CoreSite Realty Corporation Announces Tax Reporting Information for 2021 Distributions

Rhea-AI Summary

CoreSite Realty Corporation, a subsidiary of American Tower, announced tax reporting information for its 2021 distributions. Following the acquisition by American Tower on December 28, 2021, CoreSite's shares ceased trading on the NYSE. Stockholders are advised to consult tax advisors regarding their specific tax treatment. For the year, CoreSite reported cash distributions per share, including ordinary taxable dividends and capital gain distributions, emphasizing that there were no non-dividend distributions for the tax year ending December 28, 2021.

Positive

• CoreSite's acquisition by American Tower could lead to enhanced operational synergies.
• The reported cash distribution of $1.27 per share reflects a stable dividend policy.

Negative

• CoreSite shares have ceased trading post-acquisition, limiting liquidity for former shareholders.
• No ordinary taxable dividends were reported for the year, impacting income for shareholders.

DENVER--(BUSINESS WIRE)-- CoreSite Realty Corporation (“CoreSite”) (formerly NYSE: COR), a subsidiary of American Tower Corporation (“American Tower”) (NYSE: AMT), today announced year-end tax reporting information for its 2021 distributions. Stockholders are urged to consult with their personal tax advisors as to their specific tax treatment.

On December 28, 2021, American Tower completed the acquisition of CoreSite through a merger of one of American Tower’s wholly owned subsidiaries with and into CoreSite. In connection with the consummation of the merger, CoreSite’s shares ceased trading on the New York Stock Exchange.

CoreSite Realty Corporation Common Stock
CUSIP 21870Q105
Former Ticker Symbol: COR

Record Date	Payment Date	Cash Distribution (per share)	Ordinary Taxable Dividends (per share)	Qualified Taxable Dividends (1) (per share)	Section 199A Dividends (1) (per share)	Capital Gain Distribution (per share)	Unrecaptured Section 1250 Gain (2) (per share)	Section 897 Capital Gain Distribution (2) (per share)
12/31/2020	01/15/2021	$1.230000	$0.000000	$0.000000	$0.000000	$1.230000	$1.230000	$1.230000
03/31/2021	04/15/2021	$1.230000	$0.000000	$0.000000	$0.000000	$1.230000	$1.230000	$1.230000
06/30/2021	07/15/2021	$1.270000	$0.000000	$0.000000	$0.000000	$1.270000	$1.270000	$1.270000
09/30/2021	10/15/2021	$1.270000	$0.000000	$0.000000	$0.000000	$1.270000	$1.270000	$1.270000
12/02/2021	12/13/2021	$1.270000	$0.000000	$0.000000	$0.000000	$1.270000	$1.270000	$1.270000

(1) Included in Ordinary Taxable Dividends
(2) Included in Capital Gain Distribution

Note: For the tax year ended December 28, 2021, with respect to the distributions above, there were no non-dividend distributions.

This information represents final income allocations.

About CoreSite

CoreSite, an American Tower company, provides hybrid IT solutions that empower enterprises, cloud, network, and IT service providers to monetize and future-proof their digital business. Our highly interconnected data center campuses offer a native digital supply chain featuring direct cloud onramps to enable customers to build customized hybrid IT infrastructure and accelerate digital transformation. For more than 20 years, CoreSite’s team of technical experts have partnered with customers to optimize operations, elevate customer experience, dynamically scale, and leverage data to gain competitive edge. For more information, visit CoreSite.com and follow us on LinkedIn and Twitter.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites and a highly interconnected footprint of U.S. data center facilities. For more information about American Tower, please visit www.americantower.com.

© 2022, CoreSite, L.L.C. All Rights Reserved

View source version on businesswire.com: https://www.businesswire.com/news/home/20220120005896/en/

Adam Smith

Vice President, Investor Relations

Telephone: (617) 375-7500

Source: CoreSite Realty Corporation

FAQ

What is the cash distribution per share from CoreSite for 2021?

CoreSite reported a cash distribution of $1.27 per share for 2021.

When did American Tower acquire CoreSite?

American Tower completed the acquisition of CoreSite on December 28, 2021.

What happened to CoreSite shares after the acquisition?

CoreSite's shares ceased trading on the NYSE after the acquisition by American Tower.

What should stockholders do regarding tax reporting for CoreSite distributions?

Stockholders are urged to consult their personal tax advisors regarding their specific tax treatment for distributions.