NewLake Capital Partners Announces Tax Characteristics of 2024 Dividends
NewLake Capital Partners (OTCQX: NLCP) has disclosed the tax characteristics of its 2024 dividend distributions. The company distributed a total of $1.70 per share across four quarterly payments, with the following breakdown:
- $1.47 per share classified as Section 199A dividends (included in ordinary dividends)
- $0.23 per share classified as return of capital
- No qualified dividends or capital gains distributions
The quarterly distributions were:
- Q1: $0.41 per share (paid April 15)
- Q2: $0.43 per share (paid July 15)
- Q3: $0.43 per share (paid October 15)
- Q4: $0.43 per share (paid January 15, 2025, but taxable in 2024)
NewLake Capital Partners (OTCQX: NLCP) ha divulgato le caratteristiche fiscali delle sue distribuzioni di dividendi per il 2024. La società ha distribuito un totale di $1.70 per azione attraverso quattro pagamenti trimestrali, con la seguente ripartizione:
- $1.47 per azione classificati come dividendi ai sensi della Sezione 199A (inclusi nei dividendi ordinari)
- $0.23 per azione classificati come rimborso di capitale
- Nessun dividendo qualificato o distribuzioni di guadagni in capitale
Le distribuzioni trimestrali sono state:
- Q1: $0.41 per azione (pagato il 15 aprile)
- Q2: $0.43 per azione (pagato il 15 luglio)
- Q3: $0.43 per azione (pagato il 15 ottobre)
- Q4: $0.43 per azione (pagato il 15 gennaio 2025, ma tassabile nel 2024)
NewLake Capital Partners (OTCQX: NLCP) ha revelado las características fiscales de sus distribuciones de dividendos para 2024. La compañía distribuyó un total de $1.70 por acción a través de cuatro pagos trimestrales, con la siguiente desglose:
- $1.47 por acción clasificados como dividendos de la Sección 199A (incluidos en los dividendos ordinarios)
- $0.23 por acción clasificados como retorno de capital
- Ningún dividendo calificado o distribución de ganancias de capital
Las distribuciones trimestrales fueron:
- Q1: $0.41 por acción (pagado el 15 de abril)
- Q2: $0.43 por acción (pagado el 15 de julio)
- Q3: $0.43 por acción (pagado el 15 de octubre)
- Q4: $0.43 por acción (pagado el 15 de enero de 2025, pero imponible en 2024)
NewLake Capital Partners (OTCQX: NLCP)는 2024년 배당금 분배의 세금 특성을 공개했습니다. 회사는 총 주당 $1.70을 네 번의 분기 지불로 분배했습니다. 다음은 그 세부 사항입니다:
- 주당 $1.47이 섹션 199A 배당금으로 분류됨 (일반 배당금에 포함)
- 주당 $0.23은 자본 반환으로 분류됨
- 자격 있는 배당금 또는 자본 이득 분배 없음
분기별 배당금은 다음과 같습니다:
- 1분기: 주당 $0.41 (4월 15일 지급)
- 2분기: 주당 $0.43 (7월 15일 지급)
- 3분기: 주당 $0.43 (10월 15일 지급)
- 4분기: 주당 $0.43 (2025년 1월 15일 지급, 하지만 2024년에 과세됨)
NewLake Capital Partners (OTCQX: NLCP) a divulgué les caractéristiques fiscales de ses distributions de dividendes pour 2024. L'entreprise a distribué un total de 1,70 $ par action à travers quatre paiements trimestriels, avec la répartition suivante :
- 1,47 $ par action classés comme dividendes conformément à la Section 199A (inclus dans les dividendes ordinaires)
- 0,23 $ par action classés comme remboursement de capital
- Aucun dividende qualifié ou distribution de gains en capital
Les distributions trimestrielles étaient :
- T1 : 0,41 $ par action (versé le 15 avril)
- T2 : 0,43 $ par action (versé le 15 juillet)
- T3 : 0,43 $ par action (versé le 15 octobre)
- T4 : 0,43 $ par action (versé le 15 janvier 2025, mais imposable en 2024)
NewLake Capital Partners (OTCQX: NLCP) hat die steuerlichen Merkmale seiner Dividendenverteilungen für 2024 bekannt gegeben. Das Unternehmen hat insgesamt 1,70 $ pro Aktie auf vier vierteljährliche Zahlungen verteilt, mit folgender Aufschlüsselung:
- 1,47 $ pro Aktie, klassifiziert als Dividenden gemäß Abschnitt 199A (in den ordentlichen Dividenden enthalten)
- 0,23 $ pro Aktie, klassifiziert als Kapitalrückzahlung
- Keine qualifizierten Dividenden oder Kapitalgewinnausschüttungen
Die vierteljährlichen Verteilungen waren:
- Q1: 0,41 $ pro Aktie (am 15. April ausgezahlt)
- Q2: 0,43 $ pro Aktie (am 15. Juli ausgezahlt)
- Q3: 0,43 $ pro Aktie (am 15. Oktober ausgezahlt)
- Q4: 0,43 $ pro Aktie (am 15. Januar 2025 ausgezahlt, aber steuerpflichtig in 2024)
- Consistent quarterly dividend payments throughout 2024
- Dividend increased from $0.41 to $0.43 per share during the year
- Total annual dividend distribution of $1.70 per share
- None.
