CENTERSPACE ANNOUNCES 2022 DIVIDEND ALLOCATIONS

Rhea-AI Summary

Centerspace (NYSE: CSR) announced the tax treatment for its 2022 distributions, detailing allocations for common and preferred shares. Key dividend payments include:

• Common Shares: Total of $2.91 per share.
• Series C Preferred: Total of $1.65625 per share.

Record dates for cash distributions span from January to December 2022, with payable dates following shortly after. Shareholders should consult tax advisors for personal tax implications of these distributions.

Positive

• Total distribution of $2.91 per common share enhances shareholder income.
• Series C Preferred shares yield a total distribution of $1.65625, demonstrating company confidence in maintaining returns.

Negative

• None.

MINNEAPOLIS, Jan. 24, 2023 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today the tax treatment (Form 1099-DIV) for calendar year 2022 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		01/03/22		01/14/22	$0.720000	$0.096624	$0.623376	$0.000000	$0.000000
CUSIP: 15202L107		03/31/22		04/11/22	$0.730000	$0.097966	$0.632034	$0.000000	$0.000000
Symbol: CSR		06/30/22		07/11/22	$0.730000	$0.097966	$0.632034	$0.000000	$0.000000
	09/30/22			10/11/22	$0.730000	$0.097966	$0.632034	$0.000000	$0.000000
					$2.910000	$0.390522	$2.519478	$0.000000	$0.000000
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		03/15/22		03/31/22	$0.4140625	$0.4140625	$0.000000	$0.0000000	$0.0000000
Shares		06/15/22		06/30/22	$0.4140625	$0.4140625	$0.000000	$0.0000000	$0.0000000
CUSIP: 15202L206		09/15/22		09/30/22	$0.4140625	$0.4140625	$0.000000	$0.000000	$0.0000000
Symbol: CSRPRC	12/15/22			12/30/22	$0.4140625	$0.4140625	$0.000000	$0.000000	$0.0000000
					$1.6562500	$1.6562500	$0.000000	$0.0000000	$0.0000000

 

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 84 apartment communities consisting of 15,065 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2022 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com. 

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

 

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SOURCE Centerspace

FAQ

What is the dividend amount for Centerspace (CSR) in 2022?

Centerspace announced a total distribution of $2.91 per common share for 2022.

What were the record dates for Centerspace 2022 dividends?

Record dates for 2022 dividends varied from January 3, 2022, to December 15, 2022.

When will the dividends for Centerspace (CSR) be payable?

Dividends for Centerspace were payable shortly after each record date, primarily between January and October 2022.

Are Centerspace dividends considered ordinary taxable distributions?

Yes, the dividends include ordinary taxable distributions, which vary by payment.