        
        
           
        
        
           
        
        
          $0.466172
        
        
           
        
        
           
        
        
          $0.458220
        
        
           
        
        
           
        
        
          $0.005533
        
        
           
        
        
           
        
        
          $0.000181
        
        
           
        
        
           
        
        
          $0.007952
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
          $3.800000
        
        
        
        
        
        
          $2.907299
        
        
        
        
        
        
          $2.857705
        
        
        
        
        
        
          $0.034511
        
        
        
        
        
        
          $0.001131
        
        
        
        
        
        
          $0.049594
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          100%
        
        
        
        
        
        
          98.2942%
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          1.7058%
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          (1) These amounts are a subset of, and included in, the 2017 Taxable 
          Ordinary Dividend amounts.
        
        
        
        
        
        
        
      
    
    

The common stock distribution with a record date of December 30, 2016 is a split-year distribution with $0.191127 allocable to 2017 for federal income tax purposes. The common stock distribution with a record date of December 29, 2017 will be a split-year distribution with $0.466172 allocable to 2017 for federal income tax purposes and $0.333828 allocable to 2018 for federal income tax purposes.

Series B Preferred (CUSIP #101121408)

Record Date

PaymentDate

TotalDistribution perDepositoryShare (1)

TotalDistributionAllocable to2017

2017TaxableOrdinaryDividends

2017QualifiedDividends(2)

Short-termCapitalGain (2)

2017 TotalCapital GainDistribution

        
      
      
        
          2/3/2017
        
        
        
        
        
        
          2/15/2017
        
        
        
        
        
        
          $0.328125
        
        
        
        
        
        
          $0.328125
        
        
        
        
        
        
          $0.322528
        
        
        
        
        
        
          $0.003895
        
        
        
        
        
        
          $0.000128
        
        
        
        
        
        
          $0.005597
        
      
      
        
          5/5/2017
        
        
        
        
        
        
          5/15/2017
        
        
        
        
        
        
          $0.328125
        
        
        
        
        
        
          $0.328125
        
        
        
        
        
        
          $0.322528
        
        
        
        
        
        
          $0.003895
        
        
        
        
        
        
          $0.000128
        
        
        
        
        
        
          $0.005597
        
      
      
        
          8/4/2017
        
        
        
        
        
        
          8/15/2017
        
        
        
        
        
        
          $0.328125
        
        
        
        
        
        
          $0.328125
        
        
        
        
        
        
          $0.322528
        
        
        
        
        
        
          $0.003895
        
        
        
        
        
        
          $0.000128
        
        
        
        
        
        
          $0.005597
        
      
      
        
          11/3/2017
        
        
        
        
        
        
          11/15/2017
        
        
        
        
        
        
          $0.328125
        
        
           
        
        
           
        
        
          $0.328125
        
        
           
        
        
           
        
        
          $0.322528
        
        
           
        
        
           
        
        
          $0.003895
        
        
           
        
        
           
        
        
          $0.000128
        
        
           
        
        
           
        
        
          $0.005597
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
          $1.312500
        
        
        
        
        
        
          $1.312500
        
        
        
        
        
        
          $1.290112
        
        
        
        
        
        
          $0.015580
        
        
        
        
        
        
          $0.000512
        
        
        
        
        
        
          $0.022388
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          100%
        
        
        
        
        
        
          98.2942%
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
          1.7058%
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          (1) Each depositary share represents 1/100th of a share of Series B 
          Preferred Stock.
        
      
      
        
          (2) These amounts are a subset of, and included in, the 2017 Taxable 
          Ordinary Dividends amounts.
        
      
    
    

Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 49.8 million square feet and consisting of 166 office properties (including seven properties under construction), five retail properties, five residential properties (including three properties under construction) and one hotel. The Company is one of the largest owners and developers of Class A office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC.

For more information about Boston Properties, please visit our web site at www.bostonproperties.com.

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Boston Properties, Inc.Mike LaBelle, 617-236-3352Executive Vice PresidentChief Financial OfficerorMichael Walsh, 617-236-3460Senior Vice PresidentChief Accounting Officer