Independence Realty Trust Announces Tax Treatment of Dividends in 2021

Rhea-AI Summary

Independence Realty Trust, Inc. (IRT) announced tax reporting information for its 2021 dividend distributions. Shareholders will receive four quarterly dividends of $0.12000 per share and a final dividend of $0.09913 and $0.02087 payable in January 2022. The record dates for these dividends span from December 30, 2021, to October 1, 2021, while payment dates range from January 14, 2022, to January 21, 2022. IRT urges shareholders to consult personal tax advisors regarding tax implications of these dividends.

Positive

• Consistent quarterly dividend distribution of $0.12000 per share reflects confidence in cash flow.
• Final dividend distribution of $0.09913 and $0.02087 indicates good financial health.

Negative

• None.

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax reporting information for the 2021 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
12/30/20	1/22/21	$0.12000	$0.00000	$0.12000	$0.01903	$0.12000	$0.00000	$0.00000
4/2/21	4/23/21	$0.12000	$0.00000	$0.12000	$0.01903	$0.12000	$0.00000	$0.00000
7/2/21	7/23/21	$0.12000	$0.00000	$0.12000	$0.01903	$0.12000	$0.00000	$0.00000
10/1/21	10/22/21	$0.12000	$0.00000	$0.12000	$0.01903	$0.12000	$0.00000	$0.00000
12/15/21	1/14/22	$0.09913	$0.00000	$0.09913	$0.01572	$0.09913	$0.00000	$0.00000
12/30/21	1/21/22	$0.02087	$0.00000	$0.02087	$0.00331	$0.02087	$0.00000	$0.00000

Pursuant to Treas. Reg. § 1.1061-6(c), the Company 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 (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties in 122 communities across non-gateway U.S. markets, including Atlanta, Dallas, Columbus, Louisville, Denver, Indianapolis, Oklahoma City, Houston, Raleigh and Memphis. IRT’s investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return of 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/20220127005972/en/

Independence Realty Trust, Inc.

Edelman Financial Communications & Capital Markets

Ted McHugh and Lauren Torres

917-365-7979

IRT@edelman.com

Source: Independence Realty Trust, Inc.

FAQ

What is the dividend amount for Independence Realty Trust (IRT) in 2021?

IRT announced a quarterly dividend of $0.12000 per share for 2021.

When is the payment date for the IRT dividend?

The payment dates for the IRT dividends range between January 14, 2022, and January 21, 2022.

What are the tax implications of the IRT dividends?

Shareholders are advised to consult personal tax advisors for the federal, state, and local income tax effects of the dividends.

How frequently does IRT pay dividends?

Independence Realty Trust pays dividends quarterly.