UDR Reports Tax Status of 2023 Distributions
January 17 2024 - 3:16PM
Business Wire
UDR, Inc. (the “Company”) (NYSE: UDR), a leading multifamily
real estate investment trust, reported today the tax status of its
2023 distributions paid to shareholders. The following table
summarizes the nature of these cash distributions per share and
provides the appropriate Form 1099-DIV box number:
Record Date
Payment Date
Distribution Per Share
Box 1a Total Ordinary
Dividends
Box 1b Qualified
Dividends1
Box 2a Total Capital Gain
Distr.
Box 2b Unrecaptured Sec. 1250
Gain2
Box 2e Sec. 897 Ordinary
Dividends1
Box 2f Sec. 897 Capital
Gain2
Box 3 Nondividend
Distributions
Box 5 Sec. 199A
Dividends1
Common
Shares:
1/9/2023
1/31/2023
$0.380000
$0.333306
$0.000014
$0.046694
$0.007374
$0.096363
$0.038015
$0.000000
$0.333292
4/10/2023
5/1/2023
$0.420000
$0.368391
$0.000016
$0.051609
$0.008150
$0.106507
$0.042016
$0.000000
$0.368375
7/10/2023
7/31/2023
$0.420000
$0.368391
$0.000016
$0.051609
$0.008150
$0.106507
$0.042016
$0.000000
$0.368375
10/10/2023
10/31/2023
$0.420000
$0.368391
$0.000016
$0.051609
$0.008150
$0.106507
$0.042016
$0.000000
$0.368375
Total
$1.640000
$1.438479
$0.000062
$0.201521
$0.031824
$0.415884
$0.164063
$0.000000
$1.438417
Preferred Shares Series E:
1/9/2023
1/31/2023
$0.411400
$0.360847
$0.000016
$0.050553
$0.007983
$0.104325
$0.041156
$0.000000
$0.360831
4/10/2023
5/1/2023
$0.454800
$0.398914
$0.000017
$0.055886
$0.008826
$0.115331
$0.045498
$0.000000
$0.398897
7/10/2023
7/31/2023
$0.454800
$0.398914
$0.000017
$0.055886
$0.008826
$0.115331
$0.045498
$0.000000
$0.398897
10/10/2023
10/31/2023
$0.454800
$0.398914
$0.000017
$0.055886
$0.008826
$0.115331
$0.045498
$0.000000
$0.398897
Total
$1.775800
$1.557589
$0.000067
$0.218211
$0.034461
$0.450318
$0.177650
$0.000000
$1.557522
(1) - These amounts are a subset of, and included in,
the amounts in Box 1a.
(2) - These amounts are a subset of,
and included in, the amounts in Box 2a.
Pursuant to Treas. Reg. § 1.1061-6(c), UDR, Inc. is disclosing
below two additional amounts for purposes of Section 1061 of the
Internal Revenue Code. Section 1061 is generally applicable to
direct and indirect holders of “applicable partnership
interests.”
Record Date
Payment Date
Form 1099-DIV Box 2a, Total
Capital Gain Distr. Per Share
One Year Amounts Disclosure
Per Share
Three Year Amounts Disclosure
Per Share
Common
Shares:
1/9/2023
1/31/2023
$0.046694
$0.008821
$0.009058
4/10/2023
5/1/2023
$0.051609
$0.009750
$0.010011
7/10/2023
7/31/2023
$0.051609
$0.009750
$0.010011
10/10/2023
10/31/2023
$0.051609
$0.009750
$0.010011
Total
$0.201521
$0.038071
$0.039091
Preferred Shares Series E:
1/9/2023
1/31/2023
$0.050553
$0.009551
$0.009806
4/10/2023
5/1/2023
$0.055886
$0.010558
$0.010841
7/10/2023
7/31/2023
$0.055886
$0.010558
$0.010841
10/10/2023
10/31/2023
$0.055886
$0.010558
$0.010841
Total
$0.218211
$0.041225
$0.042329
Shareholders of record of the Company's common and preferred
stock will receive an Internal Revenue Service Form 1099-DIV from
EQ Shareowner Services, the Company's 2023 distribution paying
agent. The form will report the distributions paid and the amounts
designated as total ordinary dividends, qualified dividends, total
capital gains, unrecaptured section 1250 gains, section 897
ordinary dividends, section 897 capital gain, nondividend
distributions, and section 199A dividends. If shares were held in
"street name" during 2023, the IRS form will be provided by a bank,
brokerage firm, or nominee. Because the Company's tax return has
not yet been filed for the year ended December 31, 2023, the
distribution allocations presented herein have been calculated
using the best available information to date.
The tax treatment of these distributions by state and local
authorities varies and may not be the same as the IRS's treatment.
Because federal and state tax laws affect individuals differently,
the Company cannot advise shareholders on how distributions should
be reported on their tax returns. The Company encourages
shareholders to consult with their own tax advisors with respect to
the federal, state and local income tax consequences of these
distributions.
About UDR, Inc.
UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading
multifamily real estate investment trust with a demonstrated
performance history of delivering superior and dependable returns
by successfully managing, buying, selling, developing and
redeveloping attractive real estate communities in targeted U.S.
markets. As of September 30, 2023, UDR owned or had an ownership
position in 60,177 apartment homes including 415 homes under
development. For over 51 years, UDR has delivered long-term value
to shareholders, the best standard of service to residents and the
highest quality experience for associates.
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version on businesswire.com: https://www.businesswire.com/news/home/20240116368690/en/
UDR, Inc. Trent Trujillo
ttrujillo@udr.com 720-283-6135
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