Equity Commonwealth Announces Tax Treatment of 2024 Distributions
30 Janeiro 2025 - 6:20PM
Business Wire
Equity Commonwealth (NYSE: EQC) today announced the tax
treatment of its 2024 common and preferred share distributions,
which is as follows:
Common Stock (CUSIP No. 294628102)
Record Date
Payment
Date
Total
Distribution
per Share
2024 Cash
Liquidation
Distribution1
11/25/2024
12/6/2024
$ 19.00
$ 19.00
Series D Cumulative Convertible Preferred Stock (CUSIP No.
294628201)
Record Date
Payment
Date
Total
Distribution
per Share
2024 Taxable
Ordinary
Dividends
2024 Section
199A
Dividends2
2024 Cash
Liquidation
Distribution3
1/31/2024
2/15/2024
$
0.406250
$
0.406250
$
0.406250
$
0.000000
4/30/2024
5/15/2024
$
0.406250
$
0.406250
$
0.406250
$
0.000000
7/31/2024
8/15/2024
$
0.406250
$
0.406250
$
0.406250
$
0.000000
10/31/2024
11/15/2024
$
0.406250
$
0.406250
$
0.406250
$
0.000000
12/3/2024
12/3/2024
$
25.0858
$
0.000000
$
0.000000
$
25.0858
Total
$
26.7108
$
1.625000
$
1.625000
$
25.0858
1Cash Liquidation Distributions are reported in Box 9 of Form
1099-DIV. Liquidation distributions are first applied against
shareholder tax basis, but not below zero (i.e., return of
capital). To the extent liquidation distributions exceed
shareholder tax basis, such excess is taxable gain in the year of
receipt. To the extent liquidation distributions are less than
shareholder tax basis, any loss will be recognized in the year the
final liquidation distribution is received.
22024 Section 199A Dividends are reported in Box 5 of Form
1099-DIV. 2024 Section 199A Dividends are a subset of, and included
in, 2024 Taxable Ordinary Dividends, which are reported in Box 1a
of Form 1099-DIV.
3Cash Liquidation Distribution is reported in Box 9 of Form
1099-DIV. Preferred shareholders will recognize taxable gain to the
extent the liquidation distribution exceeds their tax basis. To the
extent the liquidation distribution is less than the preferred
shareholder’s tax basis, loss will be recognized.
This release is based on estimates and is subject to correction
or adjustment when the tax filings are completed. No material
change in these classifications is expected. Shareholders are
encouraged to consult with their tax advisors as to the specific
tax treatment of the distributions they received from the
Company.
About Equity Commonwealth
Equity Commonwealth (NYSE: EQC) is a Chicago based, internally
managed and self-advised real estate investment trust (REIT).
Regulation FD Disclosures
We use any of the following to comply with our disclosure
obligations under Regulation FD: press releases, SEC filings,
public conference calls, or our website. We routinely post
important information on our website at www.eqcre.com, including
information that may be deemed to be material. We encourage
investors and others interested in the company to monitor these
distribution channels for material disclosures.
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version on businesswire.com: https://www.businesswire.com/news/home/20250130611764/en/
Investor Contact Bill Griffiths, Equity Commonwealth,
(312) 646-2801
Equity Commonwealth (NYSE:EQC)
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