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DENVER–(BUSINESS WIRE)–Apartment Income REIT (NYSE: AIRC), a real estate investment trust focused on owning and managing quality apartment communities located in the largest markets in the United States, announced today the tax status of its 2021 Distributions paid to shareholders. Details on the tax classifications of distributions are included in the table below:
Class A Common Stock (CUSIP 03750L109)
|
Registration Date |
Payment date |
Dividend by |
Total ordinary |
Qualified |
total capital
To earn |
Not recovered |
Section 897
Ordinary |
Section 897 |
Non-dividend |
|
|
02/12/2021 |
02/26/2021 |
$ |
0.43 |
0.00000% |
0.00000% |
33.03032% |
7.40788% |
0.00000% |
33.03032% |
66.96968% |
|
05/14/2021 |
05/28/2021 |
$ |
0.43 |
0.00000% |
0.00000% |
33.03032% |
7.40788% |
0.00000% |
33.03032% |
66.96968% |
|
08/13/2021 |
08/27/2021 |
$ |
0.44 |
0.00000% |
0.00000% |
33.03032% |
7.40788% |
0.00000% |
33.03032% |
66.96968% |
|
11/12/2021 |
30/11/2021 |
$ |
0.44 |
0.00000% |
0.00000% |
33.03032% |
7.40788% |
0.00000% |
33.03032% |
66.96968% |
|
Annual |
|
$ |
1.7400 |
0.00000% |
0.00000% |
33.03032% |
7.40788% |
0.00000% |
33.03032% |
66.96968% |
|
(1) – The percentage of Sec. 1250 The gain for each of the quarters shown above is a subset of, and included in, the dividend per share. |
|
(2) – The Section 897 capital gain percentage for each of the quarters shown above is a subset of, and included in, the dividend per share. |
According to Treas. Reg. § 1.1061-6(c), Apartment Income REIT discloses two additional amounts below for purposes of Section 1061 of the Internal Revenue Code. Section 1061 generally applies to direct and indirect holders of “applicable partnership interests”.
|
Registration Date |
Payment date |
Form 1099-DIV |
One year |
Three years |
|||
|
02/12/2021 |
02/26/2021 |
$ |
0.142030 |
$ |
0.0916 |
$ |
0.0916 |
|
05/14/2021 |
05/28/2021 |
$ |
0.142030 |
$ |
0.0916 |
$ |
0.0916 |
|
08/13/2021 |
08/27/2021 |
$ |
0.145333 |
$ |
0.0937 |
$ |
0.0937 |
|
11/12/2021 |
30/11/2021 |
$ |
0.145333 |
$ |
0.0937 |
$ |
0.0937 |
|
Annual |
$ |
0.57473 |
$ |
0.3707 |
$ |
0.3707 |
|
Registered shareholders of the Company’s common stock will receive a Form 1099-DIV from the Internal Revenue Service of Computershare, the Company’s 2021 distribution paying agent. If shares were held in “street name” in 2021, the IRS form will be provided by a bank, brokerage firm or agent. As the Company’s income tax return has not yet been filed for the year ended December 31, 2021, the distribution allocations presented here have been calculated using the best information available at this time.
The tax treatment of these distributions by state and local authorities varies and may not be the same as the treatment by the IRS. Because federal and state tax laws affect individuals differently, the Company cannot advise shareholders on how distributions should be reported on their tax returns. The Company encourages shareholders to consult their own tax advisors regarding the federal, state and local tax consequences of such distributions.
Common stock of AIR trades on the New York Stock Exchange under the symbol AIRC and is included in the S&P 400 Index. For more information about AIR, please visit our website at www.aircommunities.com .
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220126006025/en/
AIR Communities
Daniel Cooley, Vice President, Taxation
Investor Relations: 303-757-8101
[email protected]
Source: Apartment Income REIT Corp.
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