CoreSite Announces 2014 Distribution Tax Treatment
January 22 2015 - 8:00AM
Business Wire
CoreSite Realty Corporation (NYSE:COR), a premier provider of
secure, reliable, high-performance data center solutions across the
US, today announced the income tax allocation for federal income
tax purposes of its 2014 distributions on its common and preferred
stock.
Table 1. CoreSite Common Stock (NYSE:COR; CUSIP:
21870Q105)
RecordDate
PayableDate
DistributionPer Share
TaxableOrdinaryDividends
Long-termCapital Gains
Long-termUnrecapturedSection1250 Gain
QualifiedDividends
Return ofCapital
3/31/14 4/15/14 $0.350000
$0.350000 $0.00 $0.00
$0.00 $0.00 6/30/14 7/15/14 0.350000 0.350000 0.00
0.00 0.00 0.00 9/30/14 10/15/14 0.350000 0.350000 0.00 0.00 0.00
0.00 12/31/14 1/15/15 0.098782 0.098782
0.00 0.00 0.00 0.00 Total
$1.148782 $1.148782 $0.00
$0.00 $0.00 $0.00
Table 2. CoreSite Series A Cumulative Redeemable
Preferred Stock (NYSE:CORprA; CUSIP: 21870Q204)
RecordDate
PayableDate
DistributionPer Share
TaxableOrdinaryDividends
Long-termCapitalGains
Long-termUnrecapturedSection1250 Gain
QualifiedDividends
3/31/14 4/15/14 $0.453125
$0.453125 $0.00 $0.00
$0.00 6/30/14 7/15/14 0.453125 0.453125 0.00 0.00 0.00 9/30/14
10/15/14 0.453125 0.453125 0.00 0.00 0.00 12/31/14 1/15/15 0.453125
0.453125 0.00 0.00
0.00 Total $1.812500 $1.812500
$0.00 $0.00 $0.00
Under the tax rules applicable to real estate investment trusts
such as CoreSite, a portion of the $0.42 per common share
distribution at January 15, 2015 applies to tax year 2014 and a
portion applies to tax year 2015.
CoreSite’s tax return for the year ended December 31, 2014, 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 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. CoreSite encourages
shareholders to consult with their own tax advisors as to their
specific federal, state, and local income tax treatment of CoreSite
distributions.
About CoreSite
CoreSite Realty Corporation (NYSE:COR) delivers secure,
reliable, high-performance data center solutions across eight key
North American markets. More than 800 of the world’s leading
enterprises, network operators, cloud providers, and supporting
service providers choose CoreSite to connect, protect and optimize
their performance-sensitive data, applications and computing
workloads. Our scalable, flexible solutions and 350+ dedicated
employees consistently deliver unmatched data center options -- all
of which leads to a best-in-class customer experience and lasting
relationships. For more information, visit www.CoreSite.com.
CoreSite Investor Relations ContactGreer Aviv, +1
303-405-1012 | +1 303-222-7276CoreSite Investor Relations
DirectorGreer.Aviv@CoreSite.com
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