Innovative Industrial Properties Announces Tax Treatment of 2021 Distributions

CANNANNEW REPORT

SAN DIEGO–(BUSINESS WIRE)–$IIPR #Dividendstocks–Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) today announced the tax treatment of its 2021 distributions as follows: Security Description: Common Stock CUSIP: 45781V101 Ticker Symbol: IIPR     Record Date   Payable Date Total Distribution Per Share   Allocable to 2021 Taxable Ordinary Dividend   Return of Capital   Long-Term Capital Gain Unrecaptured Section 1250 Gain Section 199A Dividend(1) 12/31/2020 01/15/2021 $1.240000 $1.020000 $1.020000 $0.000000 $0.000000 $0.000000 $1.020000 03/31/2021 04/15/2021 $1.320000 $1.320000 $1.320000 $0.000000 $0.000000 $0.000000 $1.320000 06/30/2021 07/15/2021 $1.400000 $1.400000 $1.400000 $0.000000 $0.000000 $0.000000 $1.400000 09/30/2021 10/15/2021 $1.500000 $1.500000 $1.500000 $0.000000 $0.000000 $0.000000 $1.500000 12/31/2021 01/14/2022 $1.500000 $0.100000 $0.100000 $0.000000 $0.000000 $0.000000 $0.100000   Totals $6.960000 $5.340000 $5.340000 $0.000000 $0.000000 $0.000000 $5.340000 Security Description: 9.00% Series A Cumulative Redeemable Preferred Stock CUSIP: 45781V200 Ticker Symbol: IIPR PR A     Record Date   Payable Date Total Distribution Per Share   Allocable to 2020 Taxable Ordinary Dividend   Return of Capital   Long-Term Capital Gain Unrecaptured Section 1250 Gain Section 199A Dividend(1) 03/31/2021 04/15/2021 $0.562500 $0.562500 $0.562500 $0.000000 $0.000000 $0.000000 $0.562500 06/30/2021 07/15/2021 $0.562500 $0.562500 $0.562500 $0.000000 $0.000000 $0.000000 $0.562500 09/30/2021 10/15/2021 $0.562500 $0.562500 $0.562500 $0.000000 $0.000000 $0.000000 $0.562500 12/31/2021 01/14/2022 $0.562500 $0.562500 $0.562500 $0.000000 $0.000000 $0.000000 $0.562500   Totals $2.250000 $2.250000 $2.250000 $0.000000 $0.000000 $0.000000 $2.250000 (1) These amounts are a subset of, and included in, Taxable Ordinary Dividend amounts. The common stock distribution with a record date of December 31, 2021 will be a split-year distribution, with $0.10 allocable to 2021 for federal income tax purposes and $1.40 allocable to 2022 for federal income tax purposes. As previously disclosed by IIP on February 1, 2021 in its press release announcing the tax treatment of 2020 dividends, the common stock distribution with a record date of December 31, 2020 was a split-year distribution, with $0.22…

Excerpt only …
READ MORE BELOW
Source : Innovative Industrial Properties Announces Tax Treatment of 2021 Distributions

reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.