CHICAGO--(BUSINESS WIRE)--
Equity Commonwealth (NYSE: EQC) today announced the tax treatment of its
2016 preferred share distributions, which are as follows:
Series D Cumulative Redeemable Preferred Stock (CUSIP No. 294628201)
|
|
|
|
| |
|
|
|
| |
|
|
|
| |
|
|
|
| Unrecaptured |
Record Date | | | | | Payable Date | | | | | Distribution Per | | | | | Capital Gain | | | | | Section 1250 |
| | | | | | | | | | Share | | | | | | | | | | Gain(1)
|
| 10/28/2016 | | | | | 11/15/2016 | | | | | $0.40625 | | | | | $0.40625 | | | | | $0.40625 |
| 07/29/2016 | | | | | 08/15/2016 | | | | | $0.40625 | | | | | $0.40625 | | | | | $0.40625 |
| 04/25/2015 | | | | | 05/16/2016 | | | | | $0.40625 | | | | | $0.40625 | | | | | $0.40625 |
| 02/05/2016 |
|
|
|
| 02/16/2016 |
|
|
|
| $0.40625 |
|
|
|
| $0.40625 |
|
|
|
| $0.40625 |
|
|
|
|
|
|
Total
|
|
|
|
| $1.62500 |
|
|
|
| $1.62500 |
|
|
|
| $1.62500 |
| | | | | | | | | | | | | | | | | | | |
|
Series E Cumulative Redeemable Preferred Stock (CUSIP No. 294628409)
|
|
|
| |
|
|
| |
|
|
| |
|
|
| Unrecaptured |
Record Date | | | | Payable Date | | | | Distribution Per | | | | Capital Gain | | | | Section 1250 |
| | | | | | | | Share | | | | | | | | Gain(1)
|
| 04/25/2016 | | | | 05/16/2016 | | | | $0.453125 | | | | $0.453125 | | | | $0.453125 |
| 02/05/2016 |
|
|
| 02/16/2016 |
|
|
| $0.453125 |
|
|
| $0.453125 |
|
|
| $0.453125 |
|
|
|
|
|
Total
|
|
|
| $0.906250 |
|
|
| $0.906250 |
|
|
| $0.906250 |
(1)Unrecaptured Section 1250 Gain is a subset of, and
is included in, Capital Gain. |
|
|
Alternative Minimum Tax
The Company has determined that 96.31% of each distribution to its
shareholders for the tax year ended December 31, 2016 consists of an
alternative minimum tax adjustment (i.e., for each $1 of distribution
reportable by a shareholder, $0.9631 represents a positive alternative
minimum tax adjustment). To determine your share of the Company’s
positive alternative minimum tax adjustment, multiply the aggregate
dollar amount of your reportable 2016 distribution from the Company (the
sum of the amounts shown in Boxes 1a and 2a of the Company’s 2016
Form 1099-DIV) by 0.9631.
This release is based on estimates and is subject to correction or
adjustment when the tax filings are completed. The Company is releasing
information at this time to aid those required to distribute Form 1099
on the Company’s distributions. 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 throughout the United States. As of November 2, 2016,
EQC’s portfolio comprised 37 properties and 16.7 million square feet.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170120005588/en/
Investor Contact
Equity Commonwealth
Sarah Byrnes,
(312) 646-2801
Source: Equity Commonwealth