NewLake Capital Partners Announces Tax Characteristics of 2025 Dividends

Rhea-AI Summary

NewLake Capital Partners (OTCQX: NLCP) disclosed the federal tax classification of its 2025 common stock dividends to assist shareholders with Form 1099-DIV reporting. Total distributions for 2025 equal $1.72 per share, comprising $1.48 ordinary dividends and $0.24 return of capital.

Each quarterly distribution was $0.43 per share; the January 15, 2026 payment is taxable in 2025.

Positive

• Total distributions $1.72 per share for 2025
• Ordinary dividends $1.48 per share reported on Form 1099-DIV
• Consistent quarterly rate $0.43 per share across four payments

Negative

• No qualified dividends reported for 2025 (qualified dividends = $0.00)
• Return of capital $0.24 reduces taxable ordinary dividend portion

News Market Reaction – NLCP

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-0.51% News Effect

On the day this news was published, NLCP declined 0.51%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW CANAAN, Conn., Jan. 28, 2026 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced the tax treatment of its common stock dividends declared in 2025.

The below information is provided to assist the Company’s stockholders with tax reporting requirements related to dividend distribution of taxable income by the Company. Stockholders should receive IRS Form 1099-DIV containing this information from their brokers, transfer agents or other institutions. These tax statements should be reviewed to ensure that they agree with the information provided below.

Tax Treatment of Distributions
The Federal Income Tax classification of the 2025 dividend distributions on the Company’s common stock, as it is expected to be reported on Form 1099-DIV, is set forth in the following table:

Record Date	Payment Date	Distribution Rate per Share		Total Ordinary Dividends		Qualified Dividends	Total Capital Gains Distributions	Section 199A Dividends(2)		Total Return of Capital
3/31/2025	4/15/2025	$0.43		$0.37		-	-	$0.37		$0.06
6/30/2025	7/15/2025	$0.43		$0.37		-	-	$0.37		$0.06
9/30/2025	10/15/2025	$0.43		$0.37		-	-	$0.37		$0.06
12/31/2025	1/15/2026(1)	$0.43		$0.37		-	-	$0.37		$0.06
Total		$1.72		$1.48		-	-	$1.48		$0.24

(1)   The cash distributions made on January 15, 2026, with a record date of December 31, 2025, are treated as income and taxable in calendar year 2025.
(2)   Section 199A dividends are a subset of, and included in, the ordinary dividends amount.

Consult Your Tax Advisor
Stockholders may have additional reporting obligations to the Internal Revenue Service and/or other tax authorities.

The U.S. federal income tax treatment of the Company’s common stock to any stockholder will depend on the stockholder’s particular circumstances. You are urged to consult your tax advisor regarding the U.S. federal, state, local and foreign income, and other tax consequences to you, in light of your particular investment or tax circumstances, of acquiring, holding and disposing of the Company’s common stock.

The Company does not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used and cannot be used for the purpose of avoiding U.S., federal, state or local tax penalties. Please consult your advisor as to any tax, accounting or legal statements made herein.

About NewLake Capital Partners, Inc.
NewLake Capital Partners, Inc. is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects. NewLake owns a portfolio of 34 properties, including 15 cultivation facilities and 19 dispensaries, primarily leased to single tenants under triple-net lease agreements. For more information, please visit www.newlake.com.

Forward-Looking Statements
This press release contains “forward-looking statements.” Forward-looking statements can be identified by words like “may,” “will,” “likely,” “should,” “expect,” “anticipate,” “future,” “plan,” “believe,” “intend,” “goal,” “project,” “continue” and similar expressions. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs and expectations. Forward-looking statements, including statements regarding the timing of settlement and the use of proceeds of the initial public offering, are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, changes in the condition of the U.S. economy and, in particular, the U.S. real estate market.

Contact Information:
Lisa Meyer
Chief Financial Officer, Treasurer and Secretary NewLake Capital Partners, Inc.
lmeyer@newlake.com

Investor Contact:
Valter Pinto, Managing Director
KCSA Strategic Communications
NewLake@KCSA.com  
PH: (212) 896-1254

Media Contact:
Ellen Mellody, Senior Vice President
KCSA Strategic Communications
EMellody@kcsa.com
PH: (570) 209-2947

FAQ

What dividend amounts did NewLake (NLCP) report for 2025 per share?

The company reported $1.72 total distributions per share for 2025. According to NewLake, this equals $1.48 ordinary dividends and $0.24 return of capital, from four $0.43 quarterly payments.

How are NewLake's January 15, 2026 distributions treated for tax year 2025 (NLCP)?

Yes, the January 15, 2026 payment is taxable in 2025 for record date December 31, 2025. According to NewLake, brokers should report it on Form 1099-DIV as 2025 income.

Do NewLake (NLCP) shareholders receive qualified dividend treatment for 2025 distributions?

No, NewLake reported no qualified dividends for 2025. According to NewLake, qualified dividends are listed as zero, so shareholders should expect ordinary dividend tax treatment.

How much of NewLake's 2025 distributions were classified as return of capital (NLCP)?

Return of capital totaled $0.24 per share for 2025. According to NewLake, that amount reduces basis and is separate from the $1.48 of ordinary dividends.

Will shareholders receive Form 1099-DIV for NewLake (NLCP) 2025 dividends?

Yes, shareholders should receive Form 1099-DIV from brokers or transfer agents with these tax classifications. According to NewLake, investors should review forms to confirm they match the company’s table.

Who should NewLake (NLCP) investors consult about tax reporting for 2025 dividends?

Investors should consult a qualified tax advisor for personal guidance on reporting and basis adjustments. According to NewLake, tax treatment depends on individual circumstances and the company does not provide tax advice.