Cousins Properties Announces 2021 Tax Reporting Information

Rhea-AI Summary

Cousins Properties (CUZ) released its year-end tax reporting information for 2021, detailing distribution classifications for common stock dividends. The total distributions per share totaled $1.23, with ordinary dividends of $1.23 and no capital gain distributions. Key record and paid dates include January 4, April 6, July 6, and October 5, 2021, with paid dates following shortly after each record date. Shareholders are advised to consult tax advisors for implications, as tax returns are pending. No material changes in taxable classifications are anticipated.

Positive

• Total distributions per share for 2021 were $1.23.
• Ordinary dividends were paid consistently throughout the year.

Negative

• None.

ATLANTA, Jan. 18, 2022 /PRNewswire/ -- Cousins Properties (NYSE:CUZ) announced today the year-end tax reporting information for its 2021 distributions.  For the tax year ended December 31, 2021, distributions for Cousins' common stock are classified as follows:

Record Date	Paid Date	Total Distributions Per Share	Ordinary Dividends	Capital Gain Distributions	Section 199A Dividends	Section 897 Dividends1
1/4/2021	1/14/2021	$0.300000	$0.300000	$0.000000	$0.300000	$0.000000
4/6/2021	4/19/2021	$0.310000	$0.310000	$0.000000	$0.310000	$0.000000
7/6/2021	7/19/2021	$0.310000	$0.310000	$0.000000	$0.310000	$0.000000
10/5/2021	10/15/2021	$0.310000	$0.310000	$0.000000	$0.310000	$0.000000

¹ Represents section 897 gain attributable to disposition of U.S. real property interests included in Ordinary Dividends.

This release has been prepared with the information available to date because the Company's tax returns have not yet been filed.  The tax consequences of these distributions to each stockholder depend on such stockholder's particular facts and circumstances.  Stockholders are thus encouraged to consult with their tax advisors as to the U.S. federal, state, local, and non-U.S. tax treatment of these distributions.  No material change in the taxable classifications is expected. 

About Cousins Properties
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing, and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments. For more information, please visit www.cousins.com.  

CONTACT:
Roni Imbeaux
Vice President, Finance & Investor Relations
Cousins Properties
404-407-1104
rimbeaux@cousins.com

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SOURCE Cousins Properties

FAQ

What are the total distributions per share for CUZ in 2021?

Cousins Properties announced total distributions per share of $1.23 for 2021.

When were the record and paid dates for CUZ's distributions in 2021?

Key dates for distributions in 2021 were January 4, April 6, July 6, and October 5 for record dates, with paid dates shortly after each.

What type of dividends did CUZ distribute in 2021?

Cousins Properties distributed ordinary dividends totaling $1.23 per share in 2021, with no capital gain distributions.

How should CUZ shareholders handle tax implications for 2021 distributions?

Shareholders should consult their tax advisors regarding the implications of CUZ's 2021 distributions, as tax returns are still pending.