Apartment Income REIT Corp. Announces 2021 Dividend Income Tax Allocation

Rhea-AI Summary

Apartment Income REIT (AIRC) has reported the tax status of its 2021 distributions paid to shareholders. Shareholders will receive Form 1099-DIV from Computershare detailing the distribution classifications. The total ordinary dividend for 2021 is $1.74 per share, with a significant portion classified as capital gain distributions. The dividends were distributed quarterly, with payments ranging from $0.43 to $0.44 per share. Shareholders are advised to consult tax advisors regarding the tax implications of these distributions.

Positive

• Total ordinary dividend for 2021 is $1.74 per share.
• Quarterly dividends paid ranged from $0.43 to $0.44 per share.
• Significant capital gain distributions provide income for shareholders.

Negative

• None.

DENVER--(BUSINESS WIRE)-- Apartment Income REIT (NYSE: AIRC), a real estate investment trust focused on the ownership and management of quality apartment communities located in the largest markets in the United States, reported today the tax status of its 2021 distributions paid to shareholders. Details on the tax classifications of the distributions are included in the table below:

Class A Common Stock (CUSIP 03750L109)

Record Date	Payable Date	Dividend per Share		Total Ordinary Dividends	Qualified Dividends	Total Capital Gain Distribution	Unrecaptured Sec. 1250 Gain(1)	Section 897 Ordinary Dividends	Section 897 Capital Gain(2)	Nondividend Distributions
2/12/2021	2/26/2021	$	0.43	0.00000%	0.00000%	33.03032%	7.40788%	0.00000%	33.03032%	66.96968%
5/14/2021	5/28/2021	$	0.43	0.00000%	0.00000%	33.03032%	7.40788%	0.00000%	33.03032%	66.96968%
8/13/2021	8/27/2021	$	0.44	0.00000%	0.00000%	33.03032%	7.40788%	0.00000%	33.03032%	66.96968%
11/12/2021	11/30/2021	$	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 Unrecaptured Sec. 1250 Gain for each of the quarters shown above is a subset of, and included in, Dividend per Share.

(2) - The percentage of Section 897 Capital Gain for each of the quarters shown above is a subset of, and included in, Dividend per Share.

Pursuant to Treas. Reg. § 1.1061-6(c), Apartment Income REIT is disclosing below two additional amounts for purposes of Section 1061 of the Internal Revenue Code. Section 1061 is generally applicable to direct and indirect holders of “applicable partnership interests.”

Record Date	Payable Date	Form 1099-DIV Box 2a, Total Capital Gain Distr. Per Share		One Year Amounts Disclosure Per Share		Three Year Amounts Disclosure Per Share
2/12/2021	2/26/2021	$	0.142030	$	0.0916	$	0.0916
5/14/2021	5/28/2021	$	0.142030	$	0.0916	$	0.0916
8/13/2021	8/27/2021	$	0.145333	$	0.0937	$	0.0937
11/12/2021	11/30/2021	$	0.145333	$	0.0937	$	0.0937
Annual		$	0.57473	$	0.3707	$	0.3707

Shareholders of record of the Company's common stock will receive an Internal Revenue Service Form 1099-DIV from Computershare, the Company's 2021 distribution paying agent. If shares were held in "street name" during 2021, the IRS form will be provided by a bank, brokerage firm, or nominee. Because the Company's tax return has not yet been filed for the year ended December 31, 2021, the distribution allocations presented herein have been calculated using the best available information to date.

The tax treatment of these distributions by state and local authorities varies and may not be the same as the IRS's treatment. 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 with their own tax advisors with respect to the federal, state and local income tax consequences of these distributions.

AIR common shares are traded on the New York Stock Exchange under the ticker symbol AIRC and are included in the S&P 400. For more information about AIR, please visit our website at www.aircommunities.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220126006025/en/

AIR Communities

Daniel Cooley, Vice President, Tax

Investor Relations: 303-757-8101

investors@aircommunities.com

Source: Apartment Income REIT Corp

FAQ

What is the total dividend amount for Apartment Income REIT (AIRC) in 2021?

The total dividend amount for Apartment Income REIT (AIRC) in 2021 is $1.74 per share.

When are the dividends payable for AIRC?

Dividends for AIRC were payable on various dates between February 26, 2021, and November 30, 2021.

What is the tax classification of the 2021 distributions from AIRC?

The 2021 distributions from AIRC include total ordinary dividends and capital gain distributions, with specific tax classifications detailed in Form 1099-DIV.

How should shareholders of AIRC report the 2021 distributions on their taxes?

Shareholders should consult their tax advisors to understand the reporting of the 2021 distributions due to varying tax treatments.