CHICAGO--(BUSINESS WIRE)--
Equity Commonwealth (NYSE: EQC) today announced the tax treatment of its 2016 preferred share distributions, which are as follows:
Series D Cumulative Redeemable Preferred Stock (CUSIP No. 294628201)
|
Unrecaptured |
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|
Record Date |
Payable Date |
Distribution Per |
Capital Gain |
Section 1250 |
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|
Share |
Gain(1) |
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| 10/28/2016 | 11/15/2016 | $0.40625 | $0.40625 | $0.40625 | ||||||||||||||||
| 07/29/2016 | 08/15/2016 | $0.40625 | $0.40625 | $0.40625 | ||||||||||||||||
| 04/25/2015 | 05/16/2016 | $0.40625 | $0.40625 | $0.40625 | ||||||||||||||||
| 02/05/2016 | 02/16/2016 | $0.40625 | $0.40625 | $0.40625 | ||||||||||||||||
| Total | $1.62500 | $1.62500 | $1.62500 | |||||||||||||||||
Series E Cumulative Redeemable Preferred Stock (CUSIP No. 294628409)
|
Unrecaptured |
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|
Record Date |
Payable Date |
Distribution Per |
Capital Gain |
Section 1250 |
||||||||||||
|
Share |
Gain(1) |
|||||||||||||||
| 04/25/2016 | 05/16/2016 | $0.453125 | $0.453125 | $0.453125 | ||||||||||||
| 02/05/2016 | 02/16/2016 | $0.453125 | $0.453125 | $0.453125 | ||||||||||||
| Total | $0.906250 | $0.906250 | $0.906250 | |||||||||||||
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(1) Unrecaptured Section 1250 Gain is a subset of, and is included in, Capital Gain. |
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Alternative Minimum Tax
The Company has determined that 96.31% of each distribution to its shareholders for the tax year ended December 31, 2016 consists of an alternative minimum tax adjustment (i.e., for each $1 of distribution reportable by a shareholder, $0.9631 represents a positive alternative minimum tax adjustment). To determine your share of the Company’s positive alternative minimum tax adjustment, multiply the aggregate dollar amount of your reportable 2016 distribution from the Company (the sum of the amounts shown in Boxes 1a and 2a of the Company’s 2016 Form 1099-DIV) by 0.9631.
This release is based on estimates and is subject to correction or adjustment when the tax filings are completed. The Company is releasing information at this time to aid those required to distribute Form 1099 on the Company’s distributions. No material change in these classifications is expected.
Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from the Company.
About Equity Commonwealth
Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties throughout the United States. As of November 2, 2016, EQC’s portfolio comprised 37 properties and 16.7 million square feet.
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