Life Storage, Inc. Announces Tax Reporting Information for 2021 Distributions

Rhea-AI Summary

Life Storage, Inc. (NYSE:LSI), a prominent self-storage property operator, disclosed the tax allocations for its 2021 dividend distributions to shareholders. The total distribution per share is set at $3.08, with ordinary dividends of $0.74 and capital gains delineated for tax reporting on Form 1099-DIV. The company encourages shareholders to consult their tax advisors regarding their dividend treatment. Life Storage operates over 1,000 facilities across 35 states, serving more than 600,000 customers.

Positive

• Total dividend distribution per share is $3.08.
• Ordinary dividend allocation is $0.74 per share.
• Life Storage operates more than 1,000 facilities.

Negative

• None.

BUFFALO, N.Y.--(BUSINESS WIRE)-- Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, announced today the tax allocations of the Company’s 2021 dividend distributions on its common stock (CUSIP #53223X107). The allocations will be reported on Form 1099-DIV as follows:

Record Date		Payable Date		Total Distribution per Share			Ordinary Dividend (Box 1a)		Total Capital Gain (Box 2a)		Unrecaptured Section 1250 Gain(1) (Box 2b)		Section 897 Capital Gain(2) (Box 2f)		Section 199A Dividend(3) (Box 5)
1/15/2021		1/27/2021		$0.74	(4)		$0.720568		$0.019432		$0.002195		$0.019432		$0.720568
4/14/2021		4/26/2021		$0.74			$0.720568		$0.019432		$0.002195		$0.019432		$0.720568
7/14/2021		7/26/2021		$0.74			$0.720568		$0.019432		$0.002195		$0.019432		$0.720568
10/13/2021		10/26/2021		$0.86			$0.837416		$0.022584		$0.002550		$0.022584		$0.837416
				$3.08			$2.999120		$0.080880		$0.009135		$0.080880		$2.999120

(1)		Amounts in Box 2b are included in Box 2a.
(2)		Amounts in Box 2f are included in Box 2a.
(3)		Amounts in Box 5 are included in Box 1a.
(4)		Adjusted to reflect the January 2021 three-for-two stock split made in the form of a 50% stock dividend.

Stockholders are encouraged to consult their personal tax advisor with regard to their specific tax treatment of dividends.

ABOUT LIFE STORAGE, INC:

Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. Located in Buffalo, New York, the Company operates more than 1,000 storage facilities in 35 states. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to more than 600,000 customers, making it a leader in the industry. For more information visit http://invest.lifestorage.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220119005629/en/

Life Storage, Inc.

Alex Gress

716.295.6833

agress@lifestorage.com

Source: Life Storage, Inc.

FAQ

What is the total dividend distribution for Life Storage, Inc. for 2021?

The total dividend distribution per share for Life Storage, Inc. in 2021 is $3.08.

What is the ordinary dividend amount for Life Storage, Inc. in 2021?

The ordinary dividend amount for Life Storage, Inc. in 2021 is $0.74 per share.

How many storage facilities does Life Storage, Inc. operate?

Life Storage, Inc. operates over 1,000 storage facilities across 35 states.

What date was the record date for Life Storage, Inc.'s 2021 dividend?

The record date for Life Storage, Inc.'s 2021 dividend was January 15, 2021.

When is the payable date for Life Storage, Inc.'s 2021 dividends?

The payable date for Life Storage, Inc.'s 2021 dividends was January 27, 2021.