CareTrust REIT, Inc. Announces Tax Treatment of 2022 Dividends
01/25/2023 - 09:00 AM
SAN CLEMENTE, Calif. --(BUSINESS WIRE)--
CareTrust REIT, Inc. (NYSE:CTRE) reported today the tax status of its 2022 dividends paid to shareholders. Details on the classifications of the dividends are included in the table below:
DISTRIBUTIONS ON CARETRUST COMMON STOCK
Box 1a
Box 1b
Box 2a
Box 2b
Box 3
Box 5
Unrecap.
Qualified
Section
Taxable
Dividend
1250 Gain
Section
Record
Payment
Distribution
Distribution
Ordinary
(Included in
Capital
(Included in
Non-Dividend
199A
Date
Date
Per Share
Per Share
Dividend
Box 1a)
Gain Distr.
Box 2a)
Distributions
Dividend
12/31/21
01/14/22
$
0.2650
$
0.2650
39.3705
%
0.0000
%
0.0000
%
0.0000
%
60.6295
%
39.3705
%
03/31/22
04/15/22
$
0.2750
$
0.2750
39.3705
%
0.0000
%
0.0000
%
0.0000
%
60.6295
%
39.3705
%
06/30/22
07/15/22
$
0.2750
$
0.2750
39.3705
%
0.0000
%
0.0000
%
0.0000
%
60.6295
%
39.3705
%
09/30/22
10/14/22
$
0.2750
$
0.2750
39.3705
%
0.0000
%
0.0000
%
0.0000
%
60.6295
%
39.3705
%
12/30/22
01/13/23
$
0.2750
$
-
(1
)
0.0000
%
0.0000
%
0.0000
%
0.0000
%
0.0000
%
0.0000
%
Total
$
1.3650
$
1.0900
39.3705
%
0.0000
%
0.0000
%
0.0000
%
60.6295
%
39.3705
%
(1) As the Company's aggregate 2022 cash distributions exceeded its 2022 earnings and profits, the January 2023 cash distribution declared in the fourth quarter of 2022 will be treated as a 2023 distribution for federal income tax purposes and not included on the 2022 Form 1099. If you were a stockholder of record as of December 30, 2022 ,$0.00 is reported on your 2022 Form 1099 and $0.27 5 will be reported on your 2023 Form 1099.
Shareholders of record of the Company’s common stock will receive an Internal Revenue Service Form 1099-DIV from Broadridge Corporate Issuer Solutions, the Company’s 2022 dividend paying agent. The form will report the dividends paid and the amounts designated as total ordinary dividends, qualified dividends, total capital gains, unrecaptured section 1250 gains, non-dividend distributions and dividends that may be eligible for the 20% qualified business income deduction under section 199A. If shares were held in “street name” during 2022, the IRS form will be provided by a bank, brokerage firm, or nominee. Because the Company’s tax return has not yet been filed for the year ended December 31, 2022 , the dividend income tax allocations presented herein have been calculated using the best available information to date.
The tax treatment of these dividends 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, the Company cannot advise shareholders on how dividends should be reported on their tax returns. The Company encourages shareholders to consult with their own tax advisors with respect to the federal, state and local income tax consequences of these dividends.
About CareTrustTM
CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States . More information about CareTrust REIT is available at www.caretrustreit.com .
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CareTrust REIT, Inc. , (949) 542-3130, ir@caretrustreit.com
Source: CareTrust REIT, Inc.
CTRE Rankings
#1098 Ranked by Stock Gains
CTRE Stock Data
Industry
Lessors of Other Real Estate Property
Sector
Real Estate and Rental and Leasing
Tags
Finance, Real Estate Investment Trusts, Real Estate and Rental and Leasing, Lessors of Other Real Estate Property
Country
US
City
San Clemente
About CTRE
caretrust reit, inc. is a publicly-traded real estate investment company engaged in the acquisition, ownership and leasing of seniors housing and healthcare-related properties. with 100 net-leased healthcare properties and three operated seniors housing properties in ten states, caretrust is acquiring and financing additional properties nationwide which will be operated by a diverse group of outstanding local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses. in 2014 caretrust was spun out of the ensign group, one of the country's premier post-acute care and seniors housing providers. founded in 1999 by a small group of leaders dedicated to changing the post-acute care industry "one facility at a time," ensign has written an impressive growth story during a period of change, headwinds, and uncertainty. caretrust carries this excellence-focused, operator-centric mentality in its dna, and seeks now to partner with ot