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CENTERSPACE ANNOUNCES 2021 DIVIDEND ALLOCATIONS

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Centerspace (NYSE: CSR) announced the tax treatment for 2021 distributions on its common and preferred shares. Shareholders are advised to consult their tax advisors regarding these distributions. Key details include:

  • Common Shares: $0.70000 distribution per share
  • Series C Preferred Shares: $0.4140625 distribution per share

The cash distributions were payable on varying dates throughout 2021 and included ordinary taxable distributions and returns of capital. Centerspace operates 83 apartment communities across the Midwest.

Positive
  • Announced a cash distribution of $0.70000 per common share.
  • Announced a cash distribution of $0.4140625 per Series C Preferred share.
  • The company operates 83 apartment communities, indicating a stable revenue base.
Negative
  • None.

MINNEAPOLIS, Jan. 24, 2022 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today the tax treatment (Form 1099-DIV) for calendar year 2021 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

01/04/21

01/15/21

$0.700000

$0.054698

$0.638852

$0.006450

$0.006450

CUSIP: 15202L1070

03/31/21

04/12/21

$0.700000

$0.054698

$0.638852

$0.006450

$0.006450

Symbol: CSR

06/30/21

07/12/21

$0.700000

$0.054698

$0.638852

$0.006450

$0.006450


        09/30/21

10/11/21

$0.720000

$0.056261

$0.657105

$0.006634

$0.006634




$2.820000

$0.220355

$2.573661

$0.025984

$0.025984









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

03/15/21

03/31/21

$0.4140625

$0.3703864

$0.000000

$0.0436761

$0.0436761

Shares

06/15/21

06/30/21

$0.4140625

$0.3703864

$0.000000

$0.0436761

$0.0436761

CUSIP: 15202L2060

09/15/21

09/30/21

$0.4140625

$0.3703864

$0.000000

$0.0436761

$0.0436761

Symbol:CSRPC

        12/15/21

12/31/21

$0.4140625

$0.3703864

$0.000000

$0.0436761

$0.0436761




$1.6562500

$1.4815456

$0.000000

$0.1747044

$0.1747044

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 currently owns 83 apartment communities consisting of 14,718 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2021 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com 

If you would like more information about this topic, please contact Emily Miller, Investor Relations, at (701) 837-7104 or IR@centerspacehomes.com.

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

(PRNewsfoto/Centerspace)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/centerspace-announces-2021-dividend-allocations-301466684.html

SOURCE Centerspace

FAQ

What is the cash distribution per common share for Centerspace in 2021?

The cash distribution per common share for Centerspace in 2021 was $0.70000.

What is the cash distribution per Series C Preferred Share for Centerspace?

The cash distribution per Series C Preferred Share for Centerspace was $0.4140625.

When are the payable dates for Centerspace dividends in 2021?

The payable dates for Centerspace dividends in 2021 varied, with the latest being on December 31, 2021.

Is the distribution from Centerspace ordinary taxable income?

Yes, Centerspace's distributions include ordinary taxable distributions, which shareholders should consult their tax advisors about.

Where can I find more information about Centerspace's dividend allocations?

More information about Centerspace's dividend allocations can be found in their official press release available on PR Newswire.

Centerspace

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