SAN FRANCISCO, Jan. 28, 2016 /PRNewswire/ -- Prologis, Inc.
(NYSE: PLD), the global leader in industrial real estate, today
announced the tax treatment of its 2015 distributions. Exhibits A
and B reflect the tax treatment of distributions on Prologis, Inc.
common and preferred stock, respectively.
Persons who held shares of common or preferred stock of
Prologis, Inc. in their name at any time during 2015 will receive
an IRS Form 1099-DIV via Computershare, Prologis' transfer agent.
Persons who held shares in "street name" during 2015 should note
that the IRS form provided by a bank, brokerage firm or nominee may
report only gross distributions. Therefore, the information herein
may be needed to properly complete a federal tax return.
This information has been prepared using the best available
information to date. Prologis, Inc.'s federal income tax return for
the year ended December 31, 2015, has
not yet been filed. Please note that federal tax laws affect
taxpayers differently, and we cannot advise on how distributions
should be reported. Please also note that state and local taxation
of REIT distributions may differ from federal rules. Prologis, Inc.
recommends a consultation with a tax advisor regarding the federal,
state and local income tax consequences of these distributions.
ABOUT PROLOGIS
As of December
31, 2015, Prologis owned or had investments in, on a wholly
owned basis or through co-investment ventures, properties and
development projects expected to total approximately 669 million
square feet (62 million square meters) in 20 countries. The company
leases modern distribution facilities to more than 5,200 customers,
including third-party logistics providers, transportation
companies, retailers and manufacturers.
FORWARD-LOOKING STATEMENTS
The statements in this
document that are not historical facts are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These forward-looking statements are based on
current expectations, estimates and projections about the industry
and markets in which Prologis operates, management's beliefs and
assumptions made by management. Such statements involve
uncertainties that could significantly impact Prologis' financial
results. Words such as "expects," "anticipates," "intends,"
"plans," "believes," "seeks," "estimates," variations of such words
and similar expressions are intended to identify such
forward-looking statements, which generally are not historical in
nature. All statements that address operating performance,
events or developments that we expect or anticipate will occur in
the future — including statements relating to rent and occupancy
growth, development activity and changes in sales or contribution
volume of properties, disposition activity, general conditions in
the geographic areas where we operate, our debt and financial
position, our ability to form new co-investment ventures and the
availability of capital in existing or new co-investment ventures —
are forward-looking statements. These statements are not guarantees
of future performance and involve certain risks, uncertainties and
assumptions that are difficult to predict. Although we believe the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, we can give no assurance that our
expectations will be attained and therefore, actual outcomes and
results may differ materially from what is expressed or forecasted
in such forward-looking statements. Some of the factors that may
affect outcomes and results include, but are not limited to: (i)
national, international, regional and local economic climates, (ii)
changes in financial markets, interest rates and foreign currency
exchange rates, (iii) increased or unanticipated competition for
our properties, (iv) risks associated with acquisitions,
dispositions and development of properties, (v) maintenance of real
estate investment trust ("REIT") status and tax structuring, (vi)
availability of financing and capital, the levels of debt that we
maintain and our credit ratings, (vii) risks related to our
investments in our co-investment ventures and funds, including our
ability to establish new co-investment ventures and funds, (viii)
risks of doing business internationally, including currency risks,
(ix) environmental uncertainties, including risks of natural
disasters, and (x) those additional factors discussed in reports
filed with the Securities and Exchange Commission by Prologis under
the heading "Risk Factors." Prologis undertakes no duty to update
any forward-looking statements appearing in this document.
Exhibit A
Tax Treatment of 2015
Common Distributions
Prologis, Inc.
Common Stock
CUSIP # 74340W103
Ticker Symbol: PLD
Record
Dates
|
Payable
Dates
|
Cash
Distribution
($ per
share)
|
Ordinary Taxable
Dividend
($ per
share)
|
Qualified Taxable
Dividend
($ per
share)
|
Long-Term Capital
Gain
($ per
share)
|
Unrecaptured
Section 1250 Gain
($ per
share)(1)
|
3/18/15
|
3/31/15
|
0.360000
|
0.077724
|
0.030839
|
0.167429
|
0.084008
|
6/11/15
|
6/30/15
|
0.360000
|
0.086718
|
0.015876
|
0.186804
|
0.070602
|
9/18/15
|
9/30/15
|
0.400000
|
0.096353
|
0.017640
|
0.207560
|
0.078447
|
12/15/15
|
12/31/15
|
0.400000
|
0.096353
|
0.017640
|
0.207560
|
0.078447
|
|
(1) Corporate
shareholders may be subject to IRC §291(a) reduction in certain
corporate preference items.
|
Exhibit B
Tax Treatment of 2015
Preferred Distributions
Prologis, Inc.
Series Q Cumulative Redeemable Preferred Stock
CUSIP # 74340W202
Ticker Symbol: PLDGP
Record
Dates
|
Payable
Dates
|
Cash
Distribution
($ per
share)
|
Ordinary Taxable
Dividend
($ per
share)
|
Qualified Taxable
Dividend
($ per
share)
|
Long-Term Capital
Gain
($ per
share)
|
Unrecaptured
Section 1250 Gain
($ per
share)(1)
|
3/18/15
|
3/31/15
|
1.067500
|
0.000000
|
0.474875
|
0.000000
|
0.592625
|
6/18/15
|
6/30/15
|
1.067500
|
0.257143
|
0.047077
|
0.553925
|
0.209355
|
9/18/15
|
9/30/15
|
1.067500
|
0.257143
|
0.047077
|
0.553925
|
0.209355
|
12/18/15
|
12/31/15
|
1.067500
|
0.257143
|
0.047077
|
0.553925
|
0.209355
|
|
(1) Corporate
shareholders may be subject to IRC §291(a) reduction in certain
corporate preference items
|
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SOURCE Prologis, Inc.