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MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties ("FCPT" or the "Company"), announced today the tax characterization of its 2020 common stock distributions as shown below.
The common stock dividend of $0.3175 per share that was paid on January 15, 2021 to shareholders of record on January 4, 2021, will be applicable to the 2021 tax year.
If you held common stock of FCPT in your name at any time during 2020, an IRS Form 1099-DIV will be provided to you by Broadridge Corporate Issuer Solutions, FCPT's transfer agent during 2020. If you held shares in "street name" during 2020, the IRS form provided by your bank, brokerage firm or nominee may report only the gross distributions paid to you. Therefore, you may need the information included in this press release to properly complete your federal tax return.
There are many important considerations associated with the taxability of the company's distributions in 2020. This information has been prepared using the best available information to date. FCPT's federal income tax return for the year ended December 31, 2020 has not yet been filed. Please note that federal tax laws affect taxpayers differently, and we cannot advise you on how distributions should be reported on your federal income tax return. Also note that state and local taxation of REIT distributions vary and may not be the same as the taxation under the federal rules. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment related to FCPT common stock dividends.
About FCPT:
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.
Record Date | Payment Date | Total Distribution ($ per share) | Form 1099 Box 1a Ordinary Taxable Dividend ($ per share) | Form 1099 Box 1b Qualified Taxable Dividend (1) ($ per share) | Form 1099 Box 3 Return of Capital ($ per share) | Form 1099 Box 5 Section 199A Dividends ($ per share) | ||||||
1/3/2020 | 1/15/2020 | $0.3050 | $0.2411 | - | $0.0639 | $0.2411 | ||||||
3/31/2020 | 4/15/2020 | $0.3050 | More on The Californer
$0.2411 | - | $0.0639 | $0.2411 | ||||||
6/30/2020 | 7/15/2020 | $0.3050 | $0.2411 | - | $0.0639 | $0.2411 | ||||||
9/30/2020 | 10/15/2020 | $0.3050 | $0.2411 | - | $0.0639 | $0.2411 | ||||||
Totals | $1.2200 | $0.9644 | - | $0.2556 | $0.9644 |
The common stock dividend of $0.3175 per share that was paid on January 15, 2021 to shareholders of record on January 4, 2021, will be applicable to the 2021 tax year.
If you held common stock of FCPT in your name at any time during 2020, an IRS Form 1099-DIV will be provided to you by Broadridge Corporate Issuer Solutions, FCPT's transfer agent during 2020. If you held shares in "street name" during 2020, the IRS form provided by your bank, brokerage firm or nominee may report only the gross distributions paid to you. Therefore, you may need the information included in this press release to properly complete your federal tax return.
There are many important considerations associated with the taxability of the company's distributions in 2020. This information has been prepared using the best available information to date. FCPT's federal income tax return for the year ended December 31, 2020 has not yet been filed. Please note that federal tax laws affect taxpayers differently, and we cannot advise you on how distributions should be reported on your federal income tax return. Also note that state and local taxation of REIT distributions vary and may not be the same as the taxation under the federal rules. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment related to FCPT common stock dividends.
About FCPT:
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.
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