Healthpeak Properties Announces Tax Treatment of 2020 Distributions
Common Stock (CUSIP # 42250P103) |
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Ordinary Dividends |
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Capital Gains |
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Record Date |
Payment Date |
Distribution Per Share |
Total |
Non-Qualified |
Qualified |
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Total |
Long Term |
Unrecaptured Section 1250 |
Nondividend Distributions |
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Totals |
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100% |
48.23% |
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35.80% |
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15.97% |
The 2020 Non-Qualified Ordinary Dividends are also reported on Form 1099-DIV, Box 5, Section 199A Dividends. Treasury Regulation §1.199A-3(c)(2)(ii) requires that shareholders hold their REIT shares for at least 45 days in order for the dividends to be treated as Section 199A Dividends. Shareholders should consult with their tax advisors to determine whether this requirement affects any portion of the dividends included in Box 5.
Pursuant to Treasury Regulation §1.1061-6(c), Healthpeak Properties, Inc. is disclosing additional information related to the capital gain dividends reported on Form 1099-DIV, Box 2a, Total Capital Gain Distributions for purposes of Section 1061 of the Internal Revenue Code (IRC). IRC Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests." The "One Year Amounts" and "Three Year Amounts" required to be disclosed are both zero with respect to the 2020 distributions, since all capital gain dividends relate to IRC Section 1231 gains. Shareholders should consult with their tax advisors to determine whether IRC Section 1061 applies to their capital gain dividends.
ABOUT
CONTACT
Barbat Rodgers
Senior Director – Investor Relations
949-407-0400
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