SAN
FRANCISCO, Jan. 26, 2023 /PRNewswire/ -- Prologis,
Inc. (NYSE: PLD), the global leader in logistics real estate, today
announced the tax treatment of its 2022 distributions. Exhibits A
and B reflect the tax treatment of distributions [per share of]
Prologis, Inc. common and preferred stock, respectively, as
prescribed by the Internal Revenue Code.
Persons who held shares of common stock of Prologis, Inc. in
their name at any time during 2022 will receive an IRS Form
1099-DIV via Computershare, Prologis' transfer agent. Persons who
held shares in "street name" during 2022 should note that the Form
1099-DIV will be provided by a bank, brokerage firm or nominee.
Additional information herein may be needed to properly
complete a federal tax return.
This information has been prepared using the best available
information to date. Prologis, Inc.'s federal income tax return for
the year ended December 31, 2022, has
not yet been filed. Please note that federal tax laws affect
taxpayers differently, and we cannot advise on how distributions
should be reported. Please also note that state and local taxation
of REIT distributions may differ from federal rules. Prologis, Inc.
recommends consultation with a tax advisor regarding the federal,
state, and local income tax consequences of these
distributions.
Exhibit A
Tax Treatment of 2022
Common Dividends
Prologis, Inc.
Common Shares
CUSIP # 74340W103
Ticker Symbol: PLD
Record
Date
|
Payable
Date
|
Cash
Distribution
|
Ordinary
Taxable
Income (1)
|
Qualified
Taxable
Dividend (1)
|
Long-Term
Capital Gain
(2)
|
Unrecaptured
Section 1250
Gain (2)
|
Section 199A
Dividends
|
Section 1061
One Year
Amounts
Disclosure (3)
|
Section 1061
Three Year
Amounts
Disclosure (3)
|
Section 897
Capital Gain
|
3/18/2022
|
3/31/2022
|
0.790000
|
0.769136
|
0.003427
|
0.014661
|
0.002776
|
0.769136
|
0.007330
|
0.004501
|
0.000158
|
6/16/2022
|
6/30/2022
|
0.790000
|
0.770565
|
0.004973
|
0.013760
|
0.000702
|
0.770565
|
0.006080
|
0.003733
|
0.000229
|
9/15/2022
|
9/30/2022
|
0.790000
|
0.770565
|
0.004973
|
0.013760
|
0.000702
|
0.770565
|
0.006080
|
0.003733
|
0.000229
|
12/19/2022
|
12/30/2022
|
0.790000
|
0.770565
|
0.004973
|
0.013760
|
0.000702
|
0.770565
|
0.006080
|
0.003733
|
0.000229
|
|
|
(1)
|
The sum of these
amounts will be reported in Box 1a of Form 1099-DIV as Total
Ordinary Dividends.
|
(2)
|
The sum of these
amounts will be reported in Box 2a of Form 1099-DIV as Total
Capital Gain Distributions.
|
(3)
|
For purposes of section
1061 of the Internal Revenue Code, Prologis, Inc. is disclosing two
additional amounts related to the capital gain distribution.
Section 1061 is generally applicable to direct and indirect holders
of "applicable partnership interests."
|
|
|
Exhibit B
Tax Treatment of 2022
Preferred Dividends
Prologis, Inc.
