Industrial Logistics Properties Trust Announces 2020 Dividend Allocation

Rhea-AI Summary

Industrial Logistics Properties Trust (Nasdaq: ILPT) announced the income tax characterization of dividends for 2020. The total dividend per share for the year is $1.32. Key details include: $0.33 paid on January 16, 2020, April 6, 2020, July 16, 2020, and October 15, 2020. Shareholders should reference IRS Form 1099-DIV for tax reporting purposes. This information, which outlines final income allocations, is intended for tax reporting clarity.

Positive

• Total dividend per share for 2020 is $1.32, affirming a consistent income stream for shareholders.
• Substantial allocations in ordinary income amounting to $0.9372 per share enhance tax efficiency for investors.

Negative

• None.

Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that the characterization of dividends for 2020 income tax reporting purposes is as follows:

Common Shares
										Dividend Allocation
										Per Share
									Section					Total		Unrecaptured
Declaration		Record		Paid/Payable		Dividends		Ordinary	199A			Qualified		Capital		Section 1250		Return of
Dates		Dates		Dates		Per Share		Income	Dividend(1)			Dividend(2)		Gain		Gain(3)		Capital
01/16/20		01/27/20		02/20/20		$0.33		$0.2343	$0.2343			$0.0000		$0.0957		$0.0202		$0.0000
04/06/20		04/16/20		05/21/20		$0.33		$0.2343	$0.2343			$0.0000		$0.0957		$0.0202		$0.0000
07/16/20		07/27/20		08/20/20		$0.33		$0.2343	$0.2343			$0.0000		$0.0957		$0.0202		$0.0000
10/15/20		10/26/20		11/19/20		$0.33		$0.2343	$0.2343			$0.0000		$0.0957		$0.0202		$0.0000
				TOTALS:		$1.32		$0.9372	$0.9372			$0.0000		$0.3828		$0.0808		$0.0000

(1) Section 199A Dividends are a subset of, and included in, the Ordinary Income amount.
(2) Qualified Dividends are a subset of, and included in, the Ordinary Income amount.
(3) Unrecaptured Section 1250 Gain is a subset of, and included in, the Total Capital Gain amount.

ILPT’s common share CUSIP number is 456237106. This information represents final income allocations.

Shareholders should look to IRS Form 1099-DIV for their tax reporting. This press release is not intended to replace the Form 1099-DIV.

Industrial Logistics Properties Trust is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States. ILPT is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210119005948/en/

FAQ

What is the total dividend per share for ILPT in 2020?

The total dividend per share for Industrial Logistics Properties Trust (ILPT) in 2020 is $1.32.

What are the key dividend payment dates for ILPT in 2020?

Key dividend payment dates for ILPT in 2020 are January 16, April 6, July 16, and October 15.

How should shareholders report ILPT dividends for tax purposes?

Shareholders should refer to IRS Form 1099-DIV for reporting ILPT dividends for tax purposes.

What portion of ILPT's dividend is classified as ordinary income?

ILPT's dividend allocation includes $0.9372 per share classified as ordinary income.