Clipper Realty Inc. Announces 2020 Distribution Income Tax Treatment

Rhea-AI Summary

Clipper Realty Inc. (NYSE: CLPR) announced the Federal income tax treatment of its 2020 distributions to common stock holders. Key dates include a record date of March 24, 2020, and a payment date of March 31, 2020, with a total distribution of $0.0950 per share for each of four distributions throughout 2020. The total distributions amounted to $0.3800 per share for the year. Shareholders are encouraged to consult tax advisors regarding the specific tax treatment of these distributions.

Positive

• Total distributions for 2020 amounted to $0.3800 per share.
• Consistent distribution amount of $0.0950 per share across four payment instances.

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• None.

Clipper Realty Inc. (NYSE: CLPR) (the “Company”), a leading owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced the Federal income tax treatment of the Company’s 2020 distributions to holders of its common stock.

Record Date		Payment Date		Total Distribution Per Share		Return of Capital
3/24/2020		3/31/2020		$0.0950		$0.0950
5/22/2020		5/29/2020		$0.0950		$0.0950
8/21/2020		8/28/2020		$0.0950		$0.0950
11/20/2020		11/27/2020		$0.0950		$0.0950
				$0.3800		$0.3800

Shareholders are advised to consult their tax advisor about the specific tax treatment of 2020 distributions.

About Clipper Realty Inc.

Clipper Realty Inc. (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. For more information on the Company, please visit www.clipperrealty.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210303006010/en/

FAQ

What is the Federal income tax treatment for Clipper Realty's 2020 distributions?

Clipper Realty's 2020 distributions totaled $0.3800 per share, with $0.0950 per share paid in four separate distributions.

When were the record and payment dates for Clipper Realty's 2020 distributions?

The record dates were March 24, May 22, August 21, and November 20, 2020, with payment dates following shortly after each record date.

What should Clipper Realty shareholders do regarding tax on their 2020 distributions?

Shareholders are advised to consult their tax advisors for specific tax treatment related to the 2020 distributions.

How many distributions did Clipper Realty make in 2020?

Clipper Realty made a total of four distributions in 2020.