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 |
In total (EPA:) |
Form 1099 |
Form 1099 |
Form 1099 |
Form 1099 |
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.
See the original version on businesswire.com: https://www.businesswire.com/news/home/20250121540418/en/
Four Corners Property Trust:
Patrick Wernig, 415-965-8038
financial director
Source: Four Corners Property Trust