Plymouth Industrial REIT Announces Tax Treatment of 2021 Dividends

Rhea-AI Summary

Plymouth Industrial REIT (NYSE: PLYM) announced the tax treatment for its 2021 dividends, providing essential details for common stockholders. Notable dividends include a total cash distribution of $0.82 per share for 2021, with ordinary dividends totaling $0.812788 per share and a return of capital of $0.007212 per share. Preferred stockholders received a cash distribution of $1.8750 per share. Stockholders are encouraged to consult tax advisors regarding the implications of these dividends, with more information available on their website.

Positive

• 2021 total cash distribution of $0.82 per share for common stockholders.
• Ordinary dividend totaling $0.812788 per share enhances shareholder returns.
• Preferred stockholders received a substantial cash distribution of $1.8750 per share.

Negative

• None.

BOSTON--(BUSINESS WIRE)-- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced the tax treatment of its 2021 dividends to common stockholders. The following table summarizes Plymouth Industrial REIT’s dividends to stockholders of Common Stock CUSIP #729640102 traded on the NYSE under ticker symbol “PLYM” for the tax year ended December 31, 2021:

Record Date	Payment Date	2021 Total Cash Distribution Per Share	Total Distribution Allocable to 2021	2021 Ordinary Dividend Per Share	2021 Return of Capital Per Share
December 31, 2020	January 29, 2021	$0.20	$0.20	$0.198241	$0.001759
March 31, 2021	April 30, 2021	$0.20	$0.20	$0.198241	$0.001759
June 30, 2021	July 30, 2021	$0.21	$0.21	$0.208153	$0.001847
September 30, 2021	October 29, 2021	$0.21	$0.21	$0.208153	$0.001847
		$0.82	$0.82	$0.812788	$0.007212

The income tax treatment for the 2021 distributions for Plymouth Industrial REIT’s 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM-PrA) CUSIP #729640201 is as follows:

Record Date	Payment Date	2021 Total Cash Distribution Per Share	Total Distribution Allocable to 2021	2021 Ordinary Dividend Per Share	2021 Return of Capital Per Share
March 15, 2021	March 31, 2021	$0.46875	$0.46875	$0.46875	$0.00000
June 15, 2021	June 30, 2021	$0.46875	$0.46875	$0.46875	$0.00000
September 15, 2021	September 30, 2021	$0.46875	$0.46875	$0.46875	$0.00000
December 15, 2021	December 31, 2021	$0.46875	$0.46875	$0.46875	$0.00000
		$1.8750	$1.8750	$1.8750	$0.00000

In accordance with IRS Code Section 6045B, Plymouth Industrial REIT has posted Form 8937, Report of Organizational Actions Affecting Basis of Securities, which may be found on the Company’s website at www.plymouthreit.com. Plymouth encourages stockholders to consult with their own tax advisors with respect to the federal, state and local, and foreign income tax effects of these dividends.

About Plymouth

Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a real estate investment trust focused on the acquisition, ownership and management of single and multi-tenant industrial properties, including distribution centers, warehouses, light industrial and small bay industrial properties, located in primary and secondary markets within the main industrial, distribution and logistics corridors of the United States.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220118005550/en/

Tripp Sullivan

SCR Partners

(615) 942-7077

TSullivan@scr-ir.com

Source: Plymouth Industrial REIT, Inc.

FAQ

What are the dividend details for Plymouth Industrial REIT (PLYM) for 2021?

Plymouth Industrial REIT distributed a total cash amount of $0.82 per share for 2021, with an ordinary dividend of $0.812788 and a return of capital of $0.007212.

When were the dividends for PLYM paid in 2021?

The dividends for 2021 were paid on various dates including January 29, April 30, July 30, and October 29.

What is the tax treatment of the 2021 dividends for PLYM?

The tax treatment for 2021 dividends includes ordinary dividends and returns of capital, as detailed in Form 8937 available on Plymouth's website.

How often does Plymouth Industrial REIT (PLYM) pay dividends?

Plymouth Industrial REIT typically pays dividends quarterly, with specific amounts announced for each period.

What should PLYM stockholders know about tax implications of dividends?

Stockholders should consult with their tax advisors regarding federal, state, and local tax effects of dividends received, as outlined in the company's announcements.