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Equity LifeStyle Properties, Inc. (ELS) has announced the tax treatment of their 2023 common stock distributions. The total distribution for 2023 is $2.200000, with $1.795010 allocated as ordinary taxable dividends. The company owns or has an interest in 450 properties in the US, consisting of 171,707 sites.
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CHICAGO--(BUSINESS WIRE)--
Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as “we,” “us” and “our”) today announced the tax treatment of our 2023 common stock distributions. The following table summarizes the income tax treatment of our 2023 distributions.
Common Stock (CUSIP No. 29472R108)
Record
Date
Payable
Date
Distribution
Per Share
Total
Distribution
Allocable to
2023
Long-Term
Capital
Gains
Dividend
Ordinary
Taxable
Dividend
Nondividend
Distribution
Qualified REIT
Dividend for IRC
§199A
12/30/2022
01/13/2023
$0.410000
$0.005010
$0.000012
$0.004603
$0.000395
$0.004603
03/31/2023
04/14/2023
$0.447500
$0.447500
$0.001105
$0.411168
$0.035227
$0.411168
06/30/2023
07/14/2023
$0.447500
$0.447500
$0.001105
$0.411168
$0.035227
$0.411168
09/29/2023
10/13/2023
$0.447500
$0.447500
$0.001105
$0.411168
$0.035227
$0.411168
12/29/2023
01/12/2024
$0.447500
$0.447500
$0.001105
$0.411168
$0.035227
$0.411168
TOTALS
$2.200000
$1.795010
$0.004432
$1.649275
$0.141303
$1.649275
The common stock distribution with a record date of December 30, 2022, paid on January 13, 2023, is a split-year distribution with $0.005010 considered a distribution made in 2023 for federal income tax purposes.
Pursuant to Treas. Reg. § 1.1061-6(c), we report that for purposes of section 1061 of the Internal Revenue Code, the One Year Amounts Disclosure and the Three Year Amounts Disclosure are both $0.004432 per share with respect to direct and indirect holders of “applicable partnership interests.”
Stockholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from us.
As of October 16, 2023, we owned or had an interest in 450 properties located predominantly in the United States consisting of 171,707 sites. We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago.
equity lifestyle properties, inc. owns and operates the highest quality portfolio of resort communities in the united states. we have a controlling interest in over 300 quality resorts in 28 states and british columbia with over 110,000 sites. our goal is to create value for residents and investors by providing consistently high levels of services and amenities in attractive surroundings. our high standards have been recognized with several "community of the year" awards for the outstanding quality of our communities and the professionalism of our management. equity lifestyle properties is a real estate investment trust (reit) traded on the new york stock exchange under the symbol "els." our size, national scope and status as a publicly traded company afford us benefits unavailable to smaller, private owners. we have access to capital that allows us to grow, and to expand and upgrade existing communities. we are able to streamline our management operations, owning multiple communitie