Boston Properties Announces 2020 Tax Treatment of Its Distributions

Boston Properties, Inc. BXP, the largest publicly traded owner and manager of Class A office properties in the United States, announced today the 2020 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.

The common stock distribution with a record date of December 31, 2019 is a split-year distribution with $0.940748 allocable to 2020 for federal income tax purposes. The entire common stock distribution with a record date of December 31, 2020 will be allocable to 2021 for federal income tax purposes.

Boston Properties BXP is the largest publicly held developer and owner of Class A office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space. The Company's portfolio totals 51.2 million square feet and 196 properties, including seven properties under construction. For more information about Boston Properties, please visit our web site at www.bxp.com.

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