SAN
FRANCISCO, Jan. 26, 2024 /PRNewswire/ -- Prologis,
Inc. (NYSE: PLD), the global leader in logistics real estate, today
announced the tax treatment of its 2023 distributions. Exhibits A
and B reflect the tax treatment of distributions per share of
Prologis, Inc. common and preferred stock, respectively, as
prescribed by the Internal Revenue Code.
Persons who held shares of common stock of Prologis, Inc. in
their name at any time during 2023 will receive an IRS Form
1099-DIV via Computershare, Prologis' transfer agent. Persons who
held shares in "street name" during 2023 should note that the Form
1099-DIV will be provided by a bank, brokerage firm or nominee.
Additional information herein may be needed to properly
complete a federal tax return.
This information has been prepared using the best available
information to date. Prologis, Inc.'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 on how distributions
should be reported. Please also note that state and local taxation
of REIT distributions may differ from federal rules. Prologis, Inc.
recommends consultation with a tax advisor regarding the federal,
state, and local income tax consequences of these
distributions.
Exhibit A
Tax Treatment of 2023
Common Dividends
Prologis, Inc.
Common Shares
CUSIP # 74340W103
Ticker Symbol: PLD
Record
Date
|
Payable
Date
|
Cash
Distribution
|
Ordinary
Taxable
Income (1)
|
Qualified
Taxable
Dividend (1)
|
Long-Term
Capital Gain (2)
|
Unrecaptured
Section 1250
Gain (2)
|
Section 199A
Dividends
|
Section 1061
One Year
Amounts
Disclosure (3)
|
Section 1061
Three Year
Amounts
Disclosure (3)
|
Section 897
Capital Gain
|
3/17/2023
|
3/31/2023
|
0.870000
|
0.823639
|
0.001037
|
0.033374
|
0.011950
|
0.823639
|
0.042583
|
0.039437
|
0.044776
|
6/16/2023
|
6/30/2023
|
0.870000
|
0.821605
|
0.001235
|
0.033026
|
0.014134
|
0.821605
|
0.044920
|
0.044920
|
0.050995
|
9/18/2023
|
9/29/2023
|
0.870000
|
0.821605
|
0.001235
|
0.033026
|
0.014134
|
0.821605
|
0.044920
|
0.044920
|
0.050995
|
12/18/2023
|
12/29/2023
|
0.870000
|
0.821605
|
0.001235
|
0.033026
|
0.014134
|
0.821605
|
0.044920
|
0.044920
|
0.050995
|
(1)
The sum of these amounts will be reported
in Box 1a of Form 1099-DIV as Total Ordinary Dividends.
(2)
The sum of these amounts will be reported
in Box 2a of Form 1099-DIV as Total Capital Gain
Distributions.
(3)
For purposes of section 1061 of the
Internal Revenue Code, Prologis, Inc. is disclosing two additional
amounts related to the capital gain distribution. Section 1061 is
generally applicable to direct and indirect holders of "applicable
partnership interests."
|
|
|
|
|
|
|
Exhibit B
Tax Treatment of 2023
Preferred Dividends
Prologis, Inc.
Series Q Cumulative Redeemable Preferred Shares
CUSIP # 74340W202
Ticker Symbol: PLDGP
Record
Date
|
Payable Date
(1)
|
Cash
Distribution
|
Ordinary
Taxable
Income (2)
|
Qualified
Taxable
Dividend (2)
|
Long-Term
Capital Gain (3)
|
Unrecaptured
Section 1250
Gain (3)
|
Section 199A
Dividends
|
Section 1061
One Year
Amounts
Disclosure (4)
|
Section 1061
Three Year
Amounts
Disclosure (4)
|
Section 897
Capital Gain
|
3/17/2023
|
3/31/2023
|
1.067500
|
1.023681
|
0.000000
|
0.043189
|
0.000630
|
1.023681
|
0.037234
|
0.013158
|
0.014977
|
6/16/2023
|
6/30/2023
|
1.067500
|
1.008119
|
0.001515
|
0.040524
|
0.017342
|
1.008119
|
0.055117
|
0.055117
|
0.062572
|
9/18/2023
|
10/2/2023
|
1.067500
|
1.008119
|
0.001515
|
0.040524
|
0.017342
|
1.008119
|
0.055117
|
0.055117
|
0.062572
|
12/18/2023
|
1/2/2024
|
1.067500
|
1.008119
|
0.001515
|
0.040524
|
0.017342
|
1.008119
|
0.055117
|
0.055117
|
0.062572
|
(1)
The distributions payable on January 2,
2024 will be reported on the 2023 Form 1099-DIV.
