FCPT Announces Tax Treatment of 2023 Distributions
22 Gennaio 2024 - 10:05PM
Business Wire
Four Corners Property Trust, Inc. (NYSE: FCPT), a real
estate investment trust primarily engaged in the ownership and
acquisition of high-quality, net-leased restaurant and retail
properties (“FCPT” or the “Company”), announced today the tax
characterization of its 2023 common stock distributions as shown
below.
Record Date
Payment Date
Total 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 of
Capital ($ per share)
Form 1099 Box 5 Section 199A
Dividends ($ per share)
12/30/2022
1/13/2023
$0.3400
$0.3020
-
$0.0380
$0.3020
3/31/2023
4/14/2023
$0.3400
$0.3020
-
$0.0380
$0.3020
6/30/2023
7/14/2023
$0.3400
$0.3020
-
$0.0380
$0.3020
9/29/2023
10/13/2023
$0.3400
$0.3020
-
$0.0380
$0.3020
Totals
$1.3600
$1.2080
-
$0.1520
$1.2080
(1) Qualified Taxable Dividends are a subset of, and included
in, Ordinary Taxable Dividends.
The common stock dividend of $0.3450 per share that was paid on
January 12, 2024 to shareholders of record on December 29, 2023
will be applicable to the 2024 tax year.
If you held common stock of FCPT in your name at any time during
2023, an IRS Form 1099-DIV will be provided to you by Broadridge
Corporate Issuer Solutions, FCPT’s transfer agent during 2023. If
you held shares in "street name" during 2023, the IRS form provided
by your bank, brokerage firm or nominee may report only the gross
distributions 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 associated with the
taxability of the company’s distributions in 2023. This information
has been prepared using the best available information to date.
FCPT’s federal income tax return for the year ended December 31,
2023 has not yet been filed. Please note that federal tax laws
affect taxpayers differently, and we cannot advise you on how
distributions should be reported on your federal income tax return.
Also note that state and local taxation of REIT distributions vary
and may not be the same as the taxation under the federal rules.
Shareholders are encouraged to consult with their tax advisors as
to their specific tax treatment related to FCPT common stock
dividends.
About FCPT:
FCPT, headquartered in Mill Valley, CA, is a real estate
investment trust primarily engaged in the ownership, acquisition
and leasing of restaurant and retail properties. The Company seeks
to grow its portfolio by acquiring additional real estate to lease,
on a net basis, for use in the restaurant and retail industries.
Additional information about FCPT can be found on the website at
www.fcpt.com.
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Four Corners Property Trust: Gerry Morgan, 415-965-8032 CFO
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