Equinix Announces Tax Treatment of 2020 Distributions

Rhea-AI Summary

Equinix (Nasdaq: EQIX) announced the tax treatment for its 2020 distributions to shareholders. For the year, the total distribution per share is $10.640, comprising ordinary taxable dividends and return of capital. Each quarterly dividend of $2.66 was reported as both ordinary and qualified taxable dividends, with no return of capital. As the federal income tax return for the year ended December 31, 2020, is yet to be filed, shareholders are advised to consult tax advisors for specific reporting guidance. This information is critical for investors regarding tax liabilities.

Positive

• Total distribution per share for 2020 is $10.640.
• Every quarter in 2020 paid a dividend of $2.66 per share.

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• None.

REDWOOD CITY, Calif., Jan. 29, 2021 /PRNewswire/ -- Equinix. (Nasdaq: EQIX), the world's digital infrastructure company™, today announced the tax treatment for all 2020 distributions on its common stock.

				Form 1099	Form 1099	Form 1099	Form 1099
	Record Date	Payment Date	Total Distribution (per share)	Box 1a Ordinary Taxable Dividend (per share)	Box 1b Qualified Taxable Dividend  (per share)	Box 3 Return of Capital (per share)	Box 5 Section 199A Dividend (per share)
Q1	2/26/2020	3/18/2020	$2.660000	$2.660000	$0.000000	$0.000000	$2.660000
Q2	5/20/2020	6/17/2020	$2.660000	$2.660000	$0.000000	$0.000000	$2.660000
Q3	8/19/2020	9/23/2020	$2.660000	$2.660000	$0.000000	$0.000000	$2.660000
Q4	11/18/2020	12/9/2020	$2.660000	$2.660000	$0.000000	$0.000000	$2.660000
Total			$10.640000	$10.640000	$0.000000	$0.000000	$10.640000

This information has been prepared using the best available information to date. Equinix's federal income tax return for the year ended December 31, 2020, has not yet been filed. Please note that federal tax laws affect taxpayers differently, and we cannot advise you on how distributions should be reported on your federal income tax return. Please also note that state and local taxation of REIT distributions vary and may not be the same as the federal rules. Stockholders are encouraged to consult with their tax advisors as to the specific tax treatment of these distributions.

Please consult your tax advisor regarding Box 5 and how you should report the amount in your tax filing.

About Equinix
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.

Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties related to our taxation as a REIT and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.

 

 

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SOURCE Equinix, Inc.

FAQ

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

The total distribution per share for Equinix (EQIX) in 2020 is $10.640.

What is the quarterly dividend amount for EQIX in 2020?

Equinix (EQIX) paid a quarterly dividend of $2.66 per share throughout 2020.

What should EQIX shareholders consider for tax purposes in 2020?

Equinix shareholders should consult their tax advisors for guidance on how to report distributions on their federal income tax returns.

When will Equinix file its federal income tax return for 2020?

Equinix has not yet filed its federal income tax return for the year ended December 31, 2020.