Broadstone Net Lease, Inc. Announces Tax Treatment of 2021 Dividends

Rhea-AI Summary

Broadstone Net Lease, Inc. (NYSE: BNL) announced the income tax allocation for its 2021 common stock dividends. Shareholders received a distribution of $0.25 per share on record dates of 12/31/2020, 03/31/2021, 06/30/2021, and 09/30/2021, with payment dates on 01/15/2021, 04/15/2021, 07/15/2021, and 10/15/2021, respectively. The ordinary dividend totaled $0.1526399 per share. Investors are encouraged to consult tax advisors for specific tax implications of these dividends.

Positive

• Dividend of $0.25 per share enhances shareholder income.
• Ordinary dividend reported at $0.1526399 per share demonstrates income stability.

Negative

• None.

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL” or the “Company”) today announced the income tax allocation of 2021 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 ⁽¹⁾

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	Unrecaptured Section 1250 Gain	Nondividend Distributions (2)	Section 199A Dividends
12/31/2020	01/15/2021	$0.25	$0.1526399	$0.0000000	$0.0000000	$0.0000000	$0.0973601	$0.1526399
03/31/2021	04/15/2021	$0.25	$0.1526399	$0.0000000	$0.0000000	$0.0000000	$0.0973601	$0.1526399
06/30/2021	07/15/2021	$0.255	$0.1556927	$0.0000000	$0.0000000	$0.0000000	$0.0993073	$0.1556927
09/30/2021	10/15/2021	$0.255	$0.1556927	$0.0000000	$0.0000000	$0.0000000	$0.0993073	$0.1556927

1. On March 20, 2021, the Company automatically converted each share of Class A Common Stock into one share of Common Stock. Immediately upon and concurrent with such conversion, no shares of Class A Common Stock remained issued or outstanding. Effective March 22, 2021, all shares of Common Stock were listed and freely tradeable on the NYSE under the ticker “BNL”. The Common Stock and Class A Common Stock are collectively referred to as the Company’s “common stock”.
2. Return of Capital.

Class A Common Stock – CUSIP number 11135E104 ⁽¹⁾

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	Unrecaptured Section 1250 Gain	Nondividend Distributions (2)	Section 199A Dividends
12/31/2020	01/15/2021	$0.25	$0.1526399	$0.0000000	$0.0000000	$0.0000000	$0.0973601	$0.1526399

1. On March 20, 2021, the Company automatically converted each share of Class A Common Stock into one share of Common Stock. Immediately upon and concurrent with such conversion, no shares of Class A Common Stock remained issued or outstanding. Effective March 22, 2021, all shares of Common Stock were listed and freely tradeable on the NYSE under the ticker “BNL”. The Common Stock and Class A Common Stock are collectively referred to as the Company’s “common stock”.
2. Return of Capital.

About Broadstone Net Lease, Inc.

BNL is a real estate investment trust (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. BNL utilizes an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting. As of September 30, 2021, BNL’s diversified portfolio consisted of 696 individual net leased commercial properties with 695 properties in 42 U.S. states and one property in Canada across the industrial, healthcare, restaurant, retail, and office property types.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220120005938/en/

Company Contact:

Michael Caruso

SVP, Corporate Finance & Investor Relations

michael.caruso@broadstone.com

585.402.7842

Source: Broadstone Net Lease, Inc.

FAQ

What is the dividend amount for Broadstone Net Lease (BNL) in 2021?

Broadstone Net Lease (BNL) announced a dividend of $0.25 per share for 2021.

When are the payment dates for BNL's dividends in 2021?

The payment dates for BNL's dividends in 2021 were 01/15/2021, 04/15/2021, 07/15/2021, and 10/15/2021.

How much of the BNL dividend is considered ordinary dividends?

The ordinary dividend for BNL was reported at $0.1526399 per share.

What should shareholders know about the tax treatment of BNL dividends?

Shareholders are encouraged to consult their tax advisors regarding the specific tax treatment of dividends received from BNL.