AvalonBay Communities Announces 2020 Dividend Income Tax Treatment

AvalonBay Communities (NYSE: AVB) announced the final income allocations for its 2020 dividend distributions.

(Neutral)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Tags

dividends

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

01/21/2021 - 04:15 PM EST

AvalonBay Communities, Inc. (the “Company”) (NYSE: AVB) announced today the final income allocations of the Company’s 2020 dividend distributions on its Common Stock. The final dividend allocations as they will be reported on Form 1099-DIV are set forth in the following table:

Common Shares (CUSIP #053484101)

Declaration Date	Record Date	Payment Date	Distribution Per Share			Ordinary Taxable Dividend (1)(2)			Return of Capital			Long Term Capital Gain			Unrecap. Section 1250 Gain

02/05/20	03/31/20	04/15/20	$	1.59000		$	1.04940		$	0.00000		$	0.38160		$	0.15900
05/12/20	06/30/20	07/15/20		1.59000			1.04940			0.00000			0.38160			0.15900
09/16/20	09/30/20	10/15/20		1.59000			1.04940			0.00000			0.38160			0.15900
11/12/20	12/31/20	01/15/21		1.59000			1.04940			0.00000			0.38160			0.15900


	Totals		$	6.36000		$	4.19760		$	0.00000		$	1.52640		$	0.63600

				100	%		66	%		0	%		24	%		10	%

Components may not sum to the totals due to rounding differences. The information above presents final dividend allocations.

(1) $0.06360 of each quarterly dividend classified as taxable ordinary dividend represents “qualified dividend income”.

(2) $0.98580 of each quarterly dividend classified as taxable ordinary dividend is treated as qualified REIT dividends for purposes of Internal Revenue Code (IRC) Section 199A.

Please consult your tax advisor.

About AvalonBay Communities, Inc.

As of September 30, 2020, the Company owned or held a direct or indirect ownership interest in 294 apartment communities containing 86,676 apartment homes in 11 states and the District of Columbia, of which 19 communities were under development. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California, as well as in the Company’s expansion markets consisting of Southeast Florida and Denver, Colorado. More information may be found on the Company’s website at http://www.avalonbay.com.