Clipper Realty Inc. Announces Tax Information For 2021 Distributions

Rhea-AI Summary

Clipper Realty Inc. (NYSE: CLPR) announced the Federal income tax treatment of its 2021 dividends. The dividends, amounting to $0.0950 per share, will be distributed on specified payable dates following respective record dates. Shareholders are advised to consult their tax advisors regarding the tax implications of these dividends, which include ordinary, qualified, and nontaxable components, with $0.0475 classified as ordinary and nontaxable. The company operates multifamily and commercial properties in the New York metropolitan area.

Positive

• Dividends of $0.0950 per share announced for 2021, indicating continued financial returns to shareholders.
• $0.0475 of the dividend is classified as nontaxable, benefitting shareholders.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Clipper Realty Inc. (NYSE: CLPR), an owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced the Federal income tax treatment of its 2021 dividends to holders of its common stock.

Record Date	Payable Date	Total Dividend Per Share	Ordinary Dividend	Qualified Dividend	Nontaxable Dividend
3/26/2021	3/31/2021	$0.0950	$0.0475	$0.0000	$0.0475
5/20/2021	5/27/2021	$0.0950	$0.0475	$0.0000	$0.0475
8/19/2021	8/26/2021	$0.0950	$0.0475	$0.0000	$0.0475
11/16/2021	11/24/2021	$0.0950	$0.0475	$0.0000	$0.0475

Shareholders are advised to consult their tax advisor about the specific tax treatment of 2021 dividends.

About Clipper Realty

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 Clipper Realty Inc., please visit www.clipperrealty.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220302006038/en/

Investors:

Clipper Realty Inc.

Lawrence Kreider, CFO

718-438-2804 x2231

M: 917-370-2046

www.ClipperRealty.com

Source: Clipper Realty Inc.

FAQ

What are the 2021 dividends per share for CLPR?

Clipper Realty Inc. announced 2021 dividends of $0.0950 per share.

When will the 2021 dividends for CLPR be payable?

The payable dates for the 2021 dividends are March 31, May 27, August 26, and November 24, 2021.

What is the tax treatment of the CLPR dividends for 2021?

The 2021 dividends include ordinary dividends of $0.0475 and nontaxable dividends of $0.0475.

Who should shareholders consult regarding CLPR's dividends tax treatment?

Shareholders are advised to consult their tax advisors about the specific tax treatment of 2021 dividends.