SBA Communications Corporation Announces Tax Reporting Information for 2020 Distributions

Rhea-AI Summary

SBA Communications Corporation (Nasdaq: SBAC) has announced year-end tax reporting details for its 2020 distributions. Shareholders are recommended to consult personal tax advisors regarding the treatment of these distributions. Key details include cash distributions of $0.465 per share across four payment dates: March 26, June 18, September 22, and December 17, 2020. All distributions qualify as ordinary taxable dividends, with no unrecaptured section 1250 gains or non-dividend distributions reported for the year. The announcement underscores SBA's position as a key player in wireless infrastructure.

Positive

• Consistent cash distribution of $0.465 per share across all payment instances.
• No unrecaptured section 1250 gains or non-dividend distributions, simplifying tax implications for shareholders.

Negative

• None.

SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today announced year-end tax reporting information for its 2020 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)
3/10/2020	3/26/2020	$0.465	$0.465	$0.465
5/28/2020	6/18/2020	$0.465	$0.465	$0.465
8/25/2020	9/22/2020	$0.465	$0.465	$0.465
11/19/2020	12/17/2020	$0.465	$0.465	$0.465

1. Included in Ordinary Taxable Dividends

Note: For the tax year ended December 31, 2020, 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 32,000 communications sites in fourteen markets throughout the Americas and South Africa, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and is one of the top 20 Real Estate Investment Trusts (REITs) based on market capitalization. For more information, please visit: www.sbasite.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210118005343/en/

FAQ

What are the cash distribution details for SBAC in 2020?

SBAC announced cash distributions of $0.465 per share, payable on four dates: March 26, June 18, September 22, and December 17, 2020.

What type of dividends did SBAC distribute in 2020?

All distributions for SBAC in 2020 were classified as ordinary taxable dividends.

Did SBAC report any non-dividend distributions for 2020?

No non-dividend distributions were reported for SBAC in 2020.

Should SBAC shareholders consult a tax advisor for 2020 distributions?

Yes, shareholders are urged to consult personal tax advisors regarding the specific tax treatment of their distributions.