Independence Realty Trust Announces Tax Treatment of Dividends in 2022

Rhea-AI Summary

Independence Realty Trust, Inc. (IRT) provided tax reporting information for its 2022 dividend distributions on common stock. The dividends include a total payment of $0.12000 per share on April 22, 2022, $0.14000 per share on July 22, 2022, $0.14000 per share on October 21, 2022, and $0.14000 per share on January 20, 2023. Shareholders are encouraged to consult tax advisors regarding income tax implications of these dividends. IRT operates multifamily communities in several U.S. markets, focusing on high-quality, amenity-rich areas. For more details, visit IRT's website.

Positive

• Consistent dividend distribution with amounts ranging from $0.12000 to $0.14000 per share.
• Encouragement for shareholders to consult tax advisors could indicate investor support.

Negative

• None.

PHILADELPHIA--(BUSINESS WIRE)-- Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax reporting information for the 2022 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
4/1/22	4/22/22	$0.12000	$0.00111	$0.11889	$0.01853	$0.11889	$0.00000	$0.00111
7/1/22	7/22/22	$0.14000	$0.00130	$0.13870	$0.02161	$0.13870	$0.00000	$0.00130
9/30/22	10/21/22	$0.14000	$0.00130	$0.13870	$0.02161	$0.13870	$0.00000	$0.00130
12/30/22	1/20/23	$0.14000	$0.00130	$0.13870	$0.02161	$0.13870	$0.00000	$0.00130

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 Memphis, TN. 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/20230127005035/en/

Independence Realty Trust, Inc.

Edelman Smithfield

Ted McHugh and Lauren Torres

917-365-7979

IRT@edelman.com

Source: Independence Realty Trust, Inc.

FAQ

What are the dividend distributions for IRT in 2022?

IRT's dividends for 2022 included $0.12000 per share in April, $0.14000 in July, October, and January 2023.

When is the payment date for IRT's dividends?

The payment dates for IRT's dividends were April 22, July 22, October 21, 2022, and January 20, 2023.

How should shareholders report IRT dividends for tax purposes?

Shareholders should consult with their tax advisors regarding the reporting of IRT dividends on their taxes.

What is the total capital gain distribution for IRT's 2022 dividends?

The total capital gain distribution for IRT's dividends in 2022 was primarily $0.13870 per share for each payment.

Do IRT dividends affect personal income tax?

Yes, the dividends received from IRT can have tax implications; it is advisable to consult tax advisors.