CENTERSPACE ANNOUNCES 2021 DIVIDEND ALLOCATIONS

Rhea-AI Summary

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 

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.