UDR, Inc. Reports Tax Status of 2017 Dividends
January 17 2018 - 4:16PM
Business Wire
UDR, Inc. (NYSE: UDR), reported today the tax status of its 2017
dividends paid to shareholders. Details on the classifications of
the dividends are included in the table below:
RecordDate
PaymentDate
DistributionPer Share
OrdinaryTaxableDividend1
QualifiedOrdinary1
Long-TermGain2
UnrecapturedSection
1250Gain2
ReturnofCapital
Common
Shares:
1/10/2017 1/31/2017 0.29500 83.076% 0.883% 10.905% 5.136% 0.000%
4/10/2017 5/1/2017 0.31000 83.076% 0.883% 10.905% 5.136% 0.000%
7/10/2017 7/31/2017 0.31000 83.076% 0.883% 10.905% 5.136% 0.000%
10/10/2017 10/31/2017 0.31000 83.076% 0.883% 10.905% 5.136% 0.000%
Total $1.22500
Preferred Shares
Series E:
1/10/2017 1/31/2017 0.33220 83.076% 0.883% 10.905% 5.136% 0.000%
4/10/2017 5/1/2017 0.33220 83.076% 0.883% 10.905% 5.136% 0.000%
7/10/2017 7/31/2017 0.33220 83.076% 0.883% 10.905% 5.136% 0.000%
10/10/2017 10/31/2017 0.33220 83.076% 0.883% 10.905% 5.136% 0.000%
Total $1.32880
(1) – the sum of these amounts will be reported on Box 1a
of Form 1099-DIV(2) – the sum of these amounts will be
reported on Box 2a of Form 1099-DIV
Shareholders of record of the Company's common and preferred
stock will receive an Internal Revenue Service Form 1099-DIV from
Wells Fargo Shareowner Services, the Company's 2017 dividend paying
agent. The form will report the dividends paid and the amounts
designated as total ordinary dividends, qualified dividends, total
capital gains, unrecaptured section 1250 gains, and nontaxable
dividends. If shares were held in "street name" during 2017, the
IRS form will be provided by a bank, brokerage firm, or nominee.
Because the Company's tax return has not yet been filed for the
year ended December 31, 2017, the dividend income tax allocations
presented herein have been calculated using the best available
information to date.
The tax treatment of these dividends by state and local
authorities varies and may not be the same as the IRS's treatment.
Because federal and state tax laws affect individuals differently,
the Company cannot advise shareholders on how dividends should be
reported on their tax returns. The Company encourages shareholders
to consult with their own tax advisors with respect to the federal,
state and local income tax consequences of these dividends.
About UDR, Inc.
UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading
multifamily real estate investment trust with a demonstrated
performance history of delivering superior and dependable returns
by successfully managing, buying, selling, developing and
redeveloping attractive real estate properties in targeted U.S.
markets. As of September 30, 2017, UDR owned or had an ownership
position in 50,127 apartment homes including 2,935 homes under
development or in its Development Capital Program. For over 45
years, UDR has delivered long-term value to shareholders, the best
standard of service to residents and the highest quality experience
for associates.
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UDR, Inc.Chris Van Ens, 720-348-7762cvanens@udr.com
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