AvalonBay Communities Announces 2018 Dividend Income Tax Treatment
ARLINGTON, Va.--(BUSINESS WIRE)-- AvalonBay Communities, Inc. (the “Company”) (NYSE: AVB) announced today the final income allocations of the Company’s 2018 dividend distributions on its Common Stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table:
Common Shares (CUSIP #053484101)
|
Declaration Date |
Record Date |
Payable Date |
Distribution Per Share |
Taxable
Ordinary |
Return of Capital |
Capital Gain |
Unrecap. 1250 Gain |
||||||||||||
| 01/30/18 | 03/29/18 | 04/16/18 | $ |
1.47000 |
$ | 1.11720 | $ | 0.00000 | $ | 0.16170 | $ | 0.19110 | |||||||
| 05/23/18 | 06/29/18 | 07/16/18 | 1.47000 |
1.11720 |
0.00000 |
0.16170 |
0.19110 |
||||||||||||
| 09/18/18 | 09/28/18 | 10/15/18 | 1.47000 |
1.11720 |
0.00000 |
0.16170 |
0.19110 |
||||||||||||
| 11/14/18 | 12/31/18 | 01/15/19 | 1.47000 |
1.11720 |
0.00000 |
0.16170 |
0.19110 |
||||||||||||
| Totals | $ | 5.88000 | $ | 4.46880 | $ | 0.00000 | $ |
0.64680 |
$ | 0.76440 | |||||||||
| 100% | 76% | 0% | 11% | 13% | |||||||||||||||
Components may not sum to the totals due to rounding differences. The information above presents final income allocations.
(1) None of the dividends classified as taxable ordinary income
represents “qualified dividend income.”
(2) 100% of the dividends
classified as taxable ordinary income are treated as qualified REIT
dividends for purposes of Internal Revenue Code Section 199A.
Please consult your tax advisor.
About AvalonBay Communities, Inc.
As of September 30, 2018, the Company owned or held a direct or indirect ownership interest in 290 apartment communities containing 84,490 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development and 15 communities were under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring, and managing multifamily communities primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California. More information may be found on the Company’s website at http://www.avalonbay.com.
Copyright © 2019 AvalonBay Communities, Inc. All Rights Reserved
View source version on businesswire.com: https://www.businesswire.com/news/home/20190118005503/en/
Jason Reilley
Vice President
Investor Relations
AvalonBay
Communities, Inc.
703-317-4681
Source: AvalonBay Communities, Inc.
Released January 18, 2019