MILL VALLEY, Calif.–(Business Wire/AETOSWire)–Four Corners Property Trust Company (NYSE:)a real estate investment trust principally engaged in the ownership and acquisition of high-quality, net-lease restaurant and retail properties (FCPT or the Company), today announced the tax profiling of its 2024 common stock distributions as described below.
|
Registration date |
Premium |
the total (EPA:) |
Form 1099 |
Form 1099 |
Form 1099 |
Form 1099 |
|
12/29/2023 |
12/1/2024 |
$0.3450 |
$0.3174 |
– |
$0.0276 |
$0.3174 |
|
03/28/2024 |
04/15/2024 |
$0.3450 |
$0.3174 |
– |
$0.0276 |
$0.3174 |
|
06/28/2024 |
07/15/2024 |
$0.3450 |
$0.3174 |
– |
$0.0276 |
$0.3174 |
|
09/30/2024 |
10/15/2024 |
$0.3450 |
$0.3174 |
– |
$0.0276 |
$0.3174 |
|
Totals |
|
$1.3800 |
$1.2696 |
– |
$0.1104 |
$1.2696 |
(1) Qualified taxable dividends are a subset of and included in taxable common stock dividends.
A common stock dividend of $0.3550 per share that was paid on January 15, 2025 to shareholders of record on December 31, 2024 will apply to the 2025 tax year.
If you hold shares of FCPT common stock in your name at any time during 2024, IRS Form 1099-DIV will be filed with you by Broadridge Corporate Issuer Solutions, FCPT's transfer agent during 2024. If you hold shares in “street name” during 2024, The IRS form provided by your bank, brokerage firm or nominee may only report the total distributions paid to you. Therefore, you may need the information in this news release to correctly complete your federal tax return.
There are several important considerations associated with whether a company's distributions will be taxed in 2024. This information has been prepared using the best information available to date. A federal income tax return for FCPT has not yet been filed for the year ending December 31, 2024. Please note that federal tax laws affect taxpayers differently, and we cannot advise you on how to report distributions on your federal income tax return. Also note that state and local taxes for REIT distributions vary and may not be the same as the taxes under federal rules. Shareholders are encouraged to consult with their tax advisors regarding their specific tax treatment related to FCPT common stock dividends.
About FCPT:
FCPT, headquartered in Mill Valley, California, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional properties to lease on a net basis for use in the restaurant and retail sectors. Additional information about FCPT can be found at www.fcpt.com.
View source version on Businesswire.com: https://www.businesswire.com/news/home/20250121540418/en/
Four Corners Real Estate Corporation:
Patrick Wernig, 415-965-8038
CFO
Source: Four Corners Real Estate Corporation
