MINOT, N.D., Jan 18, 2017 /PRNewswire/ -- IRET (NYSE: IRET) today announced the final tax treatment (Form 1099-DIV) for calendar year 2016 distributions on its common and preferred shares of beneficial interest. Shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment of their IRET distributions. None of the following 2016 calendar year distributions are eligible for treatment as "qualified dividend income."
Security
Description | Record
Date | Payable
Date | Cash
Distribution
Per Share | Ordinary
Taxable
Distribution | Return of
Capital | Total
Capital Gain | Unrecaptured
Section 1250
Gain |
Common Shares
CUSIP: 461730103 Symbol: IRET | 01/04/16 | 01/15/16 | $0.130000 | $0.016164 | $0.000000 | $0.113836 | $0.113836 |
03/21/16 | 04/01/16 | $0.130000 | $0.016164 | $0.000000 | $0.113836 | $0.113836 |
06/15/16 | 07/01/165 | $0.130000 | $0.016164 | $0.000000 | $0.113836 | $0.113836 |
09/15/16 | 10/03/16 | $0.130000 | $0.016164 | $0.000000 | $0.113836 | $0.113836 |
TOTALS | $0.520000 | $0.064656 | $0.000000 | $0.455344 | $0.455344 |
Security
Description | Record
Date | Payable
Date | Cash
Distribution
Per Share | Ordinary
Taxable
Distribution | Return of
Capital | Total
Capital Gain | Unrecaptured
Section 1250
Gain |
Series A
Preferred Shares CUSIP: 461730202 | 03/21/16 | 03/31/16 | $0.515625 | $0.064111 | $0.000000 | $0.451514 | $0.451514 |
06/15/16 | 06/30/16 | $0.515625 | $0.064111 | $0.000000 | $0.451514 | $0.451514 |
09/15/16 | 09/30/16 | $0.515625 | $0.064111 | $0.000000 | $0.451514 | $0.451514 |
Symbol: IRETPR | 12/02/16 | 12/02/16 | $0.360938 | $0.044878 | $0.000000 | $0.316060 | $0.316060 |
TOTALS | $1.907813 | $0.237211 | $0.000000 | $1.670602 | $1.670602 |
Security
Description | Record
Date | Payable
Date | Cash
Distribution
Per Share | Ordinary
Taxable
Distribution | Return of
Capital | Total Capital Gain | Unrecaptured
Section 1250
Gain |
Series B
Preferred Shares CUSIP: 461730301 | 03/21/16 | 03/31/16 | $0.496875 | $0.061780 | $0.000000 | $0.435095 | $0.435095 |
06/15/16 | 06/30/16 | $0.496875 | $0.061780 | $0.000000 | $0.435095 | $0.435095 |
09/15/16 | 09/30/16 | $0.496875 | $0.061780 | $0.000000 | $0.435095 | $0.435095 |
Symbol: IRETPRB | 12/23/16 | 12/31/16 | $0.496875 | $0.061780 | $0.000000 | $0.435095 | $0.435095 |
TOTALS | $1.987500 | $0.247120 | $0.000000 | $1.740380 | $1.740380 |
IRET focuses on the acquisition, development, redevelopment and management of multifamily communities located primarily in select growth markets throughout the Midwest. As of October 31, 2016, IRET owned interests in 130 properties that were held for investment, consisting of: (1) 86 multifamily properties consisting of 12,751 units, and (2) 44 commercial properties, including 30 healthcare properties, containing a total of approximately 2.7 million square feet of leasable space. IRET's common shares and Series B preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: IRET and IRETPRB, respectively). IRET redeemed all of its Series A preferred shares on December 2, 2016. For more information on IRET, please visit IRET's website at www.iret.com or by contacting Investor Relations at 701-837-7104.
CONTACT INFO
Investor Relations
Stephen Swett
phone: 701.837.7104
email: IR@iret.com
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SOURCE Investors Real Estate Trust