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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Innovative Industrial Properties Inc | NYSE:IIPR | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.17 | -0.17% | 97.71 | 99.23 | 97.70 | 98.05 | 101,460 | 01:00:00 |
Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) today announced the tax treatment of its 2020 distributions as follows:
Security Description: Common Stock
CUSIP: 45781V101
Ticker Symbol: IIPR
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)
12/31/2019
01/15/2020
$1.000000
$0.490000
$0.490000
$0.000000
$0.000000
$0.000000
$0.490000
03/31/2020
04/15/2020
$1.000000
$1.000000
$1.000000
$0.000000
$0.000000
$0.000000
$1.000000
06/30/2020
07/15/2020
$1.060000
$1.060000
$1.060000
$0.000000
$0.000000
$0.000000
$1.060000
09/30/2020
10/15/2020
$1.170000
$1.170000
$1.170000
$0.000000
$0.000000
$0.000000
$1.170000
12/31/2020
01/15/2021
$1.240000
$0.220000
$0.220000
$0.000000
$0.000000
$0.000000
$0.220000
Totals
$5.470000
$3.940000
$3.940000
$0.000000
$0.000000
$0.000000
$3.940000
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)
03/31/2020
04/15/2020
$0.562500
$0.562500
$0.562500
$0.000000
$0.000000
$0.000000
$0.562500
06/30/2020
07/15/2020
$0.562500
$0.562500
$0.562500
$0.000000
$0.000000
$0.000000
$0.562500
09/30/2020
10/15/2020
$0.562500
$0.562500
$0.562500
$0.000000
$0.000000
$0.000000
$0.562500
12/31/2020
01/15/2021
$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, 2020 will be a split-year distribution, with $0.22 allocable to 2020 for federal income tax purposes and $1.02 allocable to 2021 for federal income tax purposes.
As previously disclosed by IIP on January 30, 2020 in its press release announcing the tax treatment of 2019 dividends, the common stock distribution with a record date of December 31, 2019 was a split-year distribution, with $0.51 allocable to 2019 for federal income tax purposes and $0.49 allocable to 2020 for federal income tax purposes, and the 9.00% Series A Cumulative Redeemable Preferred Stock distribution with a record date of December 31, 2019 was allocable entirely to 2019 for federal income tax purposes.
IIP did not incur any foreign taxes in 2020. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of IIP’s distributions.
About Innovative Industrial Properties
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. Additional information is available at www.innovativeindustrialproperties.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210201005994/en/
Catherine Hastings Chief Financial Officer Innovative Industrial Properties, Inc. (858) 997-3332
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