Iron Mountain Incorporated Announces Tax Treatment of 2020 Distributions

Rhea-AI Summary

Iron Mountain (NYSE: IRM) announced the tax treatment for its 2020 distributions on common stock. The total distribution was $2.474 per share, divided into various categories including an Ordinary Taxable Dividend of $1.064356 and a Total Capital Gain Distribution of $1.225244. Shareholders should refer to IRS Form 1099-DIV for accurate reporting on tax returns. The press release highlights the different components of the distributions, emphasizing the importance of this information for tax filings.

Positive

• Total distribution of $2.474 per share reflects stable dividend policy.
• Diverse distribution components provide tax planning options for investors.

Negative

• None.

Iron Mountain Incorporated (NYSE: IRM), the global leader in storage and information management services, announced the tax treatment for all 2020 distributions on its common stock.

			Form 1099 Box 1a	Form 1099 Box 1b	Form 1099 Box 2a	Form 1099 Box 2b	Form 1099 Box 3	Form 1099 Box 5
		Total Distribution	Ordinary Taxable Dividend	Qualified Taxable Dividend(1)	Total Capital Gain Distribution	Unrecaptured Sec. 1250 Gain(2)	Return of Capital	Section 199A Dividend(1)
Record Date	Payment Date	($ per share)	($ per share)	($ per share)	($ per share)	($ per share)	($ per share)	($ per share)
Dec 16, 2019	Jan 2, 2020	$0.618500	$0.266089	$0.000094	$0.306311	$0.000073	$0.046100	$0.265995
Mar 16, 2020	Apr 6, 2020	$0.618500	$0.266089	$0.000094	$0.306311	$0.000073	$0.046100	$0.265995
Jun 15, 2020	Jul 2, 2020	$0.618500	$0.266089	$0.000094	$0.306311	$0.000073	$0.046100	$0.265995
Sep 15, 2020	Oct 2, 2020	$0.618500	$0.266089	$0.000094	$0.306311	$0.000073	$0.046100	$0.265995
Totals		$2.474000	$1.064356	$0.000376	$1.225244	$0.000292	$0.184400	$1.063980

(1) Qualified Taxable Dividend and Section 199A Dividend are subsets of, and included in, Ordinary Taxable Dividend.
(2) Unrecaptured Section 1250 Gain is a subset of, and included in, Total Capital Gain Distribution.

If you held common stock of Iron Mountain in your name at any time during 2020, an IRS Form 1099-DIV will be provided to you by Computershare, Iron Mountain's transfer agent. If you held shares in "street name" during 2020, the IRS form provided by your bank, brokerage firm or nominee may report only the gross distributions paid to you. Therefore, you may need the information included in this press release to properly complete your federal tax return.

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 treatment.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include secure records storage, information management, digital transformation, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working. Visit www.ironmountain.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210121005129/en/

FAQ

What is the total distribution amount for Iron Mountain in 2020?

The total distribution amount for Iron Mountain in 2020 was $2.474 per share.

When were the distributions for Iron Mountain paid in 2020?

Distributions for Iron Mountain in 2020 were paid on various dates including Jan 2, Apr 6, Jul 2, and Oct 2.

What is the ordinary taxable dividend amount for Iron Mountain's 2020 distributions?

The ordinary taxable dividend amount for Iron Mountain's 2020 distributions is $1.064356 per share.

How do I report Iron Mountain's distributions on my taxes?

If you held common stock of Iron Mountain, an IRS Form 1099-DIV will be provided, detailing the distribution amounts for tax reporting.

What tax treatment is applied to Iron Mountain's distributions?

Iron Mountain's distributions include ordinary taxable dividends, qualified taxable dividends, total capital gain distributions, and return of capital.