Clipper Realty Inc. Announces Tax Information For 2022 Distributions

Rhea-AI Summary

Clipper Realty Inc. (NYSE: CLPR) has announced the Federal income tax treatment of its dividends for 2022. The dividends, with a total of $0.0950 per share, will be classified as follows: $0.07125 as ordinary dividends, and $0.02375 as qualified dividends. The record dates for these dividends were March 25, May 20, August 19, and November 21, 2022, with payable dates shortly thereafter.

Shareholders are encouraged to consult with their tax advisors regarding specific tax implications. Clipper Realty is a self-managed real estate company focused on multifamily residential and commercial properties in the New York metropolitan area.

Positive

• Dividends maintained at $0.0950 per share, showing consistent shareholder returns.
• Classification of $0.07125 as ordinary dividends and $0.02375 as qualified dividends can provide tax advantages for 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 2022 dividends to holders of its common stock.

Record Date		Payable Date		Total Dividend Per Share		Ordinary Dividend		Qualified Dividend		Nontaxable Dividend
3/25/2022		3/31/2022		$0.0950		$0.07125		$0.0000		$0.02375
5/20/2022		5/27/2022		$0.0950		$0.07125		$0.0000		$0.02375
8/19/2022		8/26/2022		$0.0950		$0.07125		$0.0000		$0.02375
11/21/2022		11/25/2022		$0.0950		$0.07125		$0.0000		$0.02375

Shareholders are advised to consult their tax advisor about the specific tax treatment of 2022 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/20230228006366/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 Federal income tax treatments for Clipper Realty's 2022 dividends?

For 2022, Clipper Realty's dividends total $0.0950 per share, split into $0.07125 as ordinary dividends and $0.02375 as qualified dividends.

When were the record and payable dates for Clipper Realty's dividends in 2022?

The record dates were March 25, May 20, August 19, and November 21, 2022, with payable dates following shortly after each record date.

What is the total dividend per share for Clipper Realty in 2022?

The total dividend per share for Clipper Realty in 2022 is $0.0950.

Should Clipper Realty shareholders consult a tax advisor regarding their dividends?

Yes, shareholders are advised to consult their tax advisor for specific tax treatment of their 2022 dividends.