Safehold Announces Tax Treatment of 2020 Dividends

Rhea-AI Summary

Safehold Inc. (NYSE: SAFE) reported the tax treatment of its 2020 common stock dividends. The company distributed dividends quarterly, with amounts per share as follows: $0.1560 on January 15, April 15, and September 15, and $0.16224 on July 15. All distributions are categorized as return of capital, meaning they do not constitute ordinary income for tax purposes. Safehold operates as a real estate investment trust (REIT), focused on modern ground lease capital solutions, aiming to provide safe, growing income and long-term capital appreciation for shareholders.

Positive

• Annual dividend per share distributions of $0.1560 and $0.16224 demonstrate a commitment to returning capital to shareholders.
• Safehold's business model provides potential for high returns with less risk for property owners.

Negative

• None.

NEW YORK, Jan. 19, 2021 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE) announced the tax treatment of its 2020 common stock dividends.

NYSE: SAFE
CUSIP: 78649D-104

Record Date	Payment Date	Distribution per Share	Ordinary Income	Return of Capital (Non-Dividend Distribution)
1/3/20	1/15/20	$0.1560000	$0.0000000	$0.1560000
3/31/20	4/15/20	$0.1560000	$0.0000000	$0.1560000
6/30/20	7/15/20	$0.1622400	$0.0000000	$0.1622400
9/30/20	10/15/20	$0.1622400	$0.0000000	$0.1622400

About Safehold:

Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Through its modern ground lease capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT) and is managed by its largest shareholder, iStar Inc., seeks to deliver safe, growing income and long-term capital appreciation to its shareholders. Additional information on Safehold is available on its website at www.safeholdinc.com.

View original content:http://www.prnewswire.com/news-releases/safehold-announces-tax-treatment-of-2020-dividends-301211032.html

SOURCE iStar Inc.

FAQ

What are the dividend payment dates for Safehold Inc. in 2020?

Safehold's dividend payment dates in 2020 were January 15, April 15, July 15, and October 15.

What was the distribution per share for Safehold Inc.'s 2020 dividends?

The distribution per share in 2020 was $0.1560 for January, April, and September, and $0.16224 for July.

How is Safehold Inc.'s dividend treated for tax purposes?

The dividends are classified as a return of capital and do not qualify as ordinary income for tax purposes.

Is Safehold Inc. a real estate investment trust?

Yes, Safehold Inc. is structured as a real estate investment trust (REIT).