NEW CANAAN, Conn., Jan. 29, 2025 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced the tax treatment of its common stock dividends declared in 2024.
The information below is provided to assist the Company’s stockholders with tax reporting requirements related to the dividend distribution of taxable income by the Company. Stockholders should receive IRS Form 1099-DIV containing this information from their brokers, transfer agents or other institutions. These tax statements should be reviewed to ensure that they agree with the information provided below.
Tax Treatment of Distributions
The Federal Income Tax classification of the 2024 dividend distributions on the Company’s common stock, as it is expected to be reported on Form 1099-DIV, is set forth in the following table:
| Record Date | Payment Date | Distribution Rate per Share | Total Ordinary Dividends | Qualified Dividends | Total Capital Gains Distributions | Section 199A Dividends (2) | Total Return of Capital | ||||
| 3/29/2024 | 4/15/2024 | - | - | ||||||||
| 6/28/2024 | 7/15/2024 | - | - | ||||||||
| 9/30/2024 | 10/15/2024 | - | - | ||||||||
| 12/31/2024 | 1/15/2025(1) | - | - | ||||||||
| Total | $1.70 | $1.47 | - | - | $1.47 | $0.23 | |||||
- The cash distributions made on January 15, 2025, with a record date of December 31, 2024, are treated as income and taxable in calendar year 2024.
- Section 199A dividends are a subset of, and included in, the ordinary dividends amount.
Consult Your Tax Advisor
Stockholders may have additional reporting obligations to the Internal Revenue Service and/or other tax authorities.
The U.S. federal income tax treatment of the Company’s common stock to any stockholder will depend on the stockholder’s particular circumstances. You are urged to consult your tax advisor regarding the U.S. federal, state, local and foreign income, and other tax consequences to you, in light of your particular investment or tax circumstances, of acquiring, holding and disposing of the Company’s common stock.
The Company does not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used and cannot be used for the purpose of avoiding U.S., federal, state or local tax penalties. Please consult your advisor as to any tax, accounting or legal statements made herein.
About NewLake Capital Partners, Inc.
NewLake Capital Partners, Inc. is an internally managed real estate investment trust (“REIT”) that provides real estate capital to state-licensed cannabis operators through long-term, single-tenant triple net sale-leaseback and build-to-suit transactions. NewLake owns a portfolio of 32 properties comprised of 15 cultivation facilities and 17 dispensaries. For more information, please visit www.newlake.com.
Forward-Looking Statements
This press release contains “forward-looking statements.” Forward-looking statements can be identified by words like “may,” “will,” “likely,” “should,” “expect,” “anticipate,” “future,” “plan,” “believe,” “intend,” “goal,” “project,” “continue” and similar expressions. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs and expectations. Forward-looking statements, including statements regarding the timing of settlement and the use of proceeds of the initial public offering, are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, changes in the condition of the U.S. economy and, in particular, the U.S. real estate market.
Contact Information:
Lisa Meyer
Chief Financial Officer, Treasurer and Secretary NewLake Capital Partners, Inc.
lmeyer@newlake.com
Investor Contact:
Valter Pinto, Managing Director
KCSA Strategic Communications
NewLake@KCSA.com
PH: (212) 896-1254
Media Contact:
Ellen Mellody
KCSA Strategic Communications
EMellody@KCSA.com
PH: (570) 209-2947
FAQ
What is the total dividend amount NLCP paid in 2024?
How are NLCP's 2024 dividends classified for tax purposes?
When did NLCP increase its dividend payment in 2024?
Is NLCP's January 2025 dividend payment taxable in 2024?
What portion of NLCP's 2024 dividends qualifies as return of capital?
