Broadstone Net Lease, Inc. Announces Tax Treatment of 2020 Dividends
Broadstone Net Lease announced its income tax allocation for 2020 common stock dividends, advising shareholders to consult tax advisors for personal implications. In total, Common Stock saw distributions of $0.110 per share for the first five months and $0.135 for September. The capital gain distribution amounts were entirely long-term capital gains and excluded from Section 1061 of the Code. Following a four-for-one stock split on September 18, 2020, the dividend amounts were adjusted retrospectively. Important tax details are available in Form 1099-DIV for both Common and Class A Common Stock.
- Regular dividend payments of $0.110 and $0.135 per share demonstrate reliable income for shareholders.
- Capital gain distributions comprised entirely of long-term gains, which is favorable for investors.
- None.
ROCHESTER, N.Y., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Broadstone Net Lease, Inc. (NYSE: BNL), an internally-managed real estate investment trust (“BNL” or the “Company”), today announced the income tax allocation of 2020 common stock dividends, as shown in the table below. Stockholders are encouraged to consult with their own tax advisors regarding their specific tax treatment of any BNL dividends received.
Common Stock – CUSIP number 11135E203
| FORM 1099-DIV | Box 1a | Box 1b | Box 2a | Box 2b | Box 3 | Box 5 | |||||||||
| Record Date | Payment Date | Distribution Per Share (1) | Ordinary Dividends | Qualified Dividends | Capital Gain Distributions (2) | Unrecaptured Section 1250 Gain (3) | Nondividend Distributions (4) | Section 199A Dividends | |||||||
| 12/30/2019 | 01/15/2020 | ||||||||||||||
| 01/30/2020 | 02/14/2020 | ||||||||||||||
| 02/27/2020 | 03/13/2020 | ||||||||||||||
| 03/30/2020 | 04/15/2020 | ||||||||||||||
| 04/30/2020 | 05/15/2020 | ||||||||||||||
| 09/30/2020 | 10/15/2020 | ||||||||||||||
- On September 18, 2020, the Company effected a four-for-one split on its then outstanding shares of Common Stock in connection with its initial public offering. The Distribution Per Share amounts have been adjusted to give retroactive effect to the stock split for purposes of this release.
- The 2020 Capital Gain Distribution amounts are comprised entirely of long-term capital gain determined under Section 1231 of the Code, which amounts are excluded from Section 1061 of the Code. Accordingly, for purposes of Section 1061 of the Code and the Treasury Regulations thereunder, the Company makes the following disclosures: the “One Year Amounts Disclosure” and the “Three Year Amounts Disclosure” are each
$0. - Unrecaptured Section 1250 Gain is a subset of, and included in, the Capital Gain Distributions amounts (Box 2a).
- Return of Capital.
Class A Common Stock – CUSIP number 11135E104
| FORM 1099-DIV | Box 1a | Box 1b | Box 2a | Box 2b | Box 3 | Box 5 | |||||||||
| Record Date | Payment Date | Distribution Per Share | Ordinary Dividends | Qualified Dividends | Capital Gain Distributions (1) | Unrecaptured Section 1250 Gain (2) | Nondividend Distributions (3) | Section 199A Dividends | |||||||
| 09/30/2020 | 10/15/2020 | ||||||||||||||
- The 2020 Capital Gain Distribution amounts are comprised entirely of long-term capital gain determined under Section 1231 of the Code, which amounts are excluded from Section 1061 of the Code. Accordingly, for purposes of Section 1061 of the Code and the Treasury Regulations thereunder, the Company makes the following disclosures that the “One Year Amounts Disclosure” and the “Three Year Amounts Disclosure” are
$0. - Unrecaptured Section 1250 Gain is a subset of, and included in, the Capital Gain Distributions amounts (Box 2a).
- Return of Capital.
About Broadstone Net Lease, Inc.
BNL is an internally-managed REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The Company utilizes an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting. As of December 31, 2020, BNL’s diversified portfolio consisted of 641 properties in 41 U.S. states and one property in Canada across the industrial, healthcare, restaurant, office, and retail property types, with an aggregate gross asset value greater than
Company Contact:
Ryan M. Albano
EVP and Chief Financial Officer
ryan.albano@broadstone.com
585.287.6498
FAQ
What are the 2020 dividends for Broadstone Net Lease (BNL)?
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