24Business

FCPT Announces Tax Treatment of Distributions for 2024 Investing.com

MILL VALLEY, Calif.–( BUSINESS WIRE )–Four Corners Property Trust, Inc. (NYSE: NYSE:)a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurants and retail properties (FCPT or the Company), announced today the 2024 tax characterization of its common stock as set forth below.

Date of record

Payment
Date

In total (EPA:)
Distribution
($ per share)

Form 1099
Box 1a
Ordinary
Taxable
Dividend
($ per
share)

Form 1099
Box 1b
Qualified
Taxable
dividend (1)
($ per
share)

Form 1099
Box 3
Return from
Capital
($ per
share)

Form 1099
Box 5
Section
199A
Dividends
($ per
share)

29.12.2023

12.1.2024

$0.3450

$0.3174

$0.0276

$0.3174

28.3.2024

15.4.2024

$0.3450

$0.3174

$0.0276

$0.3174

28.6.2024

July 15, 2024

$0.3450

$0.3174

$0.0276

$0.3174

September 30, 2024

15.10.2024

$0.3450

$0.3174

$0.0276

$0.3174

In total

$1.3800

$1.2696

$0.1104

$1.2696

(1) Qualified taxable dividends are a subset of and are included in ordinary taxable dividends.

The common stock dividend of $0.3550 per share that was paid on January 15, 2025 to shareholders on December 31, 2024 will be applicable to the 2025 taxable year.

If you held FCPT common stock in your name at any time during 2024, an IRS Form 1099-DIV will be provided to you by Broadridge Corporate Issuer Solutions, FCPT’s transfer agent during 2024. If during 2024 you held stock in ” street name” , the IRS form you received from your bank, brokerage firm, or nominee can only report the gross distribution paid to you. Therefore, you may need the information included in this press release to properly complete your federal tax return.

There are many important considerations related to the taxability of company distributions in 2024. This information has been prepared using the best information available to date. FCPT’s federal income tax return for the year ended December 31, 2024 has not yet been filed. Please note that federal tax laws affect taxpayers differently and we cannot advise you on how the distribution should be reported on your federal income tax return. Also note that state and local taxation of REIT distributions differs and may not be the same as taxation under federal rules. Shareholders are encouraged to consult their own tax advisors regarding their specific tax treatment of dividends on FCPT common stock.

About FCPT:

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurants and retail properties. The Company seeks to increase its portfolio by acquiring additional rental properties, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found at www.fcpt.com.

Four Corners Property Trust:
Patrick Wernig, 415-965-8038
financial director

Source: Four Corners Property Trust





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Social Media Auto Publish Powered By : XYZScripts.com