Centerspace Announces 2020 Dividend Allocations

Rhea-AI Summary

Centerspace (NYSE: CSR) announced the tax treatment for its 2020 cash distributions for both common and preferred shares. Shareholders are advised to consult their tax advisors regarding their personal tax implications. Key distributions include:

• Common Shares: $0.7000 distributed quarterly
• Series C Preferred: $0.4140625 distributed quarterly

Shareholders received a total of $2.80 per common share and $1.65625 per preferred share for the year. Record and payable dates vary per distribution.

Positive

• Consistent dividend payments of $2.80 per common share across four quarters, indicating stability.
• Preferred dividends of $1.65625 maintain investor interest and confidence.

Negative

• None.

MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today the tax treatment (Form 1099-DIV) for calendar year 2020 distributions on its common and preferred shares of beneficial interest. Shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment of their Centerspace distributions.

Security Description		Record Date		Payable Date	Cash Distribution Per Share	Ordinary Taxable Distribution	Return of Capital	Total Capital Gain	Unrecaptured Section 1250 Gain
Common Shares		01/02/20		01/15/20	$0.700000	$0.055360	$0.549265	$0.095375	$0.095375
CUSIP: 15202L1070		03/31/20		04/09/20	$0.700000	$0.055360	$0.549265	$0.095375	$0.095375
Symbol: CSR		06/30/20		07/10/20	$0.700000	$0.055360	$0.549265	$0.095375	$0.095375
		09/30/20		10/09/20	$0.700000	$0.055360	$0.549265	$0.095375	$0.095375
					$2.800000	$0.221440	$2.197060	$0.381500	$0.381500

 

Security Description		Record Date		Payable Date	Cash Distribution Per Share	Ordinary Taxable Distribution	Return of Capital	Total Capital Gain	Unrecaptured Section 1250 Gain
Series C Preferred		03/16/20		03/31/20	$0.4140625	$0.3576465	$0.000000	$0.0564160	$0.0564160
Shares		06/15/20		06/30/20	$0.4140625	$0.3576465	$0.000000	$0.0564160	$0.0564160
CUSIP: 15202L2060		09/15/20		09/30/20	$0.4140625	$0.3576465	$0.000000	$0.0564160	$0.0564160
Symbol: CSR		12/15/20		12/31/20	$0.4140625	$0.3576465	$0.000000	$0.0564160	$0.0564160
					$1.6562500	$1.4305860	$0.000000	$0.2256640	$0.2256640

About Centerspace
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, the company now owns 68 apartment communities consisting of 12,166  homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2020 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.

Contact Information
Emily Miller, Investor Relations
Phone : (701) 837-7104
E-mail : IR@centerspacehomes.com

 

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SOURCE Centerspace

FAQ

What is the dividend amount for Centerspace (CSR) in 2020?

The total cash distribution for Centerspace common shares in 2020 was $2.80 per share.

When are the dividend payments for Centerspace (CSR) made?

Dividends for Centerspace are paid quarterly, with specific record and payable dates for each distribution.

What is the tax treatment for the dividends paid by Centerspace (CSR)?

Shareholders should consult tax advisors regarding the specific tax implications of Centerspace's dividend distributions.

Is the dividend from Centerspace (CSR) sustainable?

The consistent dividend payments indicate a level of sustainability, though shareholders should monitor company performance.