The below information is provided to assist the Company’s stockholders with tax reporting requirements related to dividend distribution of taxable income by the Company. Stockholders should receive
Tax Treatment of Distributions
The Federal Income Tax classification of the 2023 dividend distributions on the Company’s common stock, as it is expected to be reported on Form 1099-DIV, is set forth in the following table:
Record Date | Payment Date | Distribution Rate per Share | Total Ordinary Dividends | Qualified Dividends | Total Capital Gains Distributions | Section 199A Dividends(2) | Total Return of Capital | ||||
$ | 0.39 | $ | 0.33 | - | - | $ | 0.33 | $ | 0.06 | ||
$ | 0.39 | $ | 0.33 | - | - | $ | 0.33 | $ | 0.06 | ||
$ | 0.39 | $ | 0.33 | - | - | $ | 0.33 | $ | 0.06 | ||
$ | 0.40 | $ | 0.34 | - | - | $ | 0.34 | $ | 0.06 | ||
Total | $ | 1.57 | $ | 1.33 | - | - | $ | 1.33 | $ | 0.24 |
- The cash distributions made on
January 12, 2024 , with a record date ofDecember 29, 2023 , are treated as income and taxable in calendar year 2023. - Section 199A dividends are a subset of, and included in, the ordinary dividends amount.
Consult Your Tax Advisor
Stockholders may have additional reporting obligations to the
The
The Company does not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used and cannot be used for the purpose of avoiding
About
Forward-Looking Statements
This press release contains “forward-looking statements.” Forward-looking statements can be identified by words like “may,” “will,” “likely,” “should,” “expect,” “anticipate,” “future,” “plan,” “believe,” “intend,” “goal,” “project,” “continue” and similar expressions. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs and expectations. Forward-looking statements, including statements regarding the timing of settlement and the use of proceeds of the initial public offering, are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, changes in the condition of the
Contact Information:
Chief Financial Officer, Treasurer and Secretary NewLake Capital Partners, Inc.
lmeyer@newlake.com
Investor Contact:
Valter@KCSA.com
PH: (212) 896-1254
Media Contact:
EMellody@kcsa.com
PH: (570) 209-2947
Source:
2024 GlobeNewswire, Inc., source