CoreSite Announces Tax Treatment of 2018 Distributions
January 22 2019 - 4:47PM
Business Wire
CoreSite Realty Corporation (NYSE:COR), a premier provider of
secure, reliable, high-performance data center and interconnection
solutions across the U.S., today announced the income tax
allocation for federal income tax purposes of its 2018
distributions on its common stock. As shown in the table below, the
common distributions allocable to tax year 2018 are composed of
76.8572% ordinary dividends and 23.1428% non-dividend
distributions.
CoreSite Common Stock (NYSE:COR; CUSIP:
21870Q105)
RecordDate PayableDate
DistributionPer Share
TaxableOrdinaryDividends*
Long-termCapitalGains
Long-termUnrecapturedSection1250 Gain
QualifiedDividends Return
ofCapital
Section199ADividends*
12/29/17 1/16/18
$0.980000 $0.753201
$0.00 $0.00 $0.00
$0.226799 $0.753201
3/30/18 4/16/18 $0.980000
$0.753201 $0.00
$0.00 $0.00
$0.226799 $0.753201 6/29/18
7/16/18 $1.030000
$0.791630 $0.00 $0.00
$0.00 $0.238370
$0.791630 9/28/18 10/15/18
$1.030000 $0.791630
$0.00 $0.00
$0.00 $0.238370
$0.791630
Total
$4.020000 $3.089662
$0.00 $0.00
$0.00
$0.930338 $3.089662
* The 2018 Taxable Ordinary Dividends are treated as “qualified
REIT dividends” for purposes of Internal Revenue Code Section
199A.
CoreSite Realty Corporation’s tax return for the year ended
December 31, 2018, has not been filed. As a result, the income tax
allocation for the 2018 distributions shown above has been
calculated using the best available information as of the date of
this release.
Please note that federal tax laws affect taxpayers differently,
and the information in this release is not intended as advice to
shareholders on how distributions should be reported on their tax
returns. Also note that state and local taxation of real estate
investment trust distributions varies and may not be the same as
the taxation under the federal rules. CoreSite encourages
shareholders to consult with their own tax advisors as to their
specific federal, state, and local income tax treatment of CoreSite
distributions.
About CoreSite
CoreSite Realty Corporation (NYSE:COR) delivers secure,
reliable, high-performance data center and interconnection
solutions to a growing customer ecosystem across eight key North
American markets. More than 1,350 of the world’s leading
enterprises, network operators, cloud providers, and supporting
service providers choose CoreSite to connect, protect and optimize
their performance-sensitive data, applications and computing
workloads. Our scalable, flexible solutions and 450+ dedicated
employees consistently deliver unmatched data center options — all
of which leads to a best-in-class customer experience and lasting
relationships. For more information, visit www.CoreSite.com.
Forward-Looking Statements
This earnings release and accompanying supplemental information
may contain forward-looking statements within the meaning of the
federal securities laws. Forward-looking statements relate to
expectations, beliefs, projections, future plans and strategies,
anticipated events or trends and similar expressions concerning
matters that are not historical facts. In some cases, you can
identify forward-looking statements by the use of forward-looking
terminology such as “believes,” “expects,” “may,” “will,” “should,”
“seeks,” “approximately,” “intends,” “plans,” “pro forma,”
“estimates” or “anticipates” or the negative of these words and
phrases or similar words or phrases that are predictions of or
indicate future events or trends and that do not relate solely to
historical matters. Forward-looking statements involve known and
unknown risks, uncertainties, assumptions and contingencies, many
of which are beyond CoreSite’s control that may cause actual
results to differ significantly from those expressed in any
forward-looking statement. These risks include, without limitation:
the geographic concentration of the company’s data centers in
certain markets and any adverse developments in local economic
conditions or the demand for data center space in these markets;
fluctuations in interest rates and increased operating costs;
difficulties in identifying properties to acquire and completing
acquisitions; significant industry competition; the company’s
failure to obtain necessary outside financing; the company’s
ability to service existing debt; the company’s failure to qualify
or maintain its status as a REIT; financial market fluctuations;
changes in real estate and zoning laws and increases in real
property tax rates; and other factors affecting the real estate
industry generally. All forward-looking statements reflect the
company’s good faith beliefs, assumptions and expectations, but
they are not guarantees of future performance. Furthermore, the
company disclaims any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions or factors, of new information, data or methods, future
events or other changes. For a further discussion of these and
other factors that could cause the company’s future results to
differ materially from any forward-looking statements, see the
section entitled “Risk Factors” in the company’s most recent annual
report on Form 10-K, and other risks described in documents
subsequently filed by the company from time to time with the
Securities and Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20190122005935/en/
CoreSite ContactCarole JorgensenVice President of
Investor Relations and Corporate
Communications303.405.1012InvestorRelations@CoreSite.com
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