(2)
The sum of these amounts will be reported
in Box 1a of Form 1099-DIV as Total Ordinary Dividends.
(3)
The sum of these amounts will be reported
in Box 2a of Form 1099-DIV as Total Capital Gain
Distributions.
(4)
For purposes of section 1061 of the
Internal Revenue Code, Prologis, Inc. is disclosing two additional
amounts related to the capital gain distribution. Section 1061 is
generally applicable to direct and indirect holders of "applicable
partnership interests."
|
|
|
|
|
|
|
|
|
|
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ABOUT PROLOGIS
Prologis, Inc. is the
global leader in logistics real estate with a focus on
high-barrier, high-growth markets. At December 31, 2023, the company owned or had
investments in, on a wholly owned basis or through co-investment
ventures, properties and development projects expected to total
approximately 1.2 billion square feet (115 million square meters)
in 19 countries. Prologis leases modern logistics facilities to a
diverse base of approximately 6,700 customers principally across
two major categories: business-to-business and retail/online
fulfillment.
FORWARD-LOOKING STATEMENTS
The statements in this document that are not historical facts are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements are based on current expectations, estimates and
projections about the industry and markets in which we operate as
well as management's beliefs and assumptions. Such statements
involve uncertainties that could significantly impact our financial
results. Words such as "expects" "anticipates," "intends," "plans,"
"believes," "seeks," and "estimates" including variations of such
words and similar expressions are intended to identify such
forward-looking statements, which generally are not historical in
nature. All statements that address operating performance, events
or developments that we expect or anticipate will occur in the
future—including statements relating to rent and occupancy growth,
acquisition and development activity, contribution and disposition
activity, general conditions in the geographic areas where we
operate, our debt, capital structure and financial position, our
ability to earn revenues from co-investment ventures, form new
co-investment ventures and the availability of capital in existing
or new co-investment ventures—are forward-looking statements. These
statements are not guarantees of future performance and involve
certain risks, uncertainties and assumptions that are difficult to
predict. Although we believe the expectations reflected in any
forward-looking statements are based on reasonable assumptions, we
can give no assurance that our expectations will be attained and,
therefore, actual outcomes and results may differ materially from
what is expressed or forecasted in such forward-looking statements.
Some of the factors that may affect outcomes and results include,
but are not limited to: (i) international, national, regional and
local economic and political climates and conditions; (ii) changes
in global financial markets, interest rates and foreign currency
exchange rates; (iii) increased or unanticipated competition for
our properties; (iv) risks associated with acquisitions,
dispositions and development of properties, including the
integration of the operations of significant real estate
portfolios; (v) maintenance of Real Estate Investment Trust status,
tax structuring and changes in income tax laws and rates; (vi)
availability of financing and capital, the levels of debt that we
maintain and our credit ratings; (vii) risks related to our
investments in our co-investment ventures, including our ability to
establish new co-investment ventures; (viii) risks of doing
business internationally, including currency risks; (ix)
environmental uncertainties, including risks of natural disasters;
(x) risks related to global pandemics; and (xi) those additional
factors discussed in reports filed with the Securities and Exchange
Commission by us under the heading "Risk Factors." We undertake no
duty to update any forward-looking statements appearing in this
document except as may be required by law.

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SOURCE Prologis, Inc.