Office Properties Income Trust Announces 2021 Dividend Allocations

Rhea-AI Summary

Office Properties Income Trust (Nasdaq: OPI) has announced the allocation of dividends for 2021 tax purposes. Each common share received a total dividend of $2.20, with $0.55 paid for each of the four quarters. These distributions include Ordinary Income and other classifications. Shareholders are advised to refer to IRS Form 1099-DIV for accurate tax reporting. OPI focuses on leasing office properties primarily to investment-grade tenants, generating 63% of its revenue from such entities.

Positive

• Total dividends per share for 2021 amount to $2.20.
• 63% of revenues derived from investment-grade rated tenants.

Negative

• None.

NEWTON, Mass.--(BUSINESS WIRE)-- Office Properties Income Trust (Nasdaq: OPI) today announced that the characterization of dividends for 2021 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
01/14/21	01/25/21	02/18/21	$0.55	$0.55	$0.55		$0.00	$0.00	$0.00	$0.00
04/15/21	04/26/21	05/20/21	$0.55	$0.55	$0.55		$0.00	$0.00	$0.00	$0.00
07/15/21	07/26/21	08/19/21	$0.55	$0.55	$0.55		$0.00	$0.00	$0.00	$0.00
10/14/21	10/25/21	11/18/21	$0.55	$0.55	$0.55		$0.00	$0.00	$0.00	$0.00
		TOTALS:	$2.20	$2.20	$2.20		$0.00	$0.00	$0.00	$0.00

(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 (Nasdaq: OPI) is a national real estate investment trust, or REIT, focused on owning and leasing office properties primarily to single tenants and those with high credit quality characteristics. Approximately 63% of OPI’s revenues come from investment grade rated tenants. OPI owns and leases more than 170 properties, with over 23 million square feet located in 33 states and Washington, D.C. In 2021, OPI was named as an Energy Star® Partner of the Year for the fourth consecutive year, and a Green Lease Leader. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with more than $32 billion in assets under management and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. OPI is headquartered in Newton, MA. For more information, visit opireit.com.

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/20220118006155/en/

Kevin Barry, Director, Investor Relations

(617) 658-0776

Source: Office Properties Income Trust

FAQ

What is the total dividend amount per share for OPI in 2021?

The total dividend amount per share for Office Properties Income Trust (Nasdaq: OPI) in 2021 is $2.20.

When were the dividends paid for OPI in 2021?

The dividends for OPI in 2021 were paid quarterly, with amounts of $0.55 paid on January 14, April 15, July 15, and October 14.

What percentage of OPI's revenue comes from investment-grade tenants?

Approximately 63% of Office Properties Income Trust's (Nasdaq: OPI) revenue comes from investment-grade rated tenants.

What should shareholders look for in tax reporting for OPI dividends?

Shareholders should refer to IRS Form 1099-DIV for tax reporting details related to OPI dividends.

How are the dividends from OPI classified for tax purposes?

The dividends from Office Properties Income Trust (Nasdaq: OPI) are classified as Ordinary Income, with subsets including Section 199A dividends and Qualified Dividends.