Equity Commonwealth Announces Tax Treatment of 2024 Distributions
Equity Commonwealth (NYSE: EQC) has released details about the tax treatment of its 2024 distributions for both common and preferred shares. Common stockholders received a $19.00 per share cash liquidation distribution on December 6, 2024. For Series D Cumulative Convertible Preferred Stock, shareholders received four quarterly distributions of $0.406250 per share as taxable ordinary dividends and Section 199A dividends, plus a final cash liquidation distribution of $25.0858 on December 3, 2024. The total distribution for preferred shareholders amounted to $26.7108 per share.
Liquidation distributions will be applied against shareholder tax basis, with any excess being treated as taxable gain. Shareholders are advised to consult their tax advisors regarding the specific tax treatment of these distributions.
Equity Commonwealth (NYSE: EQC) ha rilasciato dettagli sul trattamento fiscale delle sue distribuzioni per il 2024, sia per le azioni ordinarie che per quelle privilegiate. Gli azionisti delle azioni ordinarie hanno ricevuto una distribuzione di liquidazione in contante di $19.00 per azione il 6 dicembre 2024. Per le azioni privilegiate cumulative convertibili di serie D, gli azionisti hanno ricevuto quattro distribuzioni trimestrali di $0.406250 per azione come dividendi ordinari tassabili e dividendi ai sensi della Sezione 199A, oltre a una distribuzione finale di liquidazione in contante di $25.0858 il 3 dicembre 2024. La distribuzione totale per gli azionisti privilegiati è ammontata a $26.7108 per azione.
Le distribuzioni di liquidazione verranno applicate contro la base imponibile degli azionisti, con eventuali eccessi trattati come guadagni tassabili. Gli azionisti sono invitati a consultare i propri consulenti fiscali riguardo al trattamento fiscale specifico di queste distribuzioni.
Equity Commonwealth (NYSE: EQC) ha publicado detalles sobre el tratamiento fiscal de sus distribuciones para 2024, tanto para acciones ordinarias como preferentes. Los accionistas de acciones ordinarias recibieron una distribución de liquidación en efectivo de $19.00 por acción el 6 de diciembre de 2024. Para la serie D de acciones preferentes cumulativas convertibles, los accionistas recibieron cuatro distribuciones trimestrales de $0.406250 por acción como dividendos ordinarios gravables y dividendos de la Sección 199A, más una distribución final de liquidación en efectivo de $25.0858 el 3 de diciembre de 2024. La distribución total para los accionistas preferentes ascendió a $26.7108 por acción.
Las distribuciones de liquidación se aplicarán contra la base imponible del accionista, y cualquier excedente se considerará como ganancia gravable. Se aconseja a los accionistas que consulten a sus asesores fiscales sobre el tratamiento fiscal específico de estas distribuciones.
Equity Commonwealth (NYSE: EQC)는 2024년 배당금에 대한 세무 처리에 대한 세부 정보를 발표했습니다. 보통주 주주들은 2024년 12월 6일 보통주당 $19.00의 현금 청산 배당금을 받았습니다. D 시리즈 누적 전환 우선주에 대해서는 주주들이 주당 $0.406250의 분기별 배당금 4회를 세금이 부과되는 일반 배당금 및 섹션 199A 배당금으로, 그리고 2024년 12월 3일에 $25.0858의 최종 현금 청산 배당금을 받았습니다. 우선주 주주에 대한 총 배당금은 주당 $26.7108에 달했습니다.
청산 배당금은 주주의 세무 기준에 적용되며, 초과분은 과세 대상 이익으로 처리됩니다. 주주들은 이러한 배당금의 특정 세무 처리에 대해 세무 전문가와 상담할 것을 권장합니다.
Equity Commonwealth (NYSE: EQC) a publié des détails concernant le traitement fiscal de ses distributions pour 2024, tant pour les actions ordinaires que pour les actions privilégiées. Les actionnaires d’actions ordinaires ont reçu une distribution de liquidation en espèces de 19,00 $ par action le 6 décembre 2024. Pour les actions privilégiées cumulatives convertibles de la série D, les actionnaires ont reçu quatre distributions trimestrielles de 0,406250 $ par action considérées comme des dividendes ordinaires imposables et des dividendes selon la Section 199A, ainsi qu'une distribution finale de liquidation en espèces de 25,0858 $ le 3 décembre 2024. La distribution totale pour les actionnaires privilégiés s'élevait à 26,7108 $ par action.
