Equity Commonwealth Announces Tax Treatment of 2020 Distributions
Equity Commonwealth (NYSE: EQC) announced the tax treatment of its 2020 common and preferred share distributions. Key details include:
- Common Stock Total Distribution: $3.50
- Series D Preferred Stock Total Distribution: $0.406250
- 2020 Taxable Ordinary Dividends for Common Stock: $0.005321
- 2020 Total Capital Gain Distribution for Common Stock: $3.494679
Shareholders are advised to consult tax advisors for specific tax implications regarding these distributions. The classifications are based on estimates subject to adjustment.
- Total distribution for common stock of $3.50 indicates strong shareholder returns.
- Series D preferred stock quarterly distribution of $0.406250 reflects steady dividend payments.
- None.
Equity Commonwealth (NYSE: EQC) today announced the tax treatment of its 2020 common and preferred share distributions, which is as follows:
Common Stock (CUSIP No. 294628102)
Record Date |
Payment
|
Total
|
2020 Taxable
|
2020 Total
|
2020
|
2020 Section
|
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10/1/20 |
10/20/20 |
|
|
|
|
|
Series D Cumulative Convertible Preferred Stock (CUSIP No. 294628201)
Record Date |
Payment
|
Total
|
2020 Taxable
|
2020 Total
|
2020
|
2020 Section
|
||||||
1/30/2020 |
2/18/20 |
|
|
|
|
|
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4/29/20 |
5/15/20 |
|
|
|
|
|
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7/29/20 |
8/17/20 |
|
|
|
|
|
||||||
10/28/20 |
11/16/20 |
|
|
|
|
|
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|
Total |
|
|
|
|
|
1 The 2020 Total Capital Gain Distribution amounts are comprised entirely of long-term capital gain determined under Section 1231 of the Code, which amounts are excluded from Section 1061 of the Code. Accordingly, for purposes of Section 1061 of the Code and the Treasury Regulations thereunder, the Company makes the following disclosures: the “One Year Amounts Disclosure” and the “Three Year Amounts Disclosure” are |
2 2020 Unrecaptured Section 1250 Gain is a subset of, and included in, the 2020 Total Capital Gain Distribution amount. |
3 2020 Section 199A Dividends are reported in Box 5 of Form 1099-DIV. 2020 Section 199A Dividends are a subset of, and included in, 2020 Taxable Ordinary Dividends, which are reported in Box 1a of Form 1099-DIV. |
This release is based on estimates and is subject to correction or adjustment when the tax filings are completed. No material change in these classifications is expected. Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from the Company.
About Equity Commonwealth
Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. EQC’s same portfolio is comprised of 4 properties and 1.5 million square feet.
Regulation FD Disclosures
We use any of the following to comply with our disclosure obligations under Regulation FD: press releases, SEC filings, public conference calls, or our website. We routinely post important information on our website at www.eqcre.com, including information that may be deemed to be material. We encourage investors and others interested in the company to monitor these distribution channels for material disclosures.
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FAQ
What is the 2020 total distribution per share for Equity Commonwealth common stock?
When was the payment date for Equity Commonwealth's 2020 common stock distribution?
What were the 2020 taxable ordinary dividends for Equity Commonwealth common stock?
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What was the total distribution for Equity Commonwealth's Series D preferred stock in 2020?
