CareTrust REIT, Inc. Announces Tax Treatment of 2023 Dividends
January 23 2024 - 3:05PM
Business Wire
CareTrust REIT, Inc. (NYSE:CTRE) reported today the tax status
of its 2023 dividends paid to shareholders. Details on the
classifications of the dividends are included in the table
below:
DISTRIBUTIONS ON CARETRUST COMMON STOCK Box 1a Box
1b Box 2a Box 2b Box 3 Box 5
RecordDate PaymentDate
DistributionPer Share
TaxableDistributionPer Share
OrdinaryDividend
QualifiedDividend(Included inBox 1a)
CapitalGain Distr.
Unrecap.Section1250 Gain(Included
inBox 2a) Non-DividendDistributions
Section199ADividend 12/30/22 01/13/23
$
0.2750
$
0.2750
73.7018%
0.0000%
0.0000%
0.0000%
26.2982%
73.7018%
03/31/23 04/14/23
$
0.2800
$
0.2800
73.7018%
0.0000%
0.0000%
0.0000%
26.2982%
73.7018%
06/30/23 07/14/23
$
0.2800
$
0.2800
73.7018%
0.0000%
0.0000%
0.0000%
26.2982%
73.7018%
09/29/23 10/13/23
$
0.2800
$
0.2800
73.7018%
0.0000%
0.0000%
0.0000%
26.2982%
73.7018%
12/29/23 01/12/24
$
0.2800
$
-
(1)
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
Total
$
1.3950
$
1.1150
73.7018%
0.0000%
0.0000%
0.0000%
26.2982%
73.7018%
(1) As the Company's aggregate 2023 cash distributions exceeded its
2023 earnings and profits, the January 2024 cash distribution
declared in the fourth quarter of 2023 will be treated as a 2024
distribution for federal income tax purposes and not included on
the 2023 Form 1099. If you were a stockholder of record as of
December 29, 2023, $0.00 is reported on your 2023 Form 1099 and
$0.28 will be reported on your 2024 Form 1099.
Shareholders of record of the Company’s common stock will
receive an Internal Revenue Service Form 1099-DIV from Broadridge
Corporate Issuer Solutions, the Company’s 2023 dividend paying
agent. The form will report the dividends paid and the amounts
designated as total ordinary dividends, qualified dividends, total
capital gains, unrecaptured section 1250 gains, non-dividend
distributions and dividends that may be eligible for the 20%
qualified business income deduction under section 199A. 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 dividend income tax allocations presented
herein have been calculated using the best available information to
date.
The tax treatment of these dividends 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 dividends 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 dividends.
About CareTrustTM
CareTrust REIT, Inc. is a self-administered, publicly-traded
real estate investment trust engaged in the ownership, acquisition,
development and leasing of skilled nursing, seniors housing and
other healthcare-related properties. With a nationwide portfolio of
long-term net-leased properties, and a growing portfolio of quality
operators leasing them, CareTrust REIT is pursuing both external
and organic growth opportunities across the United States. More
information about CareTrust REIT is available at
www.caretrustreit.com.
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CareTrust REIT, Inc., (949) 542-3130, ir@caretrustreit.com
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