AIR Communities Announces 2022 Dividend Income Tax Allocations
01/24/2023 - 08:41 AM
DENVER --(BUSINESS WIRE)--
Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) reported today the tax status of its 2022 distributions paid to shareholders. Details on the tax classifications of the distributions are included in the table below:
Class A Common Stock (CUSIP 03750L109)
Record Date
Payable Date
Dividend per
Share
Total Ordinary
Dividends
Qualified
Dividends(1)
Total Capital
Gain
Distribution
Unrecaptured
Sec. 1250 Gain(2)
Section 897
Ordinary
Dividends
Section 897
Capital Gain(3)
Nondividend
Distributions
2/17/2022
2/25/2022
$
0.45
13.71320%
1.93033%
86.28680%
10.30174%
0.00000%
86.28680%
0.00000%
5/20/2022
5/31/2022
$
0.45
13.71320%
1.93033%
86.28680%
10.30174%
0.00000%
86.28680%
0.00000%
8/19/2022
8/30/2022
$
0.45
13.71320%
1.93033%
86.28680%
10.30174%
0.00000%
86.28680%
0.00000%
11/18/2022
11/30/2022
$
0.45
13.71320%
1.93033%
86.28680%
10.30174%
0.00000%
86.28680%
0.00000%
Annual
$
1.8000
13.71320%
1.93033%
86.28680%
10.30174%
0.00000%
86.28680%
0.00000%
(1) - The percentage of Qualified Dividends for each of the quarters shown above is a subset of, and included in, Dividend per Share.
(2) - The percentage of Unrecaptured Sec. 1250 Gain for each of the quarters shown above is a subset of, and included in, Dividend per Share.
(3) - The percentage of Section 897 Capital Gain for each of the quarters shown above is a subset of, and included in, Dividend per Share.
Pursuant to Treas. Reg. § 1.1061-6(c), Apartment Income REIT Corp. is disclosing below two additional amounts for purposes of Section 1061 of the Internal Revenue Code. Section 1061 is generally applicable to direct and indirect holders of “applicable partnership interests.”
Record Date
Payable Date
Form 1099-DIV
B ox 2a, Total
Capital Gain
Distr. Per Share
One Year
Amounts
Disclosure Per
S hare
Three Year
Amounts
Disclosure Per
S hare
2/17/2022
2/25/2022
$
0.388291
$
0.0169
$
0.0169
5/20/2022
5/31/2022
$
0.388291
$
0.0169
$
0.0169
8/19/2022
8/30/2022
$
0.388291
$
0.0169
$
0.0169
11/18/2022
11/30/2022
$
0.388291
$
0.0169
$
0.0169
Annual
$
1.553164
$
0.0676
$
0.0676
Shareholders of record of the Company's common stock will receive an Internal Revenue Service Form 1099-DIV from Computershare, AIR’s 2022 distribution paying agent. If shares were held in "street name" during 2022, the IRS form will be provided by a bank, brokerage firm, or nominee. Because AIR’s tax return has not yet been filed for the year ended December 31, 2022 , the distribution allocations presented herein have been calculated using the best available information to date.
The tax treatment of these distributions by state and local authorities varies and may not be the same as the IRS's treatment. Because federal and state tax laws affect individuals differently, AIR cannot advise shareholders on how distributions should be reported on their tax returns. AIR encourages shareholders to consult with their own tax advisors with respect to the federal, state and local income tax consequences of these distributions.
About AIR
Apartment Income REIT Corp. (NYSE: AIRC) is a real estate investment trust focused on the ownership and management of quality apartment communities located in the largest markets in the United States . AIR is one of the country’s largest owners and operators of apartments, with 75 communities in 10 states and the District of Columbia . AIR common shares are traded on the New York Stock Exchange under the ticker symbol AIRC and are included in the S&P 400. For more information about AIR, please visit our website at www.aircommunities.com .
View source version on businesswire.com : https://www.businesswire.com/news/home/20230124005705/en/
Matthew O’Grady
Senior Vice President, Capital Markets
(303) 691-4566
Mary Jensen
Head of Investor Relations
(303) 691-4349
investors@aircommunities.com
Source: Apartment Income REIT Corp
Apartment Income REIT Corp
AIRC Rankings
#3618 Ranked by Stock Gains
AIRC Stock Data
Industry
Lessors of Residential Buildings and Dwellings
Sector
Real Estate and Rental and Leasing
About AIRC
air communities, a real estate investment trust (reit), is the owner and operator of best-in-class apartment communities across the united states. air communities professionally manages high-quality properties in most major markets, including boston, philadelphia, los angeles and miami. our communities are managed by outstanding team members who provide unbeatable customer service. exceptional operations start with a professional, well-trained team. residents at air communities benefit from the resources of a national company and the attention of a local team. customer satisfaction is the most important part of our mission. we conduct regular surveys to make sure we are meeting the needs of our residents and making their home the best it can be. you can expect us to always be welcoming, consistent, responsive, trusted, and exceptional.