Gaming and Leisure Properties Inc. Announces 2020 Distribution Tax Treatment
January 22 2021 - 11:58AM
Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”)
announced the income tax allocation for federal income tax purposes
of its aggregate distributions in 2020 of $2.50 per share of common
stock (CUSIP: 36467J108).
Form 1099 Reference: |
(Boxes
1a + 2a + 3) |
Box
1a |
Box
1b |
Box
2a |
Box 2b |
Box
3 |
Box
5 |
Record
Date |
Payable Date |
Total Distribution Per Share |
Ordinary Taxable Dividends |
Taxable Qualified Dividends (1) |
Total Capital Gain Distribution |
Unrecaptured 1250 Gain (2) |
Nondividend Distributions (3) |
Section 199A Dividends (4) |
03/06/2020 |
03/20/2020 |
$0.700000 |
$0.686463 |
$0.000000 |
$0.000700 |
- |
$0.012837 |
$0.686463 |
05/13/2020 |
06/26/2020 |
$0.600000 |
$0.588397 |
$0.000000 |
$0.000600 |
- |
$0.011003 |
$0.588397 |
08/17/2020 |
09/25/2020 |
$0.600000 |
$0.588397 |
$0.000000 |
$0.000600 |
- |
$0.011003 |
$0.588397 |
11/16/2020 |
12/24/2020 |
$0.600000 |
$0.588397 |
$0.000000 |
$0.000600 |
- |
$0.011003 |
$0.588397 |
|
Totals |
$2.500000 |
$2.451654 |
$0.000000 |
$0.002500 |
- |
$0.045846 |
$2.451654 |
|
|
|
|
|
|
|
|
|
|
(1) |
Amounts in 1b are included in 1a |
|
|
|
|
|
|
(2) |
Amounts in 2b are included in 2a |
|
|
|
|
|
|
(3) |
Amounts in 3 are also known as Return of Capital |
|
|
|
|
|
(4) |
Amounts in 5 are included in 1a |
|
|
|
|
Gaming and Leisure Properties’ tax return for
the year ended December 31, 2020, has not been filed. As a
result, the income tax allocation for the distributions discussed
above has been calculated using the best available information as
of the date of this press 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.
Shareholders are encouraged to consult with their own tax advisors
as to their specific federal, state, and local income tax treatment
of the Company’s distributions.
About Gaming and Leisure
PropertiesGLPI is engaged in the business of acquiring,
financing, and owning real estate property to be leased to gaming
operators in triple-net lease arrangements, pursuant to which the
tenant is responsible for all facility maintenance, insurance
required in connection with the leased properties and the business
conducted on the leased properties, taxes levied on or with respect
to the leased properties and all utilities and other services
necessary or appropriate for the leased properties and the business
conducted on the leased properties. GLPI elected to be taxed as a
real estate investment trust (“REIT”) for U.S. federal income tax
purposes commencing with the 2014 taxable year and was the first
gaming-focused REIT in North America.
Contact |
|
Gaming and
Leisure Properties, Inc. |
Investor
Relations |
Matthew
Demchyk, Chief Investment Officer |
Joseph
Jaffoni, Richard Land, James Leahy at JCIR |
610/401-2900 |
212/835-8500 |
investorinquiries@glpropinc.com |
glpi@jcir.com |
Gaming and Leisure Prope... (NASDAQ:GLPI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Gaming and Leisure Prope... (NASDAQ:GLPI)
Historical Stock Chart
From Apr 2023 to Apr 2024