Jan 24, 2017
First Industrial Realty Trust Reports Tax Treatment of Common Stock DistributionsFirst Industrial Realty Trust, Inc. (NYSE: FR), a leading owner, operator and developer of industrial real estate, today reported the tax treatment of its 2016 distributions.
For tax purposes, 83% percent of the Company’s 2016 common stock distributions represented ordinary dividends, 14% were classified as capital gain distributions, and 3% were classified as return of capital (nondividend distributions).
Approximately 96% percent of the common stock distributions with a record date of December 31, 2015 that were paid on January 19, 2016 are allocable to 2016 for federal income tax purposes. Also,
approximately 78% percent of the common stock distributions with a record date of December 31, 2016 that were paid on January 17, 2017 are allocable to 2016 for federal income tax purposes.
This release is based on the preliminary results of work on the Company’s tax filings and may be subject to correction or adjustment when the filings are completed. However, no material change in the information reported is expected. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment.
To view the complete press release, including a table that summarizes the income tax treatment of the Company’s common stock distributions, please download the pdf version of the press release.
For more information contact: Arthur Harmon, Vice President - Investor Relations and Marketing