Duke Realty Corporation (NYSE: DRE) Announces the Income Tax Characteristics of its 2020 Common Share Dividends
January 19 2021 - 4:30PM
Duke Realty Corporation (NYSE: DRE) announces the income tax
characteristics of its 2020 common share dividends. Shareholders
are encouraged to consult with their personal tax advisors as to
their specific tax treatment of Duke Realty Corporation’s
dividends.
Common Share
Dividends:Ticker Symbol DRE, CUSIP #
264411505
PaymentDate |
Total 2020DistributionPer Share |
TotalOrdinaryDividends |
QualifiedDividends(1) |
Total CapitalGainDistribution |
UnrecapturedSection
1250Gain(2) |
Section199ADividends(3) |
Form 1099-DIV BoxNumber |
|
1a |
1b |
2a |
2b |
5 |
2/28/2020 |
0.235000 |
0.175311 |
0.003371 |
0.059689 |
0.016154 |
0.171940 |
5/29/2020 |
0.235000 |
0.175311 |
0.003371 |
0.059689 |
0.016154 |
0.171940 |
8/31/2020 |
0.235000 |
0.175311 |
0.003371 |
0.059689 |
0.016154 |
0.171940 |
11/30/2020 |
0.255000 |
0.190231 |
0.003658 |
0.064769 |
0.017529 |
0.186573 |
2020 Totals |
$0.960000 |
$0.716164 |
$0.013771 |
$0.243836 |
$0.065991 |
$0.702393 |
Percentage |
100.0000% |
74.6004% |
|
25.3996% |
|
|
(1) Qualified Dividends are a subset of, and are
included in, the Total Ordinary Dividends amount reported in box 1a
of Form 1099-DIV.(2) Unrecaptured Sec. 1250 Gain
is a subset of, and is included in, the Total Capital Gain
Distribution amount reported in box 2a of Form
1099-DIV.(3) Section 199A Dividends are a subset
of, and are included in, the Total Ordinary Dividends amount
reported in box 1a of Form 1099-DIV. |
For corporate shareholders, the Section 291(a)
preference item is 1.3748% of total dividend
distributions. The company did not incur any foreign
taxes in 2020. For purposes of satisfying U.S. federal income tax
withholding obligations under Section 1.1445-8 of the federal
income tax regulations with respect to payments to foreign
shareholders, Duke Realty Corporation characterizes the long-term
capital gain portion of the dividends, including the Unrecaptured
Section 1250 gain, described above as capital gain dividends.
Pursuant to Treas. Reg. § 1.1061-6(c), none of
the capital gain dividends reported in Form 1099-DIV Box 2a relate
to the “One or Three Year Amounts Disclosure” for purposes of
Section 1061 of the Internal Revenue Code. Section 1061 is
generally applicable to direct and indirect holders of “applicable
partnership interests.”
About Duke Realty Corporation
Duke Realty Corporation owns and operates
approximately 159 million rentable square feet of industrial assets
in 20 major U.S. logistics markets. Duke Realty Corporation is
publicly traded on the NYSE under the symbol DRE and is a component
of the S&P 500 Index. More information about Duke Realty
Corporation is available at www.dukerealty.com.
Investor Relations
Contact:
Ron Hubbard(317) 808-6000
Tax Contact:
Stephanie York(317) 808-6000
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