Franklin Street Properties Corp. Announces Tax Composition of 2020 Distributions

Rhea-AI Summary

Franklin Street Properties Corp. (FSP) has disclosed the tax composition of its 2020 distributions, advising shareholders to consult their tax advisors regarding the treatment of these distributions. The press release highlights the breakdown of various distribution types for the year, ensuring transparency for investors on taxable and non-taxable components. This information is crucial for shareholders to accurately report their income tax obligations and optimize their financial strategies.

Positive

• Transparent disclosure of tax composition for 2020 distributions.
• Encourages shareholders to seek personalized tax advice.

Negative

• None.

Franklin Street Properties Corp. (“FSP”) (NYSE American:FSP) announced today the tax composition of its 2020 distributions. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of FSP distributions.

Ticker Symbol: FSP
Common Stock (CUSIP # 35471R106)
							2020			2020			2020 Total
				Total			Taxable			Taxable			Capital			2020
Record		Payable		Distribution			Ordinary			Qualified			Gain			Return of			Section 199A
Date		Date		per Share			Dividend			Dividend (1)			Distribution			Capital			Distribution
1/24/20		2/13/20		$	0.09		$	0.069758		$	-		$	0.015045		$	0.005197		$	0.069758
4/17/20		5/7/20		$	0.09		$	0.069758		$	-		$	0.015045		$	0.005197		$	0.069758
7/17/20		8/6/20		$	0.09		$	0.069758		$	-		$	0.015045		$	0.005197		$	0.069758
10/23/20		11/12/20		$	0.09		$	0.069758		$	-		$	0.015045		$	0.005197		$	0.069758
Totals				$	0.36		$	0.279032		$	-		$	0.060180		$	0.020788		$	0.279032
(1) Qualified Dividend is a subset of, and included in, the 2020 Total Ordinary Dividend amount.

This press release, along with other news about FSP, is available on the Internet at www.fspreit.com. We routinely post information that may be important to investors in the Investor Relations section of our website. We encourage investors to consult that section of our website regularly for important information about us and, if they are interested in automatically receiving news and information as soon as it is posted, to sign up for E-mail Alerts.

About Franklin Street Properties Corp.

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes. To learn more about FSP please visit our website at www.fspreit.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210120005684/en/

FAQ

What is the significance of Franklin Street Properties Corp.'s tax composition announcement for 2020 distributions?

The announcement provides crucial information for shareholders to properly manage their tax obligations related to FSP's distributions.

How should shareholders of FSP handle the tax treatment of their distributions?

Shareholders are advised to consult with their personal tax advisors regarding the specific tax treatment of FSP distributions.

What type of information does the FSP press release contain regarding distributions?

The press release includes the breakdown of taxable and non-taxable components of the distributions for the year 2020.

How can investors find additional information related to FSP?

Investors can access more information about FSP on their official website and in the Investor Relations section.