InvenTrust Properties Corp. Announces Tax Reporting Information For 2022 Distributions

Rhea-AI Summary

InvenTrust Properties Corp. (NYSE: IVT) has announced tax reporting details for its 2022 distributions. In total, the company paid approximately $55.3 million in distributions, with about 93% classified as ordinary dividends and 7% as non-dividend distributions. Key distribution details include $0.2052 per share for four quarterly dividends paid between January and October 2022, while some distributions, such as December 2022's dividend, will be reported in 2023. Investors should consult their advisors regarding tax implications based on individual circumstances.

Positive

• Total distributions paid for 2022 reached approximately $55.3 million.
• 93% of the distributions will be treated as ordinary dividends.

Negative

• 7% of the distributions are classified as non-dividend distributions.

DOWNERS GROVE, III.--(BUSINESS WIRE)-- InvenTrust Properties Corp. (“InvenTrust” or the “Company”) (NYSE: IVT) today announced the tax reporting information for the 2022 distributions on its common stock. The tax reporting information as it will be reported on the Form 1099-DIV, on a per share basis, is as follows:

Record Date		Distribution Payable Date		Total Distribution Per Share		Ordinary Dividend Per Share		Return of Capital Per Share		Qualified Dividend Per Share		Sec. 199A Dividend Per Share		Sec. 897 Ordinary Dividend Per Share
12/30/2021		1/14/2022		$ 0.205200		$ 0.191321		$ 0.013879		-		$ 0.191321		$ 0.006489
3/31/2022		4/15/2022		$ 0.205200		$ 0.191321		$ 0.013879		-		$ 0.191321		$ 0.006489
6/30/2022		7/15/2022		$ 0.205200		$ 0.191321		$ 0.013879				$ 0.191321		$ 0.006489
9/30/2022		10/14/2022		$ 0.205200		$ 0.191321		$ 0.013879		-		$ 0.191321		$ 0.006489
				$ 0.820800		$ 0.765284		$ 0.055516		-		$ 0.765284		$ 0.025956

For the year ended December 31, 2022, InvenTrust paid distributions of approximately $55.3 million. For income tax purposes only, approximately 93% of the distributions paid in 2022 will be treated as ordinary dividends and approximately 7% will be treated as non-dividend distributions. The December 2022 dividend declared, with a record date of December 29, 2022 and payment date of January 13, 2023, will be reported in 2023, and not reflected in the 2022 tax allocation.

The information in this document represents the Company’s understanding of the U.S. federal income tax laws and regulations and does not constitute tax advice. It does not purport to be complete or to describe the consequences that may apply to particular categories of stockholders. Each stockholder is urged to consult their advisor as to the specific tax consequences of distributions to such stockholder, including the effect of any state, local, or non-U.S. tax laws, and of changes in applicable tax laws.

About InvenTrust Properties Corp.

InvenTrust Properties Corp. (“we,” the “Company,” “our,” “us,” "IVT" or "InvenTrust") is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component. We pursue our business strategy by acquiring retail properties in Sun Belt markets, opportunistically disposing of retail properties, maintaining a flexible capital structure, and enhancing environmental, social and governance ("ESG") practices and standards. A trusted, local operator bringing real estate expertise to its tenant relationships, IVT has built a strong reputation with market participants across its portfolio. IVT is committed to leadership in ESG practices and has been a Global Real Estate Sustainability Benchmark (“GRESB”) member since 2013. As of September 30, 2022, the Company is an owner and manager of 62 retail properties, representing 10.5 million square feet of retail space. For more information, please visit www.inventrustproperties.com.

Availability of Information on InvenTrust Properties Corp.'s Website and Social Media Channels

Investors and others should note that InvenTrust routinely announces material information to investors and the marketplace using U.S. Securities and Exchange Commission filings, press releases, public conference calls, webcasts and the InvenTrust investor relations website. The Company uses these channels as well as social media channels (e.g., the InvenTrust Twitter account (twitter.com/inventrustprop); and the InvenTrust LinkedIn account (linkedin.com/company/inventrustproperties) as a means of disclosing information about the Company's business to our colleagues, investors, and the public. While not all of the information that the Company posts to the InvenTrust investor relations website or on the Company’s social media channels is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in InvenTrust to review the information that it shares on www.inventrustproperties.com/investor-relations and on the Company’s social media channels.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005784/en/

Dan Lombardo

Vice President of Investor Relations

630-570-0605

dan.lombardo@inventrustproperties.com

Source: InvenTrust Properties Corp.

FAQ

What are the tax implications of InvenTrust's 2022 distributions for IVT shareholders?

Approximately 93% of InvenTrust's 2022 distributions are classified as ordinary dividends, while 7% are considered non-dividend distributions.

How much did InvenTrust Properties Corp. pay in total distributions for 2022?

InvenTrust Properties Corp. paid approximately $55.3 million in total distributions for the year 2022.

When will the December 2022 dividend be reported for IVT?

The December 2022 dividend will be reported in 2023, not included in the 2022 tax allocation.

What was the per share distribution amount for InvenTrust in 2022?

The company paid a per share distribution amount of $0.2052 for each of the four quarterly dividends in 2022.