Americold Realty Trust Announces 2020 Tax Treatment of Distributions

Rhea-AI Summary

Americold Realty Trust (NYSE: COLD) announces the tax treatment for its 2020 stock distributions. Shareholders are advised to consult tax advisors regarding the classification of the Company’s distributions. The Company declared dividends for each quarter of 2020, with notable details including a fourth quarter dividend of $0.21 per share, which was paid in 2021. These dividends have specific tax implications for shareholders, impacting their 2020 taxable income. Americold operates 239 temperature-controlled warehouses globally, forming a part of essential supply chains.

Positive

• Fourth quarter 2020 dividend of $0.21 per share was declared and paid in 2021.

Negative

• No dividends declared for the first three quarters of 2020, indicating potential cash flow concerns.

Americold Realty Trust (NYSE: COLD) (the “Company” or “Americold”), the world’s largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced the 2020 tax treatment of the Company’s common stock distributions, as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company’s distributions.

CUSIP 03064D108

		Declared		Paid		Qualified		Ordinary		ROC		Total
2019 Q4 Dividend		12/10/2019		1/15/2020				0.0700		0.1300		0.2000
2020 Q1 Dividend		3/5/2020		4/15/2020		-		0.0735		0.1365		0.2100
2020 Q2 Dividend		5/27/2020		7/15/2020		-		0.0735		0.1365		0.2100
2020 Q3 Dividend		9/8/2020		10/15/2020		-		0.0735		0.1365		0.2100
2020 Q4 Dividend		12/8/2020		1/15/2021		0.0199						0.0199
						0.0199		0.2906		0.5394		0.8499

The Company paid its fourth quarter 2020 dividend of $0.21 per share in calendar year 2021. This dividend included the qualified dividend indicated above, which will be included in the shareholders’ 2020 taxable income for federal income tax purposes and 2020 Form 1099. The remainder of the 2020 fourth quarter dividend will be included with the shareholders’ 2021 distributions and is not included on the 2020 Form 1099.

About Americold Realty Trust

Americold is the world’s largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 239 temperature-controlled warehouses, with over 1.4 billion refrigerated cubic feet of storage, in North America, Europe, Australia, New Zealand, and South America. Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors and retailers to consumers.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210119006139/en/

FAQ

What was the 2020 dividend for Americold Realty Trust (COLD)?

Americold Realty Trust declared a fourth quarter dividend of $0.21 per share in 2020.

When was the fourth quarter 2020 dividend paid for COLD?

The fourth quarter 2020 dividend was paid on January 15, 2021.

How does the 2020 tax treatment of Americold’s dividends affect shareholders?

The fourth quarter dividend will be included in shareholders' 2020 taxable income for federal tax purposes.

What is Americold Realty Trust’s focus area?

Americold is focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses.