Essex Reports Characteristics of 2021 Dividends
Essex Property Trust, Inc. (NYSE:ESS) announced today the income tax treatment for its 2021 distributions to shareholders. The 2021 distribution characteristics are as follows:
Common Stock – CUSIP Number 297178105:
Record
Payment
Cash
Distribution
Ordinary
Taxable
Return of
Capital
Gain
Unrecaptured
Section 1250
Capital Gain
Section
199A
Sec. 897
Capital
Date
Date
Per Share
Dividend
Capital
(20% rate)
(25% rate)
Dividend
Gains
1/4/2021
1/15/2021
$2.07750
$1.47343
$0.00000
$0.45854
$0.14553
$1.47343
$0.60407
3/31/2021
4/15/2021
$2.09000
$1.48229
$0.00000
$0.46130
$0.14641
$1.48229
$0.60771
6/30/2021
7/15/2021
$2.09000
$1.48229
$0.00000
$0.46130
$0.14641
$1.48229
$0.60771
9/30/2021
10/15/2021
$2.09000
$1.48229
$0.00000
$0.46130
$0.14641
$1.48229
$0.60771
Totals:
$8.34750
$5.92030
$0.00000
$1.84244
$0.58476
$5.92030
$2.42720
Percentages:
100%
70.923%
0.000%
22.072%
7.005%
For purposes of calculating alternative minimum taxable income under Sec. 55 of the Internal Revenue Code of 1986, the Company apportions $0.17 per common share attributable to depreciation assuming a full year of ownership.
The Company did not incur any foreign taxes during 2021.
Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of Essex Property Trust, Inc. dividends.
About Essex Property Trust, Inc.
Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 247 apartment communities comprising approximately 60,000 apartment homes with an additional 3 properties in various stages of active development. Additional information about the Company can be found on the Company’s website at www.essex.com.
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