Series Q Cumulative Redeemable Preferred Shares
CUSIP # 74340W202
Ticker Symbol: PLDGP
Record
Date
|
Payable Date
(1)
|
Cash
Distribution
|
Ordinary
Taxable
Income (2)
|
Qualified
Taxable Dividend (2)
|
Long-Term Capital Gain
(3)
|
Unrecaptured
Section 1250
Gain (3)
|
Section 199A
Dividends
|
Section 1061
One Year
Amounts
Disclosure (4)
|
Section 1061
Three Year
Amounts
Disclosure (4)
|
Section 897
Capital Gain
|
3/18/2022
|
3/31/2022
|
1.067500
|
1.035027
|
0.000000
|
0.022508
|
0.009965
|
1.035027
|
0.009021
|
0.000000
|
0.000000
|
6/17/2022
|
6/30/2022
|
1.067500
|
1.041238
|
0.006720
|
0.018593
|
0.000949
|
1.041238
|
0.008215
|
0.005044
|
0.000310
|
9/15/2022
|
9/30/2022
|
1.067500
|
1.041238
|
0.006720
|
0.018593
|
0.000949
|
1.041238
|
0.008215
|
0.005044
|
0.000310
|
12/19/2022
|
1/3/2023
|
1.067500
|
1.041238
|
0.006720
|
0.018593
|
0.000949
|
1.041238
|
0.008215
|
0.005044
|
0.000310
|
|
|
(1)
|
The distributions
payable on January 3, 2023 will be reported on 2022 Form
1099-DIV.
|
(2)
|
The sum of these
amounts will be reported in Box 1a of Form 1099-DIV as Total
Ordinary Dividends.
|
(3)
|
The sum of these
amounts will be reported in Box 2a of Form 1099-DIV as Total
Capital Gain Distributions.
|
(4)
|
For purposes of section
1061 of the Internal Revenue Code, Prologis, Inc. is disclosing two
additional amounts related to the capital gain distribution.
Section 1061 is generally applicable to direct and indirect holders
of "applicable partnership interests."
|
|
|
ABOUT PROLOGIS
Prologis, Inc. is the global leader in logistics real estate
with a focus on high-barrier, high-growth markets. As of
December 31, 2022, the company owned
or had investments in, on a wholly owned basis or through
co-investment ventures, properties and development projects
expected to total approximately 1.2 billion square feet (113
million square meters) in 19 countries. Prologis leases modern
logistics facilities to a diverse base of approximately 6,600
customers principally across two major categories:
business-to-business and retail/online fulfillment.
FORWARD-LOOKING STATEMENTS
The statements in this document that are not historical facts are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements are based on current expectations, estimates and
projections about the industry and markets in which we operate as
well as management's beliefs and assumptions. Such statements
involve uncertainties that could significantly impact our financial
results. Words such as "expects," "anticipates," "intends,"
"plans," "believes," "seeks," and "estimates," including variations
of such words and similar expressions, are intended to identify
such forward-looking statements, which generally are not historical
in nature. All statements that address operating performance,
events or developments that we expect or anticipate will occur in
the future—including statements relating to rent and occupancy
growth, development activity, contribution and disposition
activity, general conditions in the geographic areas where we
operate, our debt, capital structure and financial position, our
ability to form new co-investment ventures and the availability of
capital in existing or new co-investment ventures—are
forward-looking statements. These statements are not guarantees of
future performance and involve certain risks, uncertainties and
assumptions that are difficult to predict. Although we believe the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, we can give no assurance that our
expectations will be attained and, therefore, actual outcomes and
results may differ materially from what is expressed or forecasted
in such forward-looking statements. Some of the factors that may
affect outcomes and results include, but are not limited to: (i)
national, international, regional and local economic and political
climates; (ii) changes in global financial markets, interest rates
and foreign currency exchange rates; (iii) increased or
unanticipated competition for our properties; (iv) risks associated
with acquisitions, dispositions and development of properties; (v)
maintenance of real estate investment trust status, tax structuring
and changes in income tax laws and rates; (vi) availability of
financing and capital, the levels of debt that we maintain and our
credit ratings; (vii) risks related to our investments in our
co-investment ventures, including our ability to establish new
co-investment ventures; (viii) risks of doing business
internationally, including currency risks; (ix) environmental
uncertainties, including risks of natural disasters; (x) risks
related to the current coronavirus pandemic; and (xi) those
additional factors discussed in reports filed with the Securities
and Exchange Commission by us under the heading "Risk Factors." We
undertake no duty to update any forward-looking statements
appearing in this document except as may be required by law.
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SOURCE Prologis, Inc.