Equinix Announces Tax Treatment of 2022 Distributions

Rhea-AI Summary

Equinix, Inc. (NASDAQ: EQIX) announced the tax treatment for its 2022 common stock distributions. For the year, the total distribution per share amounted to $12.40, categorized as $12.40 in ordinary taxable dividends, with no return of capital reported. Tax information is based on the best available data, and shareholders are advised to consult tax advisors regarding the specifics of their federal and state tax filings. Equinix's tax return for 2022 has not yet been submitted. The company emphasizes that distributions can be subject to varying state and local tax laws.

Positive

• Total distribution per share for 2022 was $12.40, all classified as ordinary taxable dividends.

Negative

• Equinix's federal income tax return for 2022 has not yet been filed, introducing uncertainty for shareholders.

REDWOOD CITY, Calif., Jan. 18, 2023 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company™, today announced the tax treatment for all 2022 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	3/7/2022	3/23/2022	$3.100000	$3.100000	$0.000000	$0.000000	$3.100000
Q2	5/18/2022	6/15/2022	$3.100000	$3.100000	$0.000000	$0.000000	$3.100000
Q3	8/17/2022	9/21/2022	$3.100000	$3.100000	$0.000000	$0.000000	$3.100000
Q4	11/16/2022	12/14/2022	$3.100000	$3.100000	$0.000000	$0.000000	$3.100000
Total			$12.400000	$12.400000	$0.000000	$0.000000	$12.400000

 

This information has been prepared using the best available information to date. Equinix's federal income tax return for the year ended December 31, 2022, 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. Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.

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 tax treatment for Equinix's 2022 distributions?

Equinix reported a total distribution of $12.40 per share for 2022, categorized as ordinary taxable dividends.

When did Equinix announce the tax treatment of its 2022 distributions?

Equinix announced the tax treatment on January 18, 2023.

What should Equinix shareholders consider regarding their 2022 tax filings?

Shareholders are encouraged to consult tax advisors about the specific treatment of distributions for federal and state tax filings.

What is the status of Equinix's federal income tax return for 2022?

Equinix's federal income tax return for the year ended December 31, 2022, has not yet been filed.

How do state tax laws affect Equinix's distributions?

State and local taxation of REIT distributions may vary and could be different from federal rules.