Prologis Announces Tax Treatment of Liberty Property Trust 2020 Dividend - WIRE.RealEstate

Prologis Announces Tax Treatment of Liberty Property Trust 2020 Dividend

Feb 1, 2021 3:09 PM ET


Prologis Announces T

iCrowdNewswire   Feb 1, 2021  3:09 PM ET

Prologis, Inc., the global leader in logistics real estate, today announced the tax treatment of Liberty Property Trust 2020 distributions to holders of its Common Shares.

In February 2020, Prologis announced that it had completed its all-stock acquisition of Liberty Property Trust for $13.0 billion, including the assumption of debt.  In connection with the transaction, each Liberty common share of beneficial interest was converted into the right to receive 0.675 shares of Prologis common stock. All distributions from and after the merger are paid in respect of the common stock of Prologis into which the LPT shares were converted.

For holders of Liberty common shares, the 2020 quarterly dividend of $0.41 per share includes one quarterly distribution declared and paid in January 2020.  Additionally, the return of capital percentage on common share dividends is also reported in the Investors section of the Prologis website at www.prologis.com on Form 8937 pursuant to U.S. tax basis reporting required under Internal Revenue Code Section 6045B.

The 2020 dividend characteristics are as follows:

Liberty Property Trust Inc. Common Shares
CUSIP Number 531172104

 

Declaration
Date

Record
Date

Payment
Date

Cash
Dividend

2020
Ordinary
Taxable
Dividend

2020
Qualified
Taxable
Dividend

2020
Capital
Gain

Section
1250
Gain

2020
Return of
Capital

199A
Dividends

       

Amounts Per Share

 

12/9/2019

1/2/2020

1/15/2020

$  0.4100

$           –

$              –

$       –

$                –

$  0.4100

$             –

                     
       

$  0.4100

$           –

$              –

$       –

$                –

$  0.4100

$             –

ABOUT PROLOGIS
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of September 30, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 976 million square feet (91 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.

Contact Information:

www.prologis.com


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