HCP Announces Tax Treatment of 2007 Distributions

* Reuters is not responsible for the content in this press release.

Tue Jan 22, 2008 6:17pm EST 

LONG BEACH, Calif.--(Business Wire)--HCP (NYSE:HCP) announced the tax treatment for its 2007 dividend
distributions. The following tables summarize, for income tax
purposes, the nature of cash distributions paid to stockholders during
the calendar year ended December 31, 2007:

   Common Stock

-0-
*T

              Record     Payment  Distribution Per      Ordinary
  CUSIP #      Date       Date          Share            Income
---------------------------------------------------------------------

 421915109   02/05/07   02/21/07     $0.445000         $0.164021
 421915109   05/07/07   05/18/07     $0.445000         $0.164021
 421915109   08/06/07   08/21/07     $0.445000         $0.164021
 40414L109   11/05/07   11/19/07     $0.445000         $0.164021
                                  -----------------------------------

                                     $1.780000         $0.656084
                                  -----------------------------------

                                             Capital Gains
                                  ------------------------------------
              Record     Payment                         Unrecaptured
  CUSIP #      Date       Date       Total     Long Term  Section 1250
----------------------------------------------------------------------

 421915109   02/05/07   02/21/07   $0.280979   $0.213742   $0.067237
 421915109   05/07/07   05/18/07   $0.280979   $0.213742   $0.067237
 421915109   08/06/07   08/21/07   $0.280979   $0.213742   $0.067237
 40414L109   11/05/07   11/19/07   $0.280979   $0.213742   $0.067237
                                  ------------------------------------

                                   $1.123916   $0.854968   $0.268948
                                  ------------------------------------
*T

   Series E Preferred Stock

-0-
*T

              Record    Payment   Distribution Per      Ordinary
  CUSIP #      Date       Date          Share            Income
---------------------------------------------------------------------

 421915802   03/15/07   03/30/07      $0.453130         $0.167018
 421915802   06/15/07   06/29/07      $0.453130         $0.167018
 40414L307   09/14/07   09/28/07      $0.453130         $0.167018
 40414L307   12/14/07   12/31/07      $0.453130         $0.167018
                                  -----------------------------------

                                      $1.812520         $0.668072
                                  ----------------- -----------------

                                             Capital Gains
                                  ------------------------------------
                                                          Unrecaptured
              Record    Payment                             Section
  CUSIP #      Date       Date      Total     Long Term       1250
----------------------------------------------------------------------

 421915802   03/15/07   03/30/07  $0.286112   $0.217647    $0.068465
 421915802   06/15/07   06/29/07  $0.286112   $0.217647    $0.068465
 40414L307   09/14/07   09/28/07  $0.286112   $0.217647    $0.068465
 40414L307   12/14/07   12/31/07  $0.286112   $0.217647    $0.068465
                                  ------------------------------------

                                  $1.144448   $0.870588    $0.273860
                                  ------------------------------------
*T

   Series F Preferred Stock

-0-
*T

              Record    Payment   Distribution Per      Ordinary
  CUSIP #      Date       Date          Share            Income
----------------------------------------------------------------------

 421915125   03/15/07   03/30/07      $0.443750         $0.163561
 421915125   06/15/07   06/29/07      $0.443750         $0.163561
 40414L208   09/14/07   09/28/07      $0.443750         $0.163561
 40414L208   12/14/07   12/31/07      $0.443750         $0.163561
                                  ------------------------------------

                                      $1.775000         $0.654244
                                  ------------------------------------

                                             Capital Gains
                                  ------------------------------------
              Record    Payment                          Unrecaptured
  CUSIP #      Date       Date      Total     Long Term   Section 1250
----------------------------------------------------------------------

 421915125   03/15/07   03/30/07  $0.280189   $0.213141    $0.067048
 421915125   06/15/07   06/29/07  $0.280189   $0.213141    $0.067048
 40414L208   09/14/07   09/28/07  $0.280189   $0.213141    $0.067048
 40414L208   12/14/07   12/31/07  $0.280189   $0.213141    $0.067048
                                  ------------------------------------

                                  $1.120756   $0.852564    $0.268192
                                  ------------------------------------
*T

   About HCP

   HCP, Inc. is a self-administered real estate investment trust
that, together with its consolidated entities, invests directly, or
through joint ventures, in healthcare-related facilities located
primarily throughout the United States. As of September 30, 2007, the
Company's portfolio of properties, excluding assets held for sale but
including investments through joint ventures and mortgage loans,
included 753 properties and consisted of 271 senior housing
facilities, 265 medical office buildings, 99 life science facilities,
41 hospitals, 65 skilled nursing facilities and 12 other healthcare
facilities. For more information, visit the Company's website at
www.hcpi.com.

HCP, Inc.
Mark A. Wallace
Executive Vice President
Chief Financial Officer and Treasurer
562-733-5100

Copyright Business Wire 2008
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