VICI Properties Inc. Announces Tax Treatment of 2020 Dividends
25 Gennaio 2021 - 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 2020 common stock dividends.
Stockholders are encouraged to consult with their 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, 2020:
2020 Dividend Tax Reporting Information (Form
1099-DIV)
2020 Dividends Tax Treatment of 2020 Dividends
Record Date Payment Date Total CashDividend
PerShare Adjustment Total DividendAllocable
to2020 OrdinaryDividendBox 1a Section 199ADividends
(1)(2) Box 5 12/27/2019 1/9/2020
$0.2975
$0.0000
(3)
$0.2975
(3)
$0.2975
$0.2975
3/31/2020 4/9/2020
$0.2975
$0.0000
$0.2975
$0.2975
$0.2975
6/30/2020 7/10/2020
$0.2975
$0.0000
$0.2975
$0.2975
$0.2975
9/30/2020 10/8/2020
$0.3300
$0.0000
$0.3300
$0.3300
$0.3300
12/23/2020 1/7/2021
$0.3300
($0.3300)
(4)
$0.0000
(4)
$0.0000
$0.0000
$1.5525
($0.3300)
$1.2225
$1.2225
$1.2225
(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 included in the
2020 ordinary dividend amounts. (3) 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-DIV. If you were a stockholder
of record as of December 27, 2019, the entire January 2020 dividend
of $0.2975 is reported on your 2020 Form 1099-DIV. (4) Pursuant to
IRC Section 857(b)(9), cash dividends paid on January 7, 2021 with
a record date of December 23, 2020 are treated as received by
stockholders on December 23, 2020 to the extent of 2020 earnings
and profits. As the Company’s aggregate 2020 cash dividends
exceeded its 2020 earnings and profits, the entire January 2021
cash dividend declared in the fourth quarter of 2020 was treated as
a 2021 dividend for federal income tax purposes and not included on
the 2020 Form 1099-DIV. If you were a stockholder of record as of
December 23, 2020, the entire $0.3300 dividend will be reported on
your 2021 Form 1099-DIV.
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 28 gaming facilities
comprising 47 million square feet and features approximately 18,000
hotel rooms and more than 200 restaurants, bars, nightclubs and
sportsbooks. Its properties are leased to industry leading gaming
and hospitality operators, including Caesars Entertainment, Inc.,
Century Casinos, Inc., Hard Rock International, JACK Entertainment
and Penn National Gaming, Inc. VICI Properties also has an
investment in the Chelsea Piers, New York facility and 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/20210125005037/en/
Investors: 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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