Whitestone REIT Announces Tax Characteristics of 2020 Distributions
Whitestone REIT (NYSE: WSR) announced the 2020 federal income tax treatment of cash distributions for shareholders. The total distribution per share was $0.600000, with ordinary dividends constituting $0.359502 (approximately 59.92% of the total). The report includes several cash distribution details, such as dates and classifications. Shareholders can benefit from Section 199A dividends eligible for a 20% deduction. For personalized tax advice, shareholders are encouraged to consult with their tax advisors.
- Total distribution per share for 2020 was $0.600000.
- Ordinary dividends accounted for 59.92% of the total distributions.
- Consistent monthly dividend payments for over 15 years.
- None.
HOUSTON, Jan. 29, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) released the federal income tax treatment of 2020 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2020, which will be reported on Form 1099-DIV, are as follows:
| Ex-Dividend Date | Record Date | Payable Date | Total Distribution Per Share | Ordinary Dividends | Total Capital Gain Distribution | Unrecaptured Sec 1250 Gain | Return of Capital (Nontaxable Distribution | Section 199A Dividends (1) | |||||||||||
| 12/31/2019 | 1/3/2020 | 1/15/2020 | $ | 0.095000 | $ | 0.056921 | $ | - | $ | - | $ | 0.038079 | $ | 0.056921 | |||||
| 2/3/2020 | 2/4/2020 | 2/13/2020 | $ | 0.095000 | $ | 0.056921 | $ | - | $ | - | $ | 0.038079 | $ | 0.056921 | |||||
| 3/2/2020 | 3/3/2020 | 3/13/2020 | $ | 0.095000 | $ | 0.056921 | $ | - | $ | - | $ | 0.038079 | $ | 0.056921 | |||||
| 4/6/2020 | 4/7/2020 | 4/15/2020 | $ | 0.035000 | $ | 0.020971 | $ | - | $ | - | $ | 0.014029 | $ | 0.020971 | |||||
| 5/1/2020 | 5/4/2020 | 5/13/2020 | $ | 0.035000 | $ | 0.020971 | $ | - | $ | - | $ | 0.014029 | $ | 0.020971 | |||||
| 6/1/2020 | 6/2/2020 | 6/12/2020 | $ | 0.035000 | $ | 0.020971 | $ | - | $ | - | $ | 0.014029 | $ | 0.020971 | |||||
| 7/1/2020 | 7/2/2020 | 7/10/2020 | $ | 0.035000 | $ | 0.020971 | $ | - | $ | - | $ | 0.014029 | $ | 0.020971 | |||||
| 8/3/2020 | 8/4/2020 | 8/13/2020 | $ | 0.035000 | $ | 0.020971 | $ | - | $ | - | $ | 0.014029 | $ | 0.020971 | |||||
| 8/31/2020 | 9/1/2020 | 9/10/2020 | $ | 0.035000 | $ | 0.020971 | $ | - | $ | - | $ | 0.014029 | $ | 0.020971 | |||||
| 10/5/2020 | 10/6/2020 | 10/15/2020 | $ | 0.035000 | $ | 0.020971 | $ | - | $ | - | $ | 0.014029 | $ | 0.020971 | |||||
| 11/2/2020 | 11/3/2020 | 11/12/2020 | $ | 0.035000 | $ | 0.020971 | $ | - | $ | - | $ | 0.014029 | $ | 0.020971 | |||||
| 12/1/2020 | 12/2/2020 | 12/10/2020 | $ | 0.035000 | $ | 0.020971 | $ | - | $ | - | $ | 0.014029 | $ | 0.020971 | |||||
| 2020 Total | $ | 0.600000 | $ | 0.359502 | $ | - | $ | - | $ | 0.240498 | $ | 0.359502 | |||||||
| 59.917000 | % | 0.000000 | % | 0.000000 | % | 40.083000 | % | 59.917000 | % | ||||||||||
(1) Represents dividends eligible for the
Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Whitestone REIT cash distributions. For additional information, contact Whitestone REIT's Investor Relations Department.
About Whitestone REIT
Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt.
Whitestone seeks to create Communities That Thrive through Creating Local Connections between consumers in the surrounding communities and a well-crafted mix of national, regional and local tenants that provide daily necessities, needed services, entertainment and experiences.
Whitestone is a monthly dividend paying stock and has consistently paid dividends for over 15 years.
Whitestone’s strong balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles. For additional information, please visit www.whitestonereit.com.
Contact Whitestone REIT:
Kevin Reed
Director of Investor Relations
(713) 435-2219
kreed@whitestonereit.com
FAQ
What is the total cash distribution per share for WSR in 2020?
What percentage of WSR's 2020 distribution was classified as ordinary dividends?
How can shareholders minimize taxes on WSR distributions?
What is the significance of Section 199A dividends in WSR's distribution?
