HONOLULU, Jan. 21, 2021 /PRNewswire/ -- Alexander
& Baldwin, Inc. (NYSE: ALEX) (A&B) today announced
the allocations of the Company's 2020 dividend distributions on its
common shares. The table below, presented on a per share basis, is
provided for informational purposes only and should only be used to
clarify the information on Form 1099-DIV.
Common Shares (CUSIP # 014491104)
|
|
|
|
Ordinary Income in
2020
|
Ex-
Dividend Date
|
Record Date
|
Payable Date
|
Distribution Per
Share
|
Total
|
Non-Qualified
|
Qualified
|
3/5/2020
|
3/9/2020
|
3/24/2020
|
$
0.190
|
$
0.190
|
$
0.190
|
$
─
|
12/24/2020
|
12/28/2020
|
1/12/2021
|
$
0.150
|
$
0.150
|
$
0.150
|
$
─
|
|
|
Totals
|
$
0.340
|
$
0.340
|
$
0.340
|
$
─
|
Shareholders of record should expect to receive IRS Form
1099-DIV ("1099-DIV") from Computershare, the Company's dividend
paying agent. Shareholders of record will receive Forms 1099-DIV
relating to the quarterly dividends paid or deemed paid in 2020.
"Street name" shareholders should expect to receive their Forms
1099-DIV from their bank, brokerage firm, or other nominee. The
amounts indicated on the 2020 Forms 1099-DIV should be reported on
shareholders' 2020 federal income tax returns.
Investors are encouraged to seek legal and/or professional tax
advice about the specific tax treatment of distributions paid by
the Company for the 2020 tax year.
About Alexander & Baldwin, Inc.
Alexander &
Baldwin, Inc. (A&B) is one of Hawai'i's premier commercial real
estate companies and the largest owner of grocery-anchored,
neighborhood shopping centers in the state. A&B owns, operates
and manages approximately 3.9 million square feet of commercial
space in Hawai'i, including 22 retail centers, ten industrial
assets and four office properties, as well as 154 acres of ground
leases. These core assets comprise nearly 72% of A&B's total
assets. A&B's non-core assets include renewable energy
generation facilities, nearly 27,000 acres of agricultural and
conservation land and a vertically integrated paving business.
A&B is achieving its strategic objective of becoming a
Hawai'i-focused commercial real estate company by expanding and
strengthening its Hawai'i CRE portfolio and monetizing non-core
assets. Over its 150-year history, A&B has evolved with the
state's economy and played a leadership role in the development of
the agricultural, transportation, tourism, construction,
residential and commercial real estate industries. Learn more about
A&B at www.alexanderbaldwin.com.
Statements in this release that are not historical facts are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 that involve a number of
risks and uncertainties that could cause actual results to differ
materially from those contemplated by the relevant forward-looking
statements. Such forward-looking statements speak only as of the
date the statements were made and are not guarantees of future
performance. Forward-looking statements are subject to a number of
risks, uncertainties, assumptions and other factors that could
cause actual results and the timing of certain events to differ
materially from those expressed in or implied by the
forward-looking statements. These factors include, but are not
limited to, prevailing market conditions and other factors related
to the Company's REIT status and the Company business generally
discussed in the Company's most recent Form 10-K, Form 10-Q and
other filings with the Securities and Exchange Commission. The
information in this release should be evaluated in light of these
important risk factors. We do not undertake any obligation to
update the Company's forward-looking statements.
Contact:
A&B Investor Relations
(808) 525-8475
investorrelations@abhi.com
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SOURCE Alexander & Baldwin