ATLANTA, Jan. 22, 2020 /PRNewswire/ -- Cousins Properties
(NYSE:CUZ) announced today the year-end tax reporting information
for its 2019 distributions and the 2019 distributions of TIER REIT,
Inc., which merged with the Company on June
14, 2019. Due to the one-for-four reverse stock split
which occurred on June 14, 2019,
Cousins' distributions for the tax year ended December 31, 2019 are reported on two separate
Forms 1099-DIV as follows:
CUSIP: 222795106 from January 1,
2019 to June 14, 2019
1
|
Record
Date
|
Paid
Date
|
Total
Distributions
Per Share
|
Ordinary
Dividends
|
Capital
Gain
Distributions
|
Unrecaptured
Sec. 1250
Gain 2
|
Section
199A
Dividends
|
|
1/4/2019
|
1/14/2019
|
$0.065000
|
$0.034294
|
$0.030706
|
$0.000000
|
$0.034294
|
|
4/3/2019
|
4/15/2019
|
$0.072500
|
$0.071299
|
$0.001201
|
$0.000000
|
$0.071299
|
|
|
1 Does not reflect one-for-four
reverse stock split.
2 Represents unrecaptured section 1250 gain
included in capital gain distributions.
|
CUSIP: 222795502 from June 15,
2019 to December 31,
2019
|
Record
Date
|
Paid
Date
|
Total
Distributions
Per Share
|
Ordinary
Dividends
|
Capital
Gain
Distributions
|
Unrecaptured
Sec. 1250
Gain 1
|
Section
199A
Dividends
|
|
7/3/2019
|
7/15/2019
|
$0.290000
|
$0.290000
|
$0.000000
|
$0.000000
|
$0.290000
|
|
10/3/2019
|
10/15/2019
|
$0.290000
|
$0.270761
|
$0.019239
|
$0.000000
|
$0.270761
|
|
|
1 Represents unrecaptured section
1250 gain included in capital gain distributions.
|
Additionally, distributions for stockholders of TIER REIT, Inc.
prior to the merger with Cousins on June 14,
2019, are classified as follows:
CUSIP: 88650V208
|
Record
Date
|
Paid
Date
|
Total
Distributions
Per Share
|
Ordinary
Dividends
|
Capital
Gain
Distributions
|
Unrecaptured
Sec. 1250
Gain 1
|
Nondividend
Distributions
|
Section
199A
Dividends
|
|
3/15/19
|
3/29/19
|
$0.180000
|
$0.00000
|
$0.00000
|
$0.000000
|
$0.180000
|
$0.00000
|
|
|
1 Represents unrecaptured section
1250 gain included in capital gain distributions.
|
This release has been prepared with the information available to
date because the Company's and TIER REIT, Inc.'s tax returns have
not yet been filed. The tax consequences of these
distributions to each stockholder depend on such stockholder's
particular facts and circumstances. Stockholders are thus
encouraged to consult with their tax advisors as to the U.S.
federal, state, local, and non-U.S. tax treatment of these
distributions. No material change in the taxable
classifications is expected.
About Cousins Properties
Cousins Properties is a
fully integrated, self-administered and self-managed real estate
investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating
partnership, Cousins Properties LP, primarily invests in Class A
office towers located in high growth Sun Belt markets. Founded in
1958, Cousins creates shareholder value through its extensive
expertise in the development, acquisition, leasing, and management
of high-quality real estate assets. The Company has a comprehensive
strategy in place based on a simple platform, trophy assets, and
opportunistic investments. For more information, please visit
www.cousins.com.
CONTACT:
Roni Imbeaux
Vice President, Finance & Investor Relations
404-407-1104
RImbeaux@cousins.com
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SOURCE Cousins Properties