Uniti Group Inc. Announces Tax Reporting Information for 2022 Distributions

Rhea-AI Summary

Uniti Group announced the tax treatment of its 2022 common share distributions, confirming a total distribution of $0.75 per share. This includes ordinary dividends of $0.15 per share for each quarterly distribution made in 2022, recorded on specified dates. These dividends are classified as non-qualified and will be reported accordingly on Form 1099-DIV. Of the total distribution, $0.005886 per share will be treated as Section 897 Ordinary Dividends. As of September 30, 2022, Uniti owns approximately 134,000 fiber route miles and 8.0 million fiber strand miles across the U.S.

Positive

• Total distribution of $0.75 per share reported for 2022.
• Ordinary dividends of $0.15 per share were consistently paid quarterly.

Negative

• None.

LITTLE ROCK, Ark., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today the tax treatment of its 2022 distributions. The following table summarizes the federal income tax treatment of the distributions on its common shares as it is expected to be reported on Form 1099 – DIV.

Common Stock CUSIP (91325V108)
Record Date		Payment Date		Total Distribution Per Share			Ordinary Dividend Per Share			Capital Gain Distribution Per Share			Nondividend Distribution Per Share
12/17/21		1/3/22		$0.15			$0.15			$0.00			$0.00
4/1/22		4/15/22		$0.15			$0.15			$0.00			$0.00
6/17/22		7/1/22		$0.15			$0.15			$0.00			$0.00
9/9/22		9/23/22		$0.15			$0.15			$0.00			$0.00
12/16/22		12/30/22		$0.15			$0.15			$0.00			$0.00
		Total		$0.75			$0.75			$0.00			$0.00

Ordinary Dividend Per Share is non-qualified dividend income. The Ordinary Dividend Per Share will also be reported on Form 1099-DIV, Box 5, as Section 199A Dividends. $0.005886 of each distribution will be treated as Section 897 Ordinary Dividends. This amount will be reported on Form 1099-DIV, Box 2e and is also included in Ordinary Dividend Per Share.

The quarterly cash dividend of $0.15 per share of common stock, which was paid on January 3, 2022 to the shareholders of record as of December 17, 2021, will be reported on Form 1099-DIV for the 2022 taxable year for federal income tax purposes. 

ABOUT UNITI

Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of fiber and other wireless solutions for the communications industry. As of September 30, 2022, Uniti owns approximately 134,000 fiber route miles, 8.0 million fiber strand miles, and other communications real estate throughout the United States. Additional information about Uniti can be found on its website at www.uniti.com.

INVESTOR AND MEDIA CONTACTS:

Paul Bullington, 251-662-1512
Senior Vice President, Chief Financial Officer & Treasurer
paul.bullington@uniti.com

Bill DiTullio, 501-850-0872
Vice President, Finance and Investor Relations
bill.ditullio@uniti.com

FAQ

What is the total distribution per share for Uniti in 2022?

Uniti reported a total distribution of $0.75 per share for 2022.

How much is the ordinary dividend per share for Uniti?

The ordinary dividend per share for Uniti is $0.15 for each quarterly distribution.

What form will Uniti's dividends be reported on?

Uniti's dividends will be reported on Form 1099-DIV.

What amount of each distribution is treated as Section 897 Ordinary Dividends?

$0.005886 of each distribution will be treated as Section 897 Ordinary Dividends.

How many fiber route miles does Uniti own?

As of September 30, 2022, Uniti owns approximately 134,000 fiber route miles.