Plymouth Industrial REIT Announces Tax Treatment of 2022 Dividends

Rhea-AI Summary

Plymouth Industrial REIT (NYSE: PLYM) has announced the tax treatment for its 2022 dividends to common stockholders, reporting a total cash distribution of $0.87 per share. This includes ordinary dividends of $0.584743 and a return of capital of $0.285257 per share. Key payment dates were highlighted, with the last payment made on January 3, 2023. The company also encourages stockholders to consult tax advisors regarding the effects of dividends. This communication is part of Plymouth's commitment to transparency and shareholder engagement.

Positive

• Total cash distribution of $0.87 per share for 2022.
• Ordinary dividends of $0.584743 per share signify consistent income for shareholders.

Negative

• None.

BOSTON--(BUSINESS WIRE)-- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced the tax treatment of its 2022 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, 2022:

Record Date		Payment Date		2022 Total Cash Distribution Per Share		Total Distribution Allocable to 2022		2022 Ordinary Dividend Per Share		2022 Return of Capital Per Share
December 31, 2021		January 31, 2022		$0.21		$0.21		$0.141145		$0.068855
March 31, 2022		April 29, 2022		$0.22		$0.22		$0.147866		$0.072134
June 30, 2022		July 29, 2022		$0.22		$0.22		$0.147866		$0.072134
September 30, 2022		October 31, 2022		$0.22		$0.22		$0.147866		$0.072134
				$0.87		$0.87		$0.584743		$0.285257

The income tax treatment for the 2022 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		2022 Total Cash Distribution Per Share		Total Distribution Allocable to 2022		2022 Ordinary Dividend Per Share		2022 Return of Capital Per Share
March 15, 2022		March 31, 2022		$0.46875		$0.46875		$0.46875		$0.00000
June 15, 2022		June 30, 2022		$0.46875		$0.46875		$0.46875		$0.00000
September 15, 2022		September 30, 2022		$0.46875		$0.46875		$0.46875		$0.00000
December 15, 2022		January 3, 2023		$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 full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost effective space that is functional, flexible and safe.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230118005138/en/

Tripp Sullivan

SCR Partners

(615) 942-7077

TSullivan@scr-ir.com

Source: Plymouth Industrial REIT, Inc.

FAQ

What is the dividend per share for Plymouth Industrial REIT in 2022?

The total cash distribution per share for 2022 is $0.87.

When is the payment date for Plymouth Industrial REIT dividends?

The last payment date for dividends was January 3, 2023.

What portion of the 2022 dividend is considered a return of capital?

The return of capital per share for 2022 is $0.285257.

How often does Plymouth Industrial REIT pay dividends?

Plymouth Industrial REIT typically pays dividends quarterly.

Where can I find the tax treatment details for Plymouth Industrial REIT dividends?

Tax treatment details are available on Plymouth's website and Form 8937.