Equity Commonwealth Announces Tax Treatment of 2022 Distributions

Rhea-AI Summary

Equity Commonwealth (NYSE: EQC) announced the tax treatment of its 2022 common and preferred share distributions. The total distribution per common share is $1.00, with $0.99 classified as taxable ordinary dividends and $0.01 as a non-taxable return of capital. For Series D preferred stock, the total distribution per share is $0.406250, all classified as taxable ordinary dividends. Key record and payment dates include September 29, 2022, for common stock and January 28, 2022, for preferred stock. Shareholders are advised to consult their tax advisors regarding the tax treatment of these distributions.

Positive

• Common stock distribution was $1.00 per share, with $0.99 as taxable ordinary dividends.
• Series D preferred stock distributions totaled $0.406250 per share, fully classified as taxable ordinary dividends.

Negative

• None.

CHICAGO--(BUSINESS WIRE)-- Equity Commonwealth (NYSE: EQC) today announced the tax treatment of its 2022 common and preferred share distributions, which is as follows:

Common Stock (CUSIP No. 294628102)

Record Date		Payment Date		Total Distribution per Share		2022 Taxable Ordinary Dividends		2022 Non-taxable Distribution (Return of Capital)		2022 Section 199A Dividends1
9/29/2022		10/18/2022		$1.00		$ 0.99		$0.01		$ 0.99

Series D Cumulative Convertible Preferred Stock (CUSIP No. 294628201)

Record Date		Payment Date		Total Distribution per Share		2022 Taxable Ordinary Dividends		2022 Section 199A Dividends1
1/28/2022		2/15/2022		$ 0.406250		$ 0.406250		$ 0.406250
4/29/2022		5/16/2022		$ 0.406250		$ 0.406250		$ 0.406250
7/29/2022		8/15/2022		$ 0.406250		$ 0.406250		$ 0.406250
10/31/2022		11/15/2022		$ 0.406250		$ 0.406250		$ 0.406250
		Total		$ 1.625000		$ 1.625000		$ 1.625000

¹2022 Section 199A Dividends are reported in Box 5 of Form 1099-DIV. 2022 Section 199A Dividends are a subset of, and included in, 2022 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 portfolio is comprised of 4 properties totaling 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230126005723/en/

Bill Griffiths, Equity Commonwealth, (312) 646-2801

Source: Equity Commonwealth

FAQ

What are the 2022 distributions for Equity Commonwealth (EQC) common stock?

The total distribution for 2022 common stock is $1.00 per share, with $0.99 as taxable ordinary dividends.

What is the tax treatment of Equity Commonwealth's (EQC) preferred stock distributions?

The Series D preferred stock distributions in 2022 totaled $0.406250 per share, all classified as taxable ordinary dividends.

When are the record and payment dates for Equity Commonwealth's (EQC) common stock?

The record date for common stock was September 29, 2022, and the payment date was October 18, 2022.

What should shareholders know about the tax treatment of their distributions from Equity Commonwealth (EQC)?

Shareholders are encouraged to consult tax advisors for specific tax treatment of the distributions received.