MONMOUTH REAL ESTATE ANNOUNCES TAX TREATMENT FOR 2020 DISTRIBUTIONS
Monmouth Real Estate Investment Corporation (NYSE:MNR) announced the tax treatment of its 2020 cash distributions for shareholders. For common shares, a total distribution of $0.680 per share was made, comprising 36.41% non-qualifying ordinary income and 63.59% return of capital. Preferred shares had a total distribution of $1.531252, fully qualifying as non-qualifying ordinary income. The company encourages shareholders to consult tax advisors for specific treatment. Monmouth specializes in net-leased industrial properties, maintaining an occupancy rate of 99.7% across its portfolio of 121 properties.
- Total cash distribution of $0.680 per common share in 2020.
- 99.7% occupancy rate across 121 properties.
- None.
HOLMDEL, NJ, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the tax treatment of its 2020 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of Monmouth’s common and preferred shares during the calendar year ended December 31, 2020.
Common - CUSIP 609720107
| Shown as Dollars ($) | ||||||
| Payment Date | Distributions Paid Per Share | Non-Qualifying Ord. Income (1a) | Total Long-Term Capital Gain (2a) | Unrecap Sec 1250 Gain (2b) | Return of Capital (3) | Section 199A Dividends (5) |
| 3/16/2020 | ||||||
| 6/15/2020 | ||||||
| 9/15/2020 | ||||||
| 12/15/2020 | ||||||
| TOTAL | ||||||
| Shown as a Percentage (%) | ||||||
| Payment Date | Distributions Paid Per Share | Non-Qualifying Ord. Income (1a) | Total Long-Term Capital Gain (2a) | Unrecap Sec 1250 Gain (2b) | Return of Capital (3) | Section 199A Dividends (5) |
| 3/16/2020 | ||||||
| 6/15/2020 | ||||||
| 9/15/2020 | ||||||
| 12/15/2020 | ||||||
| TOTAL | ||||||
| Shown as Dollars ($) | ||||||
| Payment Date | Distributions Paid Per Share | Non-Qualifying Ord. Income (1a) | Total Long-Term Capital Gain (2a) | Unrecap Sec 1250 Gain (2b) | Return of Capital (3) | Section 199A Dividends (5) |
| 3/16/2020 | ||||||
| 6/15/2020 | ||||||
| 9/15/2020 | ||||||
| 12/15/2020 | ||||||
| TOTAL | ||||||
| Shown as a Percentage (%) | ||||||
| Payment Date | Distributions Paid Per Share | Non-Qualifying Ord. Income (1a) | Total Long-Term Capital Gain (2a) | Unrecap Sec 1250 Gain (2b) | Return of Capital (3) | Section 199A Dividends (5) |
| 3/16/2020 | | |||||
| 6/15/2020 | | |||||
| 9/15/2020 | | |||||
| 12/15/2020 | | |||||
| TOTAL | | |||||
NOTE: Unrecaptured Section 1250 Gain (Box 2b) is a subset of, and is included in, the Total Capital Gain Distributions reported in Box 2a.
Section 199A Dividends (Box 5) is a subset of, and is included in, the Total Ordinary Dividends reported in Box 1a.
DIVIDEND REINVESTMENT PLAN DISCOUNTS - Common – CUSIP 609720107
| Payment Date | Fair Market Value | Discount Price | Discount on D/R |
| 1/15/2020 | $ 14.57 | $ 13.84 | $ 0.73 |
| 2/18/2020 | $ 14.97 | $ 14.25 | $ 0.72 |
| 3/16/2020 | $ 11.20 | $ 11.20 | $ 0.00 |
| 4/15/2020 | $ 12.22 | $ 11.81 | $ 0.41 |
| 5/15/2020 | $ 11.48 | $ 11.12 | $ 0.36 |
| 6/15/2020 | $ 13.73 | $ 13.04 | $ 0.69 |
| 7/15/2020 | $ 14.20 | $ 13.49 | $ 0.71 |
| 8/17/2020 | $ 14.60 | $ 14.08 | $ 0.52 |
| 9/15/2020 | $ 14.33 | $ 13.62 | $ 0.71 |
| 10/15/2020 | $ 14.34 | $ 13.70 | $ 0.64 |
| 11/16/2020 | $ 14.78 | $ 14.04 | $ 0.74 |
| 12/15/2020 | $ 16.50 | $ 15.68 | $ 0.82 |
Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from the Company.
Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. The Company specializes in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate Investment Corporation is a fully integrated and self-managed real estate company, whose property portfolio consists of 121 properties containing a total of approximately 24.5 million rentable square feet, geographically diversified across 31 states. The Company’s occupancy rate as of this date is
Contact: Becky Coleridge
732-577-9996
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