STAG Industrial Announces Tax Treatment Of 2020 Dividends

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

STAG Industrial Announces Tax Treatment Of 2020 Dividends

PR Newswire

BOSTON, Jan. 15, 2021 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE:STAG) today announced the tax treatment of its 2020 dividends to holders of its common and preferred stock.

The tax treatment for the common stock dividend is detailed in the investor relations section on the Company's website and is summarized below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment.

TAX TREATMENT OF 2020 COMMON DISTRIBUTIONS

CUSIP # 8524J 102







Ticker Symbol: STAG







Record Date

Payable Date

Total Distribution      Per Share

2020 Ordinary Taxable Dividends

2020 Capital Gain Distribution

2020 Unrecaptured Section 1250 Gain(1)

2020 Return of Capital Per Share

Section 199A Dividends (2)

12/31/19

01/15/20

$0.119167

$0.093596

$0.025571

$0.006961

$0.000000

$0.093596

01/31/20

02/18/20

$0.120000

$0.094251

$0.025749

$0.007009

$0.000000

$0.094251

02/28/20

03/16/20

$0.120000

$0.094251

$0.025749

$0.007009

$0.000000

$0.094251

03/31/20

04/15/20

$0.120000

$0.094251

$0.025749

$0.007009

$0.000000

$0.094251

04/30/20

05/15/20

$0.120000

$0.094251

$0.025749

$0.007009

$0.000000

$0.094251

05/29/20

06/15/20

$0.120000

$0.094251

$0.025749

$0.007009

$0.000000

$0.094251

06/30/20

07/15/20

$0.120000

$0.094251

$0.025749

$0.007009

$0.000000

$0.094251

07/31/20

08/17/20

$0.120000

$0.094251

$0.025749

$0.007009

$0.000000

$0.094251

08/31/20

09/15/20

$0.120000

$0.094251

$0.025749

$0.007009

$0.000000

$0.094251

09/30/20

10/15/20

$0.120000

$0.094251

$0.025749

$0.007009

$0.000000

$0.094251

10/30/20

11/16/20

$0.120000

$0.094251

$0.025749

$0.007009

$0.000000

$0.094251

11/30/20

12/15/20

$0.120000

$0.094251

$0.025749

$0.007009

$0.000000

$0.094251

12/31/20

01/15/21

$0.071670

$0.056291

$0.015379

$0.004186

$0.000000

$0.056291

Total


$1.510837

$1.186648

$0.324189

$0.088246

$0.000000

$1.186648









(1) The amount reported as Unrecaptured Section 1250 Gain is a subset of, and is included in, the Capital Gain Distribution.


(2) The amount reported as Ordinary Taxable Dividends is treated as a qualified REIT dividend for purposes of Internal Revenue Code Section 199A.

The Company did not incur any foreign taxes in 2020. The December 2020 monthly common stock dividend that was declared on October 9, 2020 and paid on January 15, 2021 of $0.120000 per share will be considered a dividend partially attributable to 2020 and 2021 for U.S. federal income tax purposes.

The tax treatment for the preferred stock dividend is detailed in the investor relations section on the Company's website and is summarized below.

TAX TREATMENT OF 2020 PREFERRED DISTRIBUTIONS

CUSIP # 8524J 409







Ticker Symbol: STAG Pr C







Record Date

Payable Date

Total Distribution      Per Share

2020 Ordinary Taxable Dividends

2020 Capital Gain Distribution

2020 Unrecaptured Section 1250 Gain(1)

2020 Return of Capital Per Share

Section 199A Dividends (2)

03/13/20

03/31/20

$0.429688

$0.337486

$0.092202

$0.025098

$0.000000

$0.337486

06/15/20

06/30/20

$0.429688

$0.337486

$0.092202

$0.025098

$0.000000

$0.337486

09/15/20

09/30/20

$0.429688

$0.337486

$0.092202

$0.025098

$0.000000

$0.337486

12/15/20

12/31/20

$0.429688

$0.337486

$0.092202

$0.025098

$0.000000

$0.337486

Total


$1.718752

$1.349944

$0.368808

$0.100392

$0.000000

$1.349944









(1) The amount reported as Unrecaptured Section 1250 Gain is a subset of, and is included in, the Capital Gain Distribution.


(2) The amount reported as Ordinary Taxable Dividends is treated as a qualified REIT dividend for purposes of Internal Revenue Code Section 199A.

About STAG Industrial, Inc.

STAG Industrial, Inc. is a real estate investment trust focused on the acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. As of September 30, 2020, the Company's portfolio consists of 462 buildings in 38 states with approximately 92.3 million rentable square feet.

For additional information, please visit the Company's website at www.stagindustrial.com.

Forward-Looking Statements

This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "believe," "will," "expect," "intend," "anticipate," "estimate," "should," "project" or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company's control and which could materially affect actual results, performances or achievements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the risk factors discussed in the Company's annual report on Form 10-K for the year ended December 31, 2019 as updated by the Company's quarterly reports on Form 10-Q. Accordingly, there is no assurance that the Company's expectations will be realized. Except as otherwise required by the federal securities laws, the Company disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/stag-industrial-announces-tax-treatment-of-2020-dividends-301209398.html

SOURCE STAG Industrial, Inc.

Copyright CNW Group 2021

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).