Realty Income Announces 2021 Common Stock Dividend Tax Allocation And Estimated Market Value Of VEREIT Notes Exchanged For Realty Income Notes
Realty Income Corporation announced the tax status for its 2021 common stock dividends and those of VEREIT. Total common dividends paid in 2021 amounted to $4.8927123 for Realty Income, with 30.958% as ordinary income and 67.295% as non-taxable distributions. VEREIT's total common dividends were $1.7710000, with 73.695% as ordinary income. Realty Income also detailed the market value of newly exchanged notes from VEREIT. Shareholders should consult tax advisors regarding tax treatment of dividends received.
- Total common dividends paid in 2021 were $4.8927123 for Realty Income, indicating strong cash flow.
- Realty Income has declared 619 consecutive monthly dividends over 53 years, showcasing reliability.
- A significant portion of Realty Income's dividends is classified as non-taxable return of capital, which may raise sustainability concerns.
SAN DIEGO, Jan. 28, 2022 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the final calculation of the dividend tax status for its 2021 common stock dividends. Also, Realty Income announced today the final calculation of the dividend tax status for VEREIT, Inc.'s (VEREIT, formerly NYSE: VER) 2021 common stock dividends and
Realty Income Corporation Common Stock (CUSIP: 756109104) | ||
Total Common Dividends Paid in 2021(1) | ||
Ordinary Income Portion of Dividend | ||
Total Capital Gain Distribution(2) | ||
Non-taxable Distribution (return of capital) |
(1) | Note that the amount distributed in 2021 includes the |
(2) | Unrecaptured Section 1250 Gain of |
VEREIT, Inc. Common Stock (CUSIP: 92339V308) | ||
Total Common Dividends Paid in 2021 | ||
Ordinary Income Portion of Dividend | ||
Total Capital Gain Distribution(3) | ||
Non-taxable Distribution (return of capital) |
(3) | Unrecaptured Section 1250 Gain of |
VEREIT, Inc. Preferred Series F Preferred Stock (CUSIP: 92339V209) | ||
Total Ser. F Pref. Stk Dividends Paid in 2021 | ||
Ordinary Income Portion of Dividend | ||
Total Capital Gain Distribution(4) |
(4) | Unrecaptured Section 1250 Gain of |
Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of any Realty Income or VEREIT dividends received.
Additionally, the legacy VEREIT notes identified below, which were exchanged for new Realty Income notes in November 2021, were determined to be publicly traded for U.S. federal income tax purposes. The estimated issuance prices of the new Realty Income notes were determined to be as follows:
Asset Name | Target CUSIP | New CUSIP | Series of Notes | Market Value (per |
ARC PROP OPER PART | 03879QAF1 | 756109BD5 | ||
VEREIT OPERATING PAR | 92340LAD1 | 756109BE3 | ||
VEREIT OPERATING PAR | 92340LAA7 | 756109BF0 | ||
VEREIT OPERATING PAR | 92340LAC3 | 756109BG8 | ||
VEREIT OPERATING PAR | 92340LAF6 | 756109BH6 | ||
VEREIT OPERATING PAR | 92340LAH2 | 756109BJ2 | ||
VEREIT OPERATING PAR | 92340LAE9 | 756109BK9 | ||
VEREIT OPERATING PAR | 92340LAG4 | 756109BL7 |
About the Company
Realty Income, The Monthly Dividend Company®, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats® index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from almost 11,000 real estate properties owned under long-term lease agreements with commercial clients. To date, the company has declared 619 consecutive common stock monthly dividends throughout its 53-year operating history and increased the dividend 114 times since Realty Income's public listing in 1994 (NYSE: O). Additional information about the company can be obtained from the corporate website at www.realtyincome.com.
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SOURCE Realty Income Corporation
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