Office Properties Income Trust Announces 2024 Dividend Allocations

Rhea-AI Summary

Office Properties Income Trust (Nasdaq: OPI) has announced its dividend allocations for 2024 tax reporting purposes. The company will distribute four quarterly dividends of $0.01 per share, totaling $0.04 per share for the year. The payments are scheduled for:

- February 15, 2024
- May 16, 2024
- August 15, 2024
- November 14, 2024

All dividends are classified as Return of Capital for tax purposes, with no allocation to ordinary income, qualified dividends, or capital gains. Shareholders are advised to refer to IRS Form 1099-DIV for their tax reporting.

Positive

• 100% of dividends classified as Return of Capital, which may have favorable tax implications for shareholders
• Consistent quarterly dividend schedule established for the entire year

Negative

• Low dividend amount of only $0.01 per share quarterly ($0.04 annually)
• No ordinary income or qualified dividend components, indicating possible earnings challenges

NEWTON, Mass.--(BUSINESS WIRE)-- Office Properties Income Trust (Nasdaq: OPI) today announced that the characterization of dividends for 2024 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
01/11/24		01/22/24		02/15/24		$0.01		$0.0000		$0.0000		$0.0000		$0.0000		$0.0000		$0.0100
04/11/24		04/22/24		05/16/24		$0.01		$0.0000		$0.0000		$0.0000		$0.0000		$0.0000		$0.0100
07/11/24		07/22/24		08/15/24		$0.01		$0.0000		$0.0000		$0.0000		$0.0000		$0.0000		$0.0100
10/16/24		10/28/24		11/14/24		$0.01		$0.0000		$0.0000		$0.0000		$0.0000		$0.0000		$0.0100
				TOTALS:		$0.04		$0.0000		$0.0000		$0.0000		$0.0000		$0.0000		$0.0400

(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 office properties to high credit quality tenants in markets throughout the United States. As of September 30, 2024, approximately 59% of OPI's revenues were from investment grade rated tenants. OPI owned 145 properties as of September 30, 2024, with approximately 19.5 million square feet located in 30 states and Washington, D.C. In 2024, OPI was named as an Energy Star® Partner of the Year for the seventh consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with nearly $41 billion in assets under management as of September 30, 2024, 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/20250121108219/en/

Kevin Barry

(617) 219-1410

Source: Office Properties Income Trust

FAQ

What is OPI's dividend payment schedule for 2024?

OPI will pay quarterly dividends of $0.01 per share on February 15, May 16, August 15, and November 14, 2024.

How are OPI's 2024 dividends classified for tax purposes?

100% of OPI's 2024 dividends are classified as Return of Capital, with no allocation to ordinary income, qualified dividends, or capital gains.

What is the total annual dividend per share for OPI in 2024?

The total annual dividend for OPI in 2024 is $0.04 per share, paid in four quarterly installments of $0.01 each.

How should OPI shareholders report these dividends for tax purposes?

Shareholders should refer to IRS Form 1099-DIV for tax reporting purposes, and can consult Form 8937 on OPI's website for information about tax basis effects.