AvalonBay Communities Announces 2023 Dividend Income Tax Treatment
January 17 2024 - 4:15PM
Business Wire
AvalonBay Communities, Inc. (the “Company”) (NYSE: AVB)
announced today the final income allocations of the Company’s 2023
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)
Declaration Date
Record
Date
Payment
Date
Distribution
Per
Share
Ordinary
Taxable
Dividend
(1)
Qualified
Dividend
Return
of
Capital
Long-Term
Capital
Gain
(2)(3)
Unrecap.
Section
1250
Gain (2)
02/08/23 03/31/23 04/17/23
$
1.65000
$
1.26254
$
0.11130
$
0.00000
$
0.18278
$
0.09338
05/24/23 06/30/23 07/17/23
1.65000
1.26254
0.11130
0.00000
0.18278
0.09338
09/14/23 09/29/23 10/16/23
1.65000
1.26254
0.11130
0.00000
0.18278
0.09338
11/16/23 12/29/23 01/16/24
1.65000
1.26254
0.11130
0.00000
0.18278
0.09338
Totals
$
6.60000
$
5.05016
$
0.44520
$
0.00000
$
0.73112
$
0.37352
100
%
76
%
7
%
0
%
11
%
6
%
Components may not sum to the totals due to rounding
differences. The information above presents final dividend
allocations.
(1)
$1.26254 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)
$0.18278 of each quarterly dividend
classified as Long-Term Capital Gain and $0.09338 of each quarterly
dividend classified as Unrecap. 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
$0.00694, the Three Year Amounts Disclosure is $0.00694, and
$0.17584 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, 2023, the Company owned or held a direct or
indirect ownership interest in 296 apartment communities containing
89,240 apartment homes in 12 states and the District of Columbia,
of which 17 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 regions 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
https://www.avalonbay.com.
Copyright © 2024 AvalonBay Communities, Inc.
All Rights Reserved
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version on businesswire.com: https://www.businesswire.com/news/home/20240117777883/en/
Jason Reilley Vice President Investor Relations AvalonBay
Communities, Inc. 703-317-4681
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