Diversified Healthcare Trust Announces 2022 Dividend Allocation

Rhea-AI Summary

Diversified Healthcare Trust (Nasdaq: DHC) announced the dividend characterization for 2022 tax reporting. The company declared dividends totaling $0.0400 per share for the year. Key dates included declaration on January 13, 2022, and payment on February 17, 2022. The dividends consist of ordinary income, with a section 199A dividend amounting to $0.0056. Shareholders are advised to refer to IRS Form 1099-DIV for tax reporting. As of September 30, 2022, DHC's portfolio was valued at approximately $7.0 billion, covering 379 properties across 36 states and D.C., with over 27,000 senior living units.

Positive

• DHC declared a total dividend of $0.0400 per share for 2022, providing income for shareholders.
• The REIT's portfolio is valued at approximately $7.0 billion, demonstrating asset strength.

Negative

• Dividends consist primarily of ordinary income with $0.0000 designated as qualified dividends, which may indicate limited cash flow for sustainable dividends.

NEWTON, Mass.--(BUSINESS WIRE)-- Diversified Healthcare Trust (Nasdaq: DHC) today announced that the characterization of dividends for 2022 income tax reporting purposes is as follows:

Common Shares
						Dividend Allocation
						Per Share
					Section			Total	Unrecaptured
Declaration	Record	Paid/Payable	Dividends	Ordinary	199A		Qualified	Capital	Section 1250	Return of
Dates	Dates	Dates	Per Share	Income	Dividend(1)		Dividend(2)	Gain	Gain(3)	Capital
01/13/22	01/24/22	02/17/22	$0.0100	$ 0.0000	$ 0.0000		$ 0.0000	$ 0.0056	$ 0.0000	$0.0044
04/14/22	04/25/22	05/19/22	$0.0100	$ 0.0000	$ 0.0000		$ 0.0000	$ 0.0000	$ 0.0000	$0.0100
07/14/22	07/25/22	08/18/22	$0.0100	$ 0.0000	$ 0.0000		$ 0.0000	$ 0.0000	$ 0.0000	$0.0100
10/13/22	10/24/22	11/17/22	$0.0100	$ 0.0000	$ 0.0000		$ 0.0000	$ 0.0000	$ 0.0000	$0.0100
		TOTALS:	$0.0400	$ 0.0000	$ 0.0000		$ 0.0000	$ 0.0056	$ 0.0000	$0.0344
(1) Section 199A Dividends are a subset of, and included in, the Ordinary Income amount.
(2) Qualified Dividends are a subset of, and included in, the Ordinary Income amount.
(3) Unrecaptured Section 1250 Gain is a subset of, and included in, the Total Capital Gain amount.

DHC’s common share CUSIP number is 25525P107. This information represents final income allocations.

Shareholders should look to IRS Form 1099-DIV for their tax reporting. This press release is not intended to replace the Form 1099-DIV.

About Diversified Healthcare Trust:

Diversified Healthcare Trust is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location. As of September 30, 2022, DHC’s approximately $7.0 billion portfolio included 379 properties in 36 states and Washington, D.C., occupied by approximately 500 tenants, and totaling approximately nine million square feet of life science and medical office properties and more than 27,000 senior living units. DHC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with more than $37 billion in assets under management as of September 30, 2022 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. To learn more about DHC, visit www.dhcreit.com.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230118005805/en/

Melissa McCarthy, Manager, Investor Relations

(617) 796-8234

Source: Diversified Healthcare Trust

FAQ

What is the total dividend declared by Diversified Healthcare Trust (Nasdaq: DHC) for 2022?

DHC declared a total dividend of $0.0400 per share for the year 2022.

When was the dividend payable date for DHC in 2022?

The payable date for DHC's dividend in 2022 was February 17, 2022.

What portion of DHC's 2022 dividend is characterized as ordinary income?

The entire dividend of $0.0400 per share is characterized as ordinary income.

What is the significance of Section 199A dividends for DHC shareholders?

Section 199A dividends provide a potential tax benefit for shareholders as they are a subset of ordinary income.

How many properties does Diversified Healthcare Trust (DHC) own?

As of September 30, 2022, DHC owned 379 properties across 36 states and Washington, D.C.