SBA Communications Corporation Announces Tax Reporting Information for 2023 Distributions

Rhea-AI Summary

SBA Communications Corporation (Nasdaq: SBAC) has announced year-end tax reporting information for its 2023 distributions. Stockholders are advised to consult with their personal tax advisors for specific tax treatment. The cash distribution per share is $0.85, with the same amount for ordinary taxable dividends and Section 199A dividends. There were no unrecaptured section 1250 gains or non-dividend distributions for the tax year ended December 31, 2023.

BOCA RATON, Fla.--(BUSINESS WIRE)-- SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today announced year-end tax reporting information for its 2023 distributions. Stockholders are urged to consult with their personal tax advisors as to their specific tax treatment.

SBA Communications Corporation Common Stock
CUSIP 78410G104
Ticker Symbol: SBAC

Record Date	Payment Date	Cash Distribution (per share)	Ordinary Taxable Dividends (per share)	Section 199A Dividends (1) (per share)
3/10/2023	3/24/2023	$0.85	$0.85	$0.85
5/26/2023	6/21/2023	$0.85	$0.85	$0.85
8/24/2023	9/20/2023	$0.85	$0.85	$0.85
11/16/2023	12/14/2023	$0.85	$0.85	$0.85

(1)	Included in Ordinary Taxable Dividends

Note: For the tax year ended December 31, 2023, there were no unrecaptured section 1250 gains or non-dividend distributions.

This information represents final income allocations.

This press release will be available on our website at www.sbasite.com.

About SBA Communications Corporation

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites in 15 markets throughout the Americas, Africa and the Philippines, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and is one of the top Real Estate Investment Trusts (REITs) by market capitalization. For more information, please visit: www.sbasite.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240123660675/en/

Mark DeRussy, CFA

Capital Markets

561-226-9531

Lynne Hopkins

Media Relations

561-226-9431

Source: SBA Communications

FAQ

What is the ticker symbol for SBA Communications Corporation?

The ticker symbol for SBA Communications Corporation is SBAC.

What is the cash distribution per share for SBA Communications Corporation?

The cash distribution per share for SBA Communications Corporation is $0.85.

What were the record and payment dates for the distributions announced by SBA Communications Corporation?

The record dates were 3/10/2023, 5/26/2023, 8/24/2023, and 11/16/2023. The payment dates were 3/24/2023, 6/21/2023, 9/20/2023, and 12/14/2023.

Were there any unrecaptured section 1250 gains or non-dividend distributions for SBA Communications Corporation in the tax year ended December 31, 2023?

No, there were no unrecaptured section 1250 gains or non-dividend distributions for SBA Communications Corporation in the tax year ended December 31, 2023.