Crown Castle Announces Tax Reporting Information for 2023 Distributions

Rhea-AI Summary

Crown Castle Inc. (CCI) has announced the year-end tax reporting information for its 2023 distributions. The company paid cash distributions to holders of Crown Castle Common Stock, with specific details of the nature of distributions for income tax purposes. Stockholders are advised to consult with their tax advisors for specific tax treatment.

HOUSTON, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) (“Crown Castle”) announced today certain year-end tax reporting information for its 2023 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, 2023. 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)
3/15/2023	3/31/2023	$1.565000		$1.032151		$0.015327		$1.016824		$0.532849
6/15/2023	6/30/2023	$1.565000		$1.032151		$0.015327		$1.016824		$0.532849
9/15/2023	9/29/2023	$1.565000		$1.032151		$0.015327		$1.016824		$0.532849
12/15/2023	12/29/2023	$1.565000		$1.032151		$0.015327		$1.016824		$0.532849

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

Notes:

• During the calendar year ended December 31, 2023, 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 90,000 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 Kris Hinson, VP Corp. Fin & Treasurer Crown Castle Inc. 713-570-3050

FAQ

What is the ticker symbol for Crown Castle Inc.?

The ticker symbol for Crown Castle Inc. is CCI.

What is the nature of the distributions paid to holders of Crown Castle Common Stock?

The nature of distributions for income tax purposes include cash distribution, ordinary taxable dividend, qualified taxable dividend, section 199A dividend, and non-taxable distribution.

When was the record date for the distributions?

The record dates for the distributions were 3/15/2023, 6/15/2023, 9/15/2023, and 12/15/2023.

What was the cash distribution per share for the payable dates?

The cash distribution per share for the payable dates ranged from $1.565000.

Was there any Unrecaptured Section 1250 Gain and long-term capital gain during the calendar year ended December 31, 2023?

No, there was no Unrecaptured Section 1250 Gain and no long-term capital gain with respect to Common Stock during the calendar year ended December 31, 2023.