Independence Realty Trust Announces Tax Treatment of Dividends in 2023

Rhea-AI Summary

Independence Realty Trust, Inc. (IRT) (NYSE: IRT) has announced the tax status of 2023 dividend distributions on its common stock. The final income allocations as reported on Form 1099-DIV are detailed in the press release. The company encourages shareholders to consult with their tax advisors regarding the tax effects of these dividends.

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax status of 2023 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table:

Common Shares (CUSIP #45378A106)

Record Date	Payment Date	Distribution Per Share	Ordinary Dividend	Total Capital Gain Distr.	Unrecap- tured Sec. 1250 Gain	Section 897 Capital Gain	Return of Capital	Section 199A
3/31/23	4/21/23	$0.14000	$0.03647	$0.10353	$0.05599	$0.10353	$0.00000	$0.03647
6/30/23	7/21/23	$0.16000	$0.04168	$0.11832	$0.06399	$0.11832	$0.00000	$0.04168
9/29/23	10/20/23	$0.16000	$0.04168	$0.11832	$0.06399	$0.11832	$0.00000	$0.04168
12/29/23	1/19/24	$0.16000	$0.04168	$0.11832	$0.06399	$0.11832	$0.00000	$0.04168
Total		$0.62000	$0.16151	$0.45849	$0.24796	$0.45849	$0.00000	$0.16151

Pursuant to Treas. Reg. § 1.1061-6(c), IRT reports that for purposes of section 1061 of the Internal Revenue Code, the One Year Amounts Disclosure and the Three Year Amounts Disclosure are $0.00 on each payment date with respect to direct and indirect holders of “applicable partnership interests.”

IRT encourages shareholders to consult with their personal tax advisors with respect to the federal, state, and local income tax effects of these dividends.

About Independence Realty Trust, Inc.

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT’s investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation. More information may be found on the Company’s website www.irtliving.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240125769090/en/

Independence Realty Trust, Inc.

Edelman Smithfield

Lauren Torres

917-365-7979

IRT@edelman.com

Source: Independence Realty Trust, Inc.

FAQ

What is the ticker symbol for Independence Realty Trust, Inc.?

The ticker symbol for Independence Realty Trust, Inc. is IRT.

What is the tax status of the 2023 dividend distributions announced by IRT?

IRT has announced the tax status of the 2023 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are provided in the press release.

What are the payment dates and distribution per share for the 2023 dividend distributions by IRT?

The payment dates and distribution per share for the 2023 dividend distributions by IRT are as follows: 3/31/23 - $0.14000, 6/30/23 - $0.16000, 9/29/23 - $0.16000, 12/29/23 - $0.16000.

What is the total capital gain distribution for 2023 dividend distributions by IRT?

The total capital gain distribution for the 2023 dividend distributions by IRT is $0.45849.

What is the Section 199A amount for the 2023 dividend distributions by IRT?

The Section 199A amount for the 2023 dividend distributions by IRT is $0.16151.