Campus Crest Communities Inc : Campus Crest Communities, Inc. Announces Tax Reporting Information for 2011 Common Share Distributions

January 23, 2012 at 10:55 pm

MarketScreener.com By

Campus Crest Communities, Inc. (NYSE:CCG), a leading developer, builder, owner and manager of high-quality, purpose-built student housing under The Grove® brand, today announced the tax reporting information (Federal 1099) for the year 2011 distributions on its common shares.

The income tax treatment for the 2011 distributions for Campus Crest Communities, Inc. Common Stock CUSIP# 13466Y105 traded on the NYSE under ticker symbol "CCG" is as follows:

				Distribution Type
Declaration Dates	Record Dates	Payable Dates	Distributions per Share	Ordinary Taxable Dividend	Return of Capital

12/15/10	12/29/10	1/12/11	$0.127	$0.019	$0.108
3/31/11	4/11/11	4/20/11	$0.160	$0.025	$0.135
6/15/11	6/29/11	7/13/11	$0.160	$0.025	$0.135
9/14/11	9/28/11	10/12/11	$0.160	$0.025	$0.135
			Totals	$0.094	$0.513
			Percent	15.33%	84.67%

The dividends classified above as ordinary income do not represent "qualified dividend income" and therefore are not eligible for reduced rates. The Company did not incur any foreign taxes. This information represents final income allocations.

About Campus Crest Communities, Inc.

Campus Crest Communities, Inc. (NYSE: CCG) is a leading developer, builder, owner and manager of high-quality, purpose-built student housing properties located close to campuses in targeted U.S. markets. The Company is a self-managed, self-administered and vertically-integrated real estate investment trust which operates all of its properties under The Grove® brand. Campus Crest Communities owns interests in 33 student housing properties containing approximately 6,324 apartment units and 17,064 beds and boasts the youngest standardized portfolio in the industry. Since its inception, the Company has focused on customer service, privacy, on-site amenities and its proprietary residence life programs to provide college students across the USA with a higher quality of living. Additional information can be found on the Company's website at http://www.campuscrest.com.