ELS Announces Tax Treatment of 2022 Distributions

Rhea-AI Summary

Equity LifeStyle Properties, Inc. (NYSE: ELS) announced the tax treatment for its 2022 common stock distributions. The distributions totaled $1.640 per share, with $1.482537 classified as ordinary taxable dividends. The last distribution, with a record date of December 30, 2022, and payable on January 13, 2023, included $0.005010 considered a 2023 distribution. Shareholders are advised to consult tax advisors regarding the specific treatment of these distributions. As of October 17, 2022, the company managed 445 properties across the U.S., comprising 170,245 sites.

Positive

• Total distribution of $1.640 per share for 2022.
• $1.482537 per share classified as ordinary taxable dividends.
• The company owns or manages 445 properties across the U.S.

Negative

• None.

CHICAGO--(BUSINESS WIRE)-- Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as “we,” “us” and “our”) today announced the tax treatment of our 2022 common stock distributions. The following table summarizes the income tax treatment of our 2022 distributions.

Common Stock (CUSIP No. 29472R108)

Record Date	Payable Date	Distribution Per Share	Total Distribution Allocable to 2022	Ordinary Taxable Dividend	Nondividend Distribution	Qualified REIT Dividend for IRC §199A
03/25/2022	04/08/2022	$0.410000	$0.410000	$0.371770	$0.038230	$0.371770
06/24/2022	07/08/2022	$0.410000	$0.410000	$0.371770	$0.038230	$0.371770
09/30/2022	10/14/2022	$0.410000	$0.410000	$0.371770	$0.038230	$0.371770
12/30/2022	01/13/2023	$0.410000	$0.404990	$0.367227	$0.037763	$0.367227
TOTALS		$1.640000	$1.634990	$1.482537	$0.152453	$1.482537

The common stock distribution with a record date of December 30, 2022, paid on January 13, 2023, is a split-year distribution with $0.005010 considered a distribution made in 2023 for federal income tax purposes.

Pursuant to Treas. Reg. § 1.1061-6(c), we report that for purposes of section 1061 of the Internal Revenue Code, the One Year Amounts Disclosure and the Three Year Amounts Disclosure are $0.00 per share with respect to direct and indirect holders of “applicable partnership interests.”

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 17, 2022, we owned or had an interest in 445 quality properties located predominantly in the United States consisting of 170,245 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/20230124006098/en/

Paul Seavey

(800) 247-5279

Source: Equity LifeStyle Properties, Inc.

FAQ

What was the total common stock distribution per share for ELS in 2022?

The total common stock distribution per share for Equity LifeStyle Properties, Inc. (ELS) in 2022 was $1.640.

What is the ordinary taxable dividend amount for ELS in 2022?

The ordinary taxable dividend amount for ELS in 2022 was $1.482537 per share.

When was the record date for the last distribution of ELS in 2022?

The record date for the last distribution of ELS in 2022 was December 30, 2022.

When was the last distribution for ELS paid in 2022?

The last distribution for ELS was paid on January 13, 2023.

Did ELS report any split-year distributions?

Yes, ELS reported a split-year distribution, with $0.005010 considered a distribution made in 2023.