VICI Properties Inc. Announces Tax Treatment of 2019 Dividends
30 Gennaio 2020 - 10:15PM
Business Wire
VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the
“Company”), an experiential real estate investment trust, today
announced the tax treatment of its 2019 common stock dividends.
Stockholders are encouraged to consult with their personal tax
advisors as to their specific tax treatment of VICI Properties’
dividends. The following table summarizes the Company’s common
stock dividend payments for the tax year ended December 31,
2019:
2019 Dividend Tax Reporting Information (Form
1099-DIV)
2019 Dividends Tax Treatment of 2019
Dividends Record Date Payment Date Total
CashDividendPer Share Adjustment
Total DividendAllocable to2019
OrdinaryDividend Section 199ADividends (1)(2)
QualifiedDividend(2) Non-DividendDistribution(3)
Box
1a Box 5 Box 1b Box 3 12/28/2018 1/10/2019
$0.0000
$0.0724
(4)
$0.0724
(4)
$0.0649
$0.0625
$0.0023
$0.0075
3/29/2019 4/11/2019
$0.2875
$0.0000
$0.2875
$0.2575
$0.2482
$0.0093
$0.0300
6/28/2019 7/12/2019
$0.2875
$0.0000
$0.2875
$0.2575
$0.2482
$0.0093
$0.0300
9/27/2019 10/10/2019
$0.2975
$0.0000
$0.2975
$0.2665
$0.2569
$0.0096
$0.0310
12/27/2019 1/9/2020
$0.2975
($0.2975)
(5)
$0.0000
(5)
$0.0000
$0.0000
$0.0000
$0.0000
$1.1700
($0.2251)
$0.9449
$0.8465
$0.8159
$0.0306
$0.0985
(1) Treasury Regulation §1.199A-3(c)(2)(ii) requires that
stockholders hold their REIT shares for at least 46 days during the
91 day period beginning on the date that is 45 days before the date
on which such shares become ex-dividend with respect to such
dividend in order for the dividends to be treated as Section 199A
Dividends. Stockholders should consult with their tax
advisors to determine whether this requirement affects any portion
of the dividends included in Box 5. (2) These amounts are a subset
of, and are included in, the 2019 ordinary dividend amounts. (3)
Represents a return of capital. (4) As the Company’s
aggregate 2018 cash dividends exceeded its 2018 earnings and
profits, a portion of the January 2019 cash dividend declared in
the fourth quarter of 2018 was treated as a 2019 dividend for
federal income tax purposes and not included on the 2018 Form 1099.
If you were a stockholder of record as of December 28, 2018,
$0.2151 was reported on your 2018 Form 1099 and $0.0724 is reported
on your 2019 Form 1099. (5) Pursuant to IRC Section 857(b)(9), cash
dividends paid on January 9, 2020 with a record date of December
27, 2019 are treated as received by stockholders on December 27,
2019 to the extent of 2019 earnings and profits. As the Company’s
aggregate 2019 cash dividends exceeded its 2019 earnings and
profits, the entire January 2020 cash dividend declared in the
fourth quarter of 2019 was treated as a 2020 dividend for federal
income tax purposes and not included on the 2019 Form 1099. If you
were a stockholder of record as of December 27, 2019, the entire
$0.2975 dividend will be reported on your 2020 Form 1099.
About VICI Properties
VICI Properties is an experiential real estate investment trust
that owns one of the largest portfolios of market-leading gaming,
hospitality and entertainment destinations, including the
world-renowned Caesars Palace. VICI Properties’ national,
geographically diverse portfolio consists of 29 gaming facilities
comprising over 40 million square feet and features approximately
15,600 hotel rooms and more than 180 restaurants, bars and
nightclubs. Its properties are leased to industry leading gaming
and hospitality operators, including Caesars Entertainment
Corporation, Century Casinos Inc., Hard Rock International, JACK
Entertainment and Penn National Gaming, Inc. VICI Properties also
owns four championship golf courses and 34 acres of undeveloped
land adjacent to the Las Vegas Strip. VICI Properties’ strategy is
to create the nation’s highest quality and most productive
experiential real estate portfolio. For additional information,
please visit www.viciproperties.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200130005713/en/
Investor: Investors@viciproperties.com (646) 949-4631 Or
David Kieske EVP, Chief Financial Officer
DKieske@viciproperties.com
Danny Valoy Vice President, Finance
DValoy@viciproperties.com
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