Crown Castle Announces Tax Reporting Information for 2022 Distributions

Rhea-AI Summary

Crown Castle announced year-end tax reporting details for 2022 distributions to common stockholders. Taxable distributions include cash payments made quarterly, with a notable increase in the December cash distribution to $1.565 per share compared to earlier distributions of $1.470. Total ordinary taxable dividends per share for December reached $1.027456. Throughout 2022, there were no unrecaptured Section 1250 gains or long-term capital gains. Investors are advised to consult tax advisors for their specific tax situations regarding these distributions.

Positive

• Increased December cash distribution to $1.565 per share from previous $1.470.
• Total ordinary taxable dividends for December amounted to $1.027456.

Negative

• None.

HOUSTON, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) (“Crown Castle”) announced today certain year-end tax reporting information for its 2022 distributions.

The following table summarizes, for income tax purposes, the nature of distributions paid to holders of Crown Castle common stock, par value $0.01 per share (“Common Stock”), presented on a per share basis, during the calendar year ended December 31, 2022. 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)
	3/15/2022	3/31/2022	$1.470000		$0.965086		$0.015821		$0.949265		$0.504914
	6/15/2022	6/30/2022	$1.470000		$0.965086		$0.015821		$0.949265		$0.504914
	9/15/2022	9/30/2022	$1.470000		$0.965086		$0.015821		$0.949265		$0.504914
	12/15/2022	12/30/2022	$1.565000		$1.027456		$0.016844		$1.010612		$0.537544
*	Qualified taxable dividend and section 199A dividend amounts included in ordinary taxable dividend amount.

Notes:

• During the calendar year ended December 31, 2022, 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 approximately 85,000 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 Inc.
713-570-3050