ELS Announces Tax Treatment of 2020 Distributions

Rhea-AI Summary

Equity LifeStyle Properties (NYSE: ELS) announced the tax treatment for its 2020 common stock distributions. The distributions totaled $1.676250 per share, with $1.297661 allocable to ordinary taxable dividends. Significant dates include record dates of December 27, 2019, and December 24, 2020, with payable dates on January 10, 2020, and January 8, 2021, respectively. Stockholders should consult tax advisors regarding specific treatment. As of October 19, 2020, ELS managed 415 properties across 33 states and British Columbia, comprising 157,690 sites.

Positive

• Total distributions of $1.676250 per share for 2020.
• $1.297661 allocable to ordinary taxable dividends.
• Ownership of 415 properties in 33 states and British Columbia.

Negative

• None.

Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as “we,” “us” and “our”) today announced the tax treatment of our 2020 common stock distributions. The following table summarizes the income tax treatment of our 2020 distributions.

Common Stock (CUSIP No. 29472R108)

Record Date		Payable Date		Distribution Per Share		Total Distribution Allocable to 2020		Ordinary Taxable Dividend		Long Term Capital Gain Dividend		Nondividend Distribution		Qualified REIT Dividend for IRC §199A
12/27/19		01/10/20		$0.306250		$0.015462		$0.014706		$0.000076		$0.000680		$0.014706
03/27/20		04/10/20		$0.342500		$0.342500		$0.325757		$0.001687		$0.015056		$0.325757
06/26/20		07/10/20		$0.342500		$0.342500		$0.325757		$0.001687		$0.015056		$0.325757
09/25/20		10/09/20		$0.342500		$0.342500		$0.325757		$0.001687		$0.015056		$0.325757
12/24/20		01/08/21		$0.342500		$0.254699		$0.242249		$0.001254		$0.011196		$0.242249
TOTALS				$1.676250		$1.297661		$1.234226		$0.006391		$0.057044		$1.234226

The common stock distribution with a record date of December 27, 2019, paid on January 10, 2020, is a split-year distribution with $0.015462 considered a distribution made in 2020 for federal income tax purposes. The common stock distribution with a record date of December 24, 2020, paid on January 8, 2021, is a split-year distribution with $0.254699 considered a distribution made in 2020 and $0.087801 allocable to 2021 for federal income tax purposes.

Stockholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from us.

As of October 19, 2020, we owned or had an interest in 415 quality properties in 33 states and British Columbia consisting of 157,690 sites. We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210122005459/en/

FAQ

What is the total distribution per share for ELS in 2020?

The total distribution per share for ELS in 2020 is $1.676250.

How much of the ELS distribution is allocable to ordinary taxable dividends?

$1.297661 per share is allocable to ordinary taxable dividends.

When were the record dates for ELS's 2020 distributions?

The record dates were December 27, 2019, and December 24, 2020.

What should stockholders do regarding ELS tax distributions?

Stockholders are encouraged to consult their tax advisors about the tax treatment of the distributions.

How many properties does ELS own?

As of October 19, 2020, ELS owned or had an interest in 415 properties.