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Press Release

Equity Commonwealth Announces Tax Treatment of 2019 Distributions

Company Release - 1/21/2020 7:00 AM ET

CHICAGO--(BUSINESS WIRE)-- Equity Commonwealth (NYSE: EQC) today announced the tax treatment of its 2019 common and preferred share distributions, which are as follows:

Common Stock (CUSIP No. 294628102)

Record Date

Payment
Date

Total
Distribution
per Share

2019 Taxable
Ordinary
Dividends

2019 Total
Capital Gain
Distribution

2019
Unrecaptured
Section 1250
Gain1

2019 Section
199A
Dividends2

10/7/19

10/23/19

$3.50

$ 1.759814

$1.740186

$ 0.097173

$ 1.759814

Series D Cumulative Convertible Preferred Stock (CUSIP No. 294628201)

Record Date

Payment
Date

Total
Distribution
per Share

2019 Taxable
Ordinary
Dividends

2019 Total
Capital Gain
Distribution

2019
Unrecaptured
Section 1250
Gain1

2019 Section
199A
Dividends2

1/30/2019

2/15/19

$ 0.406250

$ 0.204265

$ 0.201985

$ 0.011279

$ 0.204265

4/29/19

5/15/19

$ 0.406250

$ 0.204264

$ 0.201986

$ 0.011279

$ 0.204264

7/30/19

8/15/19

$ 0.406250

$ 0.204264

$ 0.201986

$ 0.011279

$ 0.204264

10/31/19

11/15/19

$ 0.406250

$ 0.204264

$ 0.201986

$ 0.011279

$ 0.204264

 

Total

$ 1.625000

$ 0.817057

$ 0.807943

$ 0.045116

$ 0.817057

12019 Unrecaptured Section 1250 Gain is a subset of, and included in, the 2019 Total Capital Gain Distribution amount.
22019 Section 199A Dividends are reported in Box 5 of Form 1099-DIV. 2019 Section 199A Dividends are a subset of, and included in, 2019 Taxable Ordinary Dividends, which are reported in Box 1a of Form 1099-DIV.

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) with commercial office properties in the United States. As of October 29, 2019, EQC’s portfolio comprised 7 properties and 2.5 million square feet.

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.

Investor Contact
Sarah Byrnes, Equity Commonwealth, (312) 646-2801

Source: Equity Commonwealth