Piedmont Office Realty Trust Announces Tax Treatment of 2023 Dividends

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Piedmont Office Realty Trust (NYSE: PDM) has announced the tax treatment of its 2023 common stock dividends. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Piedmont dividends. The record date, paid date, dividend per share, ordinary dividends, capital gains, unrecaptured Section 1250 qualified dividend, and Section 199A dividend rate for each dividend payment in 2023 are provided. All of the $0.125 per share distribution paid on January 2, 2024, will be taxable to stockholders in 2024.

Atlanta, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust (NYSE: PDM) (“Piedmont”), a real estate investment trust (REIT), announced today the tax treatment of its 2023 common stock dividends as described below. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Piedmont dividends.

Record Date	Paid Date	Dividend per Share		Ordinary Dividends		Capital Gains		Unrecaptured Section 1250		Qualified Dividend	Section 199A Dividend Rate
Nov 25, 2022	Jan 3, 2023	$	0.21	$	0.132772	$	0.004377	$	0.004377	-	$	0.132772
Feb 24, 2023	Mar 17, 2023	$	0.21	$	0. 132772	$	0.004377	$	0.004377	-	$	0. 132772
May 26, 2023	Jun 16, 2023	$	0.21	$	0. 132772	$	0.004377	$	0.004377	-	$	0. 132772
Aug 25, 2023	Sep 15, 2023	$	0.125	$	0. 079030	$	0.002606	$	0.002606	-	$	0. 079030
Nov 24, 2023	Jan 2, 2024	$	0.125*	N/A		N/A		N/A		N/A	N/A

* All of the $0.125 per share distribution paid on January 2, 2024 will be taxable to stockholders in 2024.

About Piedmont Office Realty Trust

Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in the Sunbelt. Its approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB-) and Moody’s (Baa3). Piedmont is a 2023 ENERGY STAR Partner of the Year. For more information, see www.piedmontreit.com.

Shareholder Services/Transfer Agent Services Contact:
Computershare, Inc.
866-354-3485
investor.services@piedmontreit.com

FAQ

What is the ticker symbol for Piedmont Office Realty Trust?

The ticker symbol for Piedmont Office Realty Trust is PDM.

What is the tax treatment of Piedmont's 2023 common stock dividends?

Piedmont has announced the tax treatment of its 2023 common stock dividends, including the record date, paid date, dividend per share, ordinary dividends, capital gains, unrecaptured Section 1250 qualified dividend, and Section 199A dividend rate for each dividend payment in 2023.

How much was the distribution per share on January 2, 2024?

The distribution per share on January 2, 2024, was $0.125, and it will be taxable to stockholders in 2024.

What should stockholders do regarding the tax treatment of Piedmont dividends?

Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Piedmont dividends.