Les distributions de liquidation seront appliquées contre la base imposable des actionnaires, tout excédent étant considéré comme un gain imposable. Les actionnaires sont invités à consulter leurs conseillers fiscaux concernant le traitement fiscal spécifique de ces distributions.
Equity Commonwealth (NYSE: EQC) hat Einzelheiten zur steuerlichen Behandlung seiner Ausschüttungen für 2024 sowohl für Stamm- als auch für Vorzugsaktien veröffentlicht. Stammaktionäre erhielten am 6. Dezember 2024 eine liquidationsbezogene Barausschüttung von $19,00 pro Aktie. Für die Serie D kumulativ wandelbarer Vorzugsaktien erhielten die Aktionäre vier quartalsweise Ausschüttungen von $0,406250 pro Aktie als steuerpflichtige ordentliche Dividenden und Dividenden gemäß Abschnitt 199A sowie eine abschließende liquidationsbezogene Barausschüttung von $25,0858 am 3. Dezember 2024. Die Gesamtausschüttung für Vorzugsaktionäre belief sich auf $26,7108 pro Aktie.
Liquidationsausschüttungen werden auf die Steuerbasis der Aktionäre angerechnet, wobei etwaige Überschüsse als steuerpflichtiger Gewinn behandelt werden. Aktionären wird geraten, ihre Steuerberater bezüglich der spezifischen steuerlichen Behandlung dieser Ausschüttungen zu konsultieren.
- Complete liquidation distribution to common shareholders of $19.00 per share
- Total distribution of $26.7108 per share to preferred shareholders
- Maintained consistent quarterly preferred dividend payments of $0.406250 throughout 2024
- Company liquidation indicates end of regular business operations
Common Stock (CUSIP No. 294628102)
Record Date |
Payment Date |
Total Distribution per Share |
2024 Cash Liquidation Distribution1 |
11/25/2024 |
12/6/2024 |
|
|
Series D Cumulative Convertible Preferred Stock (CUSIP No. 294628201)
Record Date |
Payment Date |
Total Distribution per Share |
2024 Taxable Ordinary Dividends |
2024 Section 199A Dividends2 |
2024 Cash Liquidation Distribution3 |
||||
1/31/2024 |
2/15/2024 |
$ |
0.406250 |
$ |
0.406250 |
$ |
0.406250 |
$ |
0.000000 |
4/30/2024 |
5/15/2024 |
$ |
0.406250 |
$ |
0.406250 |
$ |
0.406250 |
$ |
0.000000 |
7/31/2024 |
8/15/2024 |
$ |
0.406250 |
$ |
0.406250 |
$ |
0.406250 |
$ |
0.000000 |
10/31/2024 |
11/15/2024 |
$ |
0.406250 |
$ |
0.406250 |
$ |
0.406250 |
$ |
0.000000 |
12/3/2024 |
12/3/2024 |
$ |
25.0858 |
$ |
0.000000 |
$ |
0.000000 |
$ |
25.0858 |
|
Total |
$ |
26.7108 |
$ |
1.625000 |
$ |
1.625000 |
$ |
25.0858 |
1Cash Liquidation Distributions are reported in Box 9 of Form 1099-DIV. Liquidation distributions are first applied against shareholder tax basis, but not below zero (i.e., return of capital). To the extent liquidation distributions exceed shareholder tax basis, such excess is taxable gain in the year of receipt. To the extent liquidation distributions are less than shareholder tax basis, any loss will be recognized in the year the final liquidation distribution is received.
22024 Section 199A Dividends are reported in Box 5 of Form 1099-DIV. 2024 Section 199A Dividends are a subset of, and included in, 2024 Taxable Ordinary Dividends, which are reported in Box 1a of Form 1099-DIV.
3Cash Liquidation Distribution is reported in Box 9 of Form 1099-DIV. Preferred shareholders will recognize taxable gain to the extent the liquidation distribution exceeds their tax basis. To the extent the liquidation distribution is less than the preferred shareholder’s tax basis, loss will be recognized.
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
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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Investor Contact
Bill Griffiths, Equity Commonwealth, (312) 646-2801
Source: Equity Commonwealth
FAQ
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