Office Properties Income Trust Announces 2020 Dividend Allocations

Rhea-AI Summary

Office Properties Income Trust (Nasdaq: OPI) announced the characterization of its 2020 dividend distributions for tax reporting. Shareholders received a total dividend of $2.20 per share, with distributions classified into Ordinary Income, Section 199A Dividends, and Qualified Dividends. The dividends were declared on various dates throughout 2020 and are essential for shareholders' tax reporting, particularly via IRS Form 1099-DIV. OPI focuses on leasing properties to high-quality tenants, primarily single-tenant entities, ensuring stability for its income.

Positive

• Total dividend of $2.20 per share indicates stability and confidence in cash flow.
• Dividends classified as Ordinary Income, Section 199A, and Qualified Dividends, enhancing tax efficiency for shareholders.

Negative

• None.

Office Properties Income Trust (Nasdaq: OPI) today announced that the characterization of dividends for 2020 income tax reporting purposes is as follows:

Common Shares
											Dividend Allocation
											Per Share
										Section					Total		Unrecaptured
Declaration		Record		Paid/Payable		Dividends		Ordinary		199A			Qualified		Capital		Section 1250		Return of
Dates		Dates		Dates		Per Share		Income		Dividend(1)			Dividend(2)		Gain		Gain(3)		Capital
01/16/20		01/27/20		02/20/20		$0.5500		$0.5500		$0.5500			$0.0000		$0.0000		$0.0000		$0.0000
04/02/20		04/13/20		05/21/20		$0.5500		$0.5500		$0.5500			$0.0000		$0.0000		$0.0000		$0.0000
07/16/20		07/27/20		08/20/20		$0.5500		$0.5500		$0.5500			$0.0000		$0.0000		$0.0000		$0.0000
10/15/20		10/26/20		11/19/20		$0.5500		$0.5500		$0.5500			$0.0000		$0.0000		$0.0000		$0.0000
				TOTALS:		$2.2000		$2.2000		$2.2000			$0.0000		$0.0000		$0.0000		$0.0000

(1)		Section 199A Dividends are a subset of, and included in, the Ordinary Income amount.
(2)		Qualified Dividends are a subset of, and included in, the Ordinary Income amount.
(3)		Unrecaptured Section 1250 Gain is a subset of, and included in, the Total Capital Gain amount.

OPI’s common share CUSIP number is 67623C109. This information represents final income allocations.

Shareholders should look to IRS Form 1099-DIV for their tax reporting. This press release is not intended to replace the Form 1099-DIV.

Office Properties Income Trust is a REIT focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210119006016/en/

FAQ

What is the total dividend amount for OPI in 2020?

The total dividend amount for Office Properties Income Trust (OPI) in 2020 was $2.20 per share.

When were the 2020 dividends declared by OPI?

The dividends were declared on multiple dates throughout 2020, including January 16, April 2, July 16, and October 15.

How are the 2020 dividends characterized for tax purposes?

The 2020 dividends are characterized as Ordinary Income, Section 199A Dividends, and Qualified Dividends for tax reporting.

When should OPI shareholders refer to IRS Form 1099-DIV?

Shareholders should refer to IRS Form 1099-DIV for their tax reporting of the 2020 dividends.