Crown Castle Announces Tax Reporting Information for 2021 Distributions

Rhea-AI Summary

Crown Castle International Corp. (NYSE: CCI) provided year-end tax reporting information for its 2021 distributions. The details include various cash distributions per share, including ordinary taxable dividends and non-taxable distributions. Stockholders are advised to consult tax advisors for specific treatment. No long-term capital gains or unrecaptured Section 1250 gain were reported for 2021. Crown Castle owns and operates over 40,000 cell towers and 80,000 route miles of fiber across the U.S., connecting cities with essential communication infrastructure.

Positive

• Crown Castle reported substantial cash distributions per share, including $1.47 in Q4 2021 and $1.33 in the previous three quarters, showcasing solid dividend performance.
• No unrecaptured Section 1250 Gain or long-term capital gain was reported, which may benefit shareholders tax-wise.

Negative

• None.

HOUSTON, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE: CCI) (“Crown Castle”) announced today certain year-end tax reporting information for its 2021 distributions.

The following table summarizes, for income tax purposes, the nature of distributions paid to holders of Crown Castle Common Stock, par value $.01 per share (“Common Stock”), presented on a per share basis, during the calendar year ended December 31, 2021. Stockholders are encouraged to consult with their tax advisors as to their specific tax treatment of Crown Castle’s distributions.

Crown Castle Common Stock
Ticker Symbol: CCI

Record Date	Payable Date	Cash Distribution (per share)		Ordinary Taxable Dividend (per share)		Qualified Taxable Dividend (per share)*		Section 199A Dividend (per share)*		Non-Taxable Distribution (per share)
3/15/2021	3/31/2021	$1.330000		$0.784306		$0.012321		$0.771985		$0.545694
6/14/2021	6/30/2021	$1.330000		$0.784306		$0.012321		$0.771985		$0.545694
9/15/2021	9/30/2021	$1.330000		$0.784306		$0.012321		$0.771985		$0.545694
12/15/2021	12/31/2021	$1.470000		$0.866865		$0.013617		$0.853248		$0.603135

*Qualified taxable dividend and section 199A dividend amounts included in ordinary taxable dividend amount.

Notes:

• During the calendar year ended December 31, 2021, there was no Unrecaptured Section 1250 Gain and no long-term capital gain, with respect to Common Stock.
  

ABOUT CROWN CASTLE

Crown Castle owns, operates and leases more than 40,000 cell towers and more than 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them. For more information on Crown Castle, please visit www.crowncastle.com.

CONTACTS
Dan Schlanger, CFO
Ben Lowe, SVP & Treasurer
Crown Castle International Corp.
713-570-3050

FAQ

What were Crown Castle's 2021 cash distributions per share?

Crown Castle's cash distributions per share for 2021 included $1.33 for Q1, Q2, and Q3, and $1.47 for Q4.

What types of taxable dividends did Crown Castle report for 2021?

Crown Castle reported ordinary taxable dividends, qualified taxable dividends, and non-taxable distributions in 2021.

Did Crown Castle report any capital gains for 2021?

Crown Castle reported no unrecaptured Section 1250 Gain or long-term capital gains for the calendar year ended December 31, 2021.

How should shareholders interpret Crown Castle's tax reporting for 2021?

Shareholders should consult their tax advisors to understand the specific tax implications of Crown Castle's distributions.

What is the significance of Crown Castle's communication infrastructure?

Crown Castle's over 40,000 cell towers and 80,000 route miles of fiber provide essential communication links across major U.S. markets.