AvalonBay Communities Announces 2022 Dividend Income Tax Treatment
January 17 2023 - 4:15PM
Business Wire
AvalonBay Communities, Inc. (the “Company”) (NYSE: AVB)
announced today the final income allocations of the Company’s 2022
dividend distributions on its Common Stock. The final dividend
allocations as they will be reported on Form 1099-DIV are set forth
in the following table:
Common Shares (CUSIP #053484101)
DeclarationDate RecordDate PaymentDate DistributionPer Share OrdinaryTaxableDividend (1) Return ofCapital Long-TermCapital Gain(2)(3) Unrecap.Section 1250Gain (2)
02/17/22
03/31/22
04/15/22
$
1.59000
$
1.30458
$
0.00000
$
0.24180
$
0.04363
05/19/22
06/30/22
07/15/22
1.59000
1.30458
0.00000
0.24180
0.04363
09/15/22
09/30/22
10/17/22
1.59000
1.30458
0.00000
0.24180
0.04363
11/10/22
12/30/22
01/17/23
1.59000
1.30458
0.00000
0.24180
0.04363
Totals
$
6.36000
$
5.21832
$
0.00000
$
0.96718
$
0.17450
100%
82%
0%
15%
3%
Components may not sum to the totals due to rounding
differences. The information above presents final dividend
allocations.
(1) $1.30458 of each quarterly dividend
classified as taxable ordinary dividend is treated as qualified
REIT dividends for purposes of Internal Revenue Code (IRC) Section
199A.
(2) $0.24180 of each quarterly dividend
classified as Long-Term Capital Gain and $0.04363 of each quarterly
dividend classified as Unrecaptured Section 1250 Gain dividends are
treated as a Disposition of investment in United States Real
Property for purposes of Internal Revenue Code (IRC) Section
897.
(3) For each quarterly dividend classified as
Long-Term Capital Gain, the One Year Amounts Disclosure is
$0.03571, the Three Year Amounts Disclosure is $0.03571, and
0.20609 is Section 1231 gain for purposes of Internal Revenue Code
(IRC) Section 1061. Section 1061 is generally applicable to direct
and indirect holders of “applicable partnership interests.”
Please consult your tax advisor.
About AvalonBay Communities, Inc.
As of September 30, 2022, the Company owned or held a direct or
indirect ownership interest in 293 apartment communities containing
88,405 apartment homes in 12 states and the District of Columbia,
of which 18 communities were under development and one community
was under redevelopment. The Company is an equity REIT in the
business of developing, redeveloping, acquiring and managing
apartment communities in leading metropolitan areas in New England,
the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific
Northwest, and Northern and Southern California, as well as in the
Company's expansion markets of Raleigh-Durham and Charlotte, North
Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver,
Colorado. More information may be found on the Company’s website at
http://www.avalonbay.com.
Copyright © 2023 AvalonBay Communities, Inc.
All Rights Reserved
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version on businesswire.com: https://www.businesswire.com/news/home/20230117006067/en/
Jason Reilley Vice President Investor Relations AvalonBay
Communities, Inc. 703-317-4681
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