New Senior Announces Tax Treatment of 2020 Dividends
New Senior Investment Group Inc. (NYSE: SNR) announced the tax treatment for its 2020 stock distributions. Common stock dividends totaled $0.325 per share, classified as a return of capital. The dividends were issued on four dates: March 27, June 19, September 18, and December 18. The Series A Preferred Stock distributions amounted to $7.27 per share, also considered a return of capital, paid on five occasions. Shareholders are advised to consult tax advisors regarding the implications of these distributions.
- Common stock dividends totaling $0.325 per share distributed throughout 2020.
- Series A Preferred Stock distributions of $7.27 per share, enhancing income for shareholders.
- Classified as return of capital, indicating potential issues with ongoing profitability or reinvestment.
New Senior Investment Group Inc. (“New Senior” or the “Company”) (NYSE: SNR) announced today the tax treatment of its 2020 common stock and preferred stock distribution payments.
Common Stock Dividends
During 2020, distributions for New Senior’s common stock (CUSIP #648691103) totaled
| Common Stock (CUSIP #648691103) | ||||||||
| Record | Pay | Cash | Ordinary | Qualified | Long-Term | Unrecaptured | Return of | Sec. 199A |
| Date | Date | Distribution | Dividend | Dividend(1) | Capital Gain | Sec. 1250 Gain(2) | Capital | Dividends (3) |
| 3/13/20 | 3/27/20 |
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| 6/5/20 | 6/19/20 |
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| 9/4/20 | 9/18/20 |
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| 12/4/20 | 12/18/20 |
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Preferred Stock Dividends
During 2020, distributions for New Senior’s Series A Preferred Stock totaled
| Series A Preferred Stock | ||||||||
| Record | Pay | Cash | Ordinary | Qualified | Long-Term | Unrecaptured | Return of | Sec. 199A |
| Date | Date | Distribution | Dividend | Dividend(1) | Capital Gain | Sec. 1250 Gain(2) | Capital | Dividends (3) |
| 12/31/19 | 1/15/20 |
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| 3/31/20 | 4/15/20 |
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| 6/30/20 | 7/15/20 |
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| 9/30/20 | 10/15/20 |
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| 9/30/20 | 12/31/20 |
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(1) |
Qualified Dividend is a subset of, and included in, the Ordinary Dividend amount. | |
(2) |
Unrecaptured Sec. 1250 Gain is a subset of, and included in, the Long-Term Capital Gain amount. | |
(3) |
Sec. 199A Dividends is a subset of, and included in, the Ordinary Dividend amount. |
The data provided in this press release is provided for informational purposes only and does not constitute tax advice. Stockholders are urged to consult their own tax advisors regarding any issues or decisions regarding the proper tax treatment of their distributions in respect of shares of New Senior.
ABOUT NEW SENIOR
New Senior Investment Group Inc. (NYSE: SNR) is a publicly-traded real estate investment trust with a diversified portfolio of senior housing properties located across the United States. New Senior is one of the largest owners of senior housing properties, with 103 properties across 36 states. More information about New Senior can be found at www.newseniorinv.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210126005977/en/
FAQ
What is the total amount of common stock dividends for SNR in 2020?
When were the common stock dividends paid by New Senior in 2020?
What were the preferred stock dividends for SNR in 2020?
How are the 2020 dividends for SNR classified for tax purposes?
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