Equity Commonwealth (NYSE: EQC) today announced the tax treatment of its 2024 common and preferred share distributions, which is as follows:
Common Stock (CUSIP No. 294628102)
Record Date |
Payment Date |
Total Distribution per Share |
2024 Cash Liquidation Distribution1 |
11/25/2024 |
12/6/2024 |
$ 19.00 |
$ 19.00 |
Series D Cumulative Convertible Preferred Stock (CUSIP No. 294628201)
Record Date |
Payment Date |
Total Distribution per Share |
2024 Taxable Ordinary Dividends |
2024 Section 199A Dividends2 |
2024 Cash Liquidation Distribution3 |
||||
1/31/2024 |
2/15/2024 |
$ |
0.406250 |
$ |
0.406250 |
$ |
0.406250 |
$ |
0.000000 |
4/30/2024 |
5/15/2024 |
$ |
0.406250 |
$ |
0.406250 |
$ |
0.406250 |
$ |
0.000000 |
7/31/2024 |
8/15/2024 |
$ |
0.406250 |
$ |
0.406250 |
$ |
0.406250 |
$ |
0.000000 |
10/31/2024 |
11/15/2024 |
$ |
0.406250 |
$ |
0.406250 |
$ |
0.406250 |
$ |
0.000000 |
12/3/2024 |
12/3/2024 |
$ |
25.0858 |
$ |
0.000000 |
$ |
0.000000 |
$ |
25.0858 |
|
Total |
$ |
26.7108 |
$ |
1.625000 |
$ |
1.625000 |
$ |
25.0858 |
1Cash Liquidation Distributions are reported in Box 9 of Form 1099-DIV. Liquidation distributions are first applied against shareholder tax basis, but not below zero (i.e., return of capital). To the extent liquidation distributions exceed shareholder tax basis, such excess is taxable gain in the year of receipt. To the extent liquidation distributions are less than shareholder tax basis, any loss will be recognized in the year the final liquidation distribution is received.
22024 Section 199A Dividends are reported in Box 5 of Form 1099-DIV. 2024 Section 199A Dividends are a subset of, and included in, 2024 Taxable Ordinary Dividends, which are reported in Box 1a of Form 1099-DIV.
3Cash Liquidation Distribution is reported in Box 9 of Form 1099-DIV. Preferred shareholders will recognize taxable gain to the extent the liquidation distribution exceeds their tax basis. To the extent the liquidation distribution is less than the preferred shareholder’s tax basis, loss will be recognized.
This release is based on estimates and is subject to correction or adjustment when the tax filings are completed. No material change in these classifications is expected. Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from the Company.
About Equity Commonwealth
Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT).
Regulation FD Disclosures
We use any of the following to comply with our disclosure obligations under Regulation FD: press releases, SEC filings, public conference calls, or our website. We routinely post important information on our website at www.eqcre.com, including information that may be deemed to be material. We encourage investors and others interested in the company to monitor these distribution channels for material disclosures.
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Contacts
Investor Contact
Bill Griffiths, Equity Commonwealth, (312) 646-2801
