VICI Properties Inc. Announces Tax Treatment of 2024 Distributions
Taxable Composition of 2024 Distributions (Form 1099-DIV)
2024 Distributions Paid | Tax Treatment of 2024 Distributions | ||||||||||||||||||
Record Date | Payment Date | Total Distribution Per Share | Distribution Reportable in 2024 | Distribution Reportable in 2025 | Ordinary Dividend Box 1a |
Qualified Dividend (1) Box 1b |
Non-Dividend Distribution(2) Box 3 |
Section 199A Dividends (1)(3) Box 5 | |||||||||||
12/21/2023 | 1/4/2024 |
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(4) |
N/A |
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3/21/2024 | 4/4/2024 |
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N/A |
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6/18/2024 | 7/3/2024 |
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N/A |
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9/18/2024 | 10/3/2024 |
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N/A |
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12/17/2024 | 1/9/2025 |
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(5) |
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(5) |
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(1) These amounts are a subset of, and included in, the 2024 ordinary dividend amounts (Box 1a). | |||||||||||||||||||
(2) Represents a return of capital. | |||||||||||||||||||
(3) Treasury Regulation § 1.199A-3(c)(2)(ii) requires that stockholders hold their REIT shares for more than 45 days during the 91-day period beginning on the date that is 45 days before the date on which such shares become ex-dividend with respect to such dividend in order for the dividends to be treated as Section 199A Dividends. Stockholders should consult with their tax advisors to determine whether this requirement affects any portion of the dividends included in Box 5. | |||||||||||||||||||
(4) Pursuant to IRC Section 857(b)(9), the entire January 4, 2024 distribution (which was declared on December 7, 2023 and had a record date of December 21, 2023) is treated as a 2024 distribution for federal income tax purposes. | |||||||||||||||||||
(5) Pursuant to IRC Section 857(b)(9), distributions paid on January 9, 2025 with a record date of December 17, 2024 are treated as received by stockholders on December 17, 2024 to the extent of 2024 earnings and profits. As the Company’s aggregate 2024 distributions exceeded its 2024 earnings and profits, the entire January 9, 2025 distribution (which was declared on December 5, 2024 and had a record date of December 17, 2024) will be treated as a 2025 distribution for federal income tax purposes and is not included on the 2024 Form 1099-DIV. |
About VICI Properties
VICI Properties Inc. is an S&P 500® experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties owns 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across
Press Release Category: Dividends
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Investor
Investors@viciproperties.com
(646) 949-4631
Or
David Kieske
EVP, Chief Financial Officer
DKieske@viciproperties.com
Moira McCloskey
SVP, Capital Markets
MMcCloskey@viciproperties.com
LinkedIn:
www.linkedin.com/company/vici-properties-inc
Source: VICI Properties Inc.