NEW YORK--(BUSINESS WIRE)--
New Senior Investment Group Inc. (“New Senior” or the “Company”) (NYSE:SNR) announced today the tax treatment of its 2016 common stock distribution payments.
Common Stock Dividends
During 2016, distributions for New Senior’s common stock (CUSIP #648691103) totaled $1.04 per share. The Company’s distributions in 2016 are considered long-term capital gain, and return of capital, as set forth in more detail below.
| Common Stock (CUSIP #648691103) | |||||||||||||||||||||
| Record | Pay | Cash | Ordinary | Qualified | Long-Term | Unrecaptured | Return of | ||||||||||||||
| Date | Date | Distribution | Dividend | Dividend(1) | Capital Gain | Sec. 1250 Gain(2) | Capital | ||||||||||||||
| 3/8/16 | 3/22/16 | $0.260000 | $0.000000 | $0.000000 | $0.016935 | $0.001801 | $0.243065 | ||||||||||||||
| 6/8/16 | 6/22/16 | $0.260000 | $0.000000 | $0.000000 | $0.016935 | $0.001801 | $0.243065 | ||||||||||||||
| 9/8/16 | 9/22/16 | $0.260000 | $0.000000 | $0.000000 | $0.016935 | $0.001801 | $0.243065 | ||||||||||||||
| 12/8/16 | 12/22/16 | $0.260000 | $0.000000 | $0.000000 | $0.016935 | $0.001801 | $0.243065 | ||||||||||||||
| Total | $1.040000 | $0.000000 | $0.000000 | $0.067740 | $0.007204 | $0.972260 | |||||||||||||||
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(1) Qualified Dividend is a subset of, and included in, the Ordinary Dividend amount. |
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(2) Unrecaptured Sec. 1250 Gain is a subset of, and included in, the Long-Term Capital Gain amount. |
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The data provided in this press release is provided for informational purposes only and does not constitute tax advice. Stockholders are urged to consult their own tax advisors regarding any issues or decisions regarding the proper tax treatment of their distributions in respect of shares of New Senior.
ABOUT NEW SENIOR
New Senior is a real estate investment trust focused on investing in senior housing properties across the United States. The Company is the only pure play senior housing REIT and is one of the largest owners of senior housing properties. As of September 30, 2016, New Senior owned 154 properties located across 37 states. New Senior is managed by an affiliate of Fortress Investment Group LLC, a global investment management firm. More information about New Senior can be found at www.newseniorinv.com.
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