Columbia Property Trust Announces Tax Treatment of 2020 Distributions

Rhea-AI Summary

Columbia Property Trust (CXP) has announced the tax treatment of its 2020 distributions. The company recorded a total distribution of $0.21 per share for its common stock, with specific allocations for federal income tax purposes. The fourth quarter dividend paid in January 2020 is entirely allocable to 2020, while the fourth quarter 2020 dividend has portions allocated to both 2020 and 2021. Shareholders are advised to consult with tax advisors regarding their distributions.

Positive

• Total distributions per share of $0.21 indicate stable dividend payments.
• Company's robust investment-grade ratings from Moody’s and S&P Global Ratings.

Negative

• Fourth quarter 2020 dividend included a small portion ($0.008799) allocated to 2020, indicating potential cash flow concerns.

Columbia Property Trust, Inc. (NYSE: CXP) announced the tax treatment of its 2020 distributions. The company’s total distributions per share of common stock (CUSIP # 198287 203) are to be classified as described below. Shareholders are encouraged to consult with their tax advisor as to the specific treatment of distributions.

				2020 Form 1099-DIV
				Box 1a	Box 1b	Box 2a	Box 3	Box 5
Record Date	Paid Date	Total Distribution Per Share*	Total Distribution Allocable to 2020*	2020 Total Ordinary Dividend	2020 Qualified Dividends	2020 Total Capital Gain Distribution	2020 Total Non- Dividend Distribution	2020 Section 199A Dividends
12/16/19	01/07/20	$0.210000	$0.210000	$0.210000	-	-	-	$0.210000
03/02/20	03/17/20	$0.210000	$0.210000	$0.210000	-	-	-	$0.210000
06/01/20	06/16/20	$0.210000	$0.210000	$0.210000	-	-	-	$0.210000
09/01/20	09/15/20	$0.210000	$0.210000	$0.210000	-	-	-	$0.210000
12/01/20	01/08/21	$0.210000	$0.008799	$0.008799	-	-	-	$0.008799

*The fourth quarter 2019 dividend of $0.21 per share with a record date of December 16, 2019 (and paid on January 7, 2020) is entirely allocable to 2020 for federal income tax purposes. The fourth quarter 2020 dividend of $0.21 per share with a record date of December 1, 2020 (and paid on January 8, 2021) is a split-year distribution with $0.008799 per share allocable to 2020 for federal income tax purposes and $0.201201 per share allocable to 2021 for federal income tax purposes.

About Columbia Property Trust

Columbia Property Trust (NYSE: CXP) creates value through owning, operating, and developing Class-A office buildings in New York, San Francisco, Washington D.C., and Boston. The Columbia team is deeply experienced in transactions, asset management and repositioning, leasing, development, and property management. It employs these competencies to grow value across its high-quality, well-leased portfolio of 15 properties that contain approximately seven million rentable square feet, as well as four properties under development, and also has more than eight million square feet under management for private investors and third parties. Columbia has investment-grade ratings from both Moody’s and S&P Global Ratings. For more information, please visit www.columbia.reit.

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FAQ

What is the tax treatment of Columbia Property Trust's 2020 distributions?

Columbia Property Trust announced that its total distribution of $0.21 per share for 2020 includes portions allocable to both 2020 and 2021.

What was the total distribution per share for Columbia Property Trust in 2020?

The total distribution per share for Columbia Property Trust in 2020 was $0.21.

When did Columbia Property Trust pay out its fourth quarter 2020 dividend?

The fourth quarter 2020 dividend was paid on January 8, 2021.

What portion of the fourth quarter 2020 dividend is allocable to 2020?

The fourth quarter 2020 dividend allocable to 2020 is $0.008799 per share.

What are Columbia Property Trust's investment-grade ratings?

Columbia Property Trust has investment-grade ratings from both Moody's and S&P Global Ratings.