Office Properties Income Trust Announces 2023 Dividend Allocations

Rhea-AI Summary

Office Properties Income Trust (OPI) has announced the dividend allocation for 2023 income tax reporting purposes. The total dividend allocation per share for the year is $1.30, with specific amounts allocated to different types of dividends. Shareholders are advised to refer to IRS Form 1099-DIV for their tax reporting and to visit the OPI website for additional information regarding the effect on the tax basis of OPI shares.

NEWTON, Mass.--(BUSINESS WIRE)-- Office Properties Income Trust (Nasdaq: OPI) today announced that the characterization of dividends for 2023 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
01/12/23		01/23/23		02/16/23		$0.55		$0.0000		$0.0000			$0.0000		$0.0000		$0.0000		$0.5500
04/13/23		04/24/23		05/18/23		$0.25		$0.0000		$0.0000			$0.0000		$0.0000		$0.0000		$0.2500
07/13/23		07/24/23		08/17/23		$0.25		$0.0000		$0.0000			$0.0000		$0.0000		$0.0000		$0.2500
10/12/23		10/23/23		11/16/23		$0.25		$0.0000		$0.0000			$0.0000		$0.0000		$0.0000		$0.2500
				TOTALS:		$1.30		$0.0000		$0.0000			$0.0000		$0.0000		$0.0000		$1.3000

⁽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. For additional information regarding the effect on the tax basis of OPI shares, please see Form(s) 8937 published on the OPI website: https://www.opireit.com/investors/stock-information/default.aspx#distributions

About Office Properties Income Trust

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of September 30, 2023, approximately 64% of OPI's revenues were from investment grade rated tenants. OPI owned and leased 154 properties as of September 30, 2023, with approximately 20.7 million square feet located in 30 states and Washington, D.C. In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $36 billion in assets under management as of September 30, 2023, 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/20240116441009/en/

Kevin Barry, Senior Director, Investor Relations

(617) 219-1410

Source: Office Properties Income Trust

FAQ

What is the total dividend allocation per share for 2023 for Office Properties Income Trust (OPI)?

The total dividend allocation per share for 2023 for OPI is $1.30.

Where can shareholders find additional information regarding the effect on the tax basis of OPI shares?

Shareholders can find additional information regarding the effect on the tax basis of OPI shares on the OPI website at the following link: https://www.opireit.com/investors/stock-information/default.aspx#distributions

What is the CUSIP number for OPI's common shares?

OPI's common share CUSIP number is 67623C109.

What form should shareholders refer to for their tax reporting?

Shareholders should refer to IRS Form 1099-DIV for their tax reporting.