UDR Reports Tax Status of 2021 Distributions

DENVER, January 24, 2022–(BUSINESS WIRE)–UDR, Inc. (the “Company”) (NYSE: UDR), a leading multi-family real estate investment trust, today announced the tax status of its 2021 distributions to shareholders. The following table summarizes the nature of these cash distributions per share and provides the appropriate Form 1099-DIV box number:

Registration
Dated

Payment
Dated

Distribution
Per share

Box 1a Total
Ordinary
Dividends

Box 1b
Qualified
Dividends1

Box 2a Total
Capital gain
Distr.

Box 2b
Not recovered
Second. 1250
To earn2

Box 2
Second. 897
Ordinary
Dividends1

Box 2f
Second. 897
Capital gain2

Box 3
Non-dividend
Distributions

Box 5
Second. 199A
Dividends1

Ordinary actions :

1/11/2021

02/01/2021

$0.360000

$0.253747

$0.010065

$0.106253

$0.017280

$0.077063

$0.073199

$0.000000

$0.243682

09/04/2021

04/30/2021

$0.362500

$0.255509

$0.010135

$0.106991

$0.017400

$0.077598

$0.073707

$0.000000

$0.245374

07/12/2021

02/08/2021

$0.362500

$0.255509

$0.010135

$0.106991

$0.017400

$0.077598

$0.073707

$0.000000

$0.245374

10/11/2021

01/11/2021

$0.362500

$0.255509

$0.010135

$0.106991

$0.017400

$0.077598

$0.073707

$0.000000

$0.245374

Total

$1.447500

$1.020274

$0.040470

$0.427226

$0.069480

$0.309857

$0.294320

$0.000000

$0.979804

Series E Preferred Shares:

1/11/2021

02/01/2021

$0.389800

$0.274752

$0.010898

$0.115048

$0.018710

$0.083442

$0.079258

$0.000000

$0.263854

09/04/2021

04/30/2021

$0.392500

$0.276655

$0.010974

$0.115845

$0.018840

$0.084020

$0.079807

$0.000000

$0.265681

07/12/2021

02/08/2021

$0.392500

$0.276655

$0.010974

$0.115845

$0.018840

$0.084020

$0.079807

$0.000000

$0.265681

10/11/2021

01/11/2021

$0.392500

$0.276655

$0.010974

$0.115845

$0.018840

$0.084020

$0.079807

$0.000000

$0.265681

Total

$1.567300

$1.104717

$0.043820

$0.462583

$0.075230

$0.335502

$0.318679

$0.000000

$1.060897

(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.

According to Treas. Reg. § 1.1061-6(c), UDR, Inc. discloses two additional amounts below for purposes of Section 1061 of the Internal Revenue Code. Section 1061 generally applies to direct and indirect holders of “applicable partnership interests”.

Registration
Dated

Payment
Dated

Form 1099-DIV Box 2a,
Total capital gain
Distr. Per share

Amounts over one year
Disclosure by
To share

Three years
The amounts
Disclosure by
To share

Ordinary actions :

1/11/2021

02/01/2021

$0.106253

$0.033053

$0.031411

09/04/2021

04/30/2021

$0.106991

$0.033283

$0.031629

07/12/2021

02/08/2021

$0.106991

$0.033283

$0.031629

10/11/2021

01/11/2021

$0.106991

$0.033283

$0.031629

Total

$0.427226

$0.132902

$0.126298

Series E Preferred Shares:

1/11/2021

02/01/2021

$0.115048

$0.035789

$0.034011

09/04/2021

04/30/2021

$0.115845

$0.036037

$0.034247

07/12/2021

02/08/2021

$0.115845

$0.036037

$0.034247

10/11/2021

01/11/2021

$0.115845

$0.036037

$0.034247

Total

$0.462583

$0.143900

$0.136752

Registered shareholders of the Company’s common and preferred stock will receive an Internal Revenue Service Form 1099-DIV from EQ Shareowner Services, the Company’s 2021 distribution paying agent. The form will show the distributions paid and the amounts designated as total ordinary dividends, eligible dividends, total capital gains, unrecovered section 1250 gains, ordinary section 897 dividends, section 897 capital gains, distributions without dividends and Section 199A dividends. If shares were held in “street name” in 2021, the IRS form will be provided by a bank, brokerage firm or agent. As the Company’s income tax return has not yet been filed for the year ended December 31, 2021, the distribution allocations presented here have been calculated using the best information available at this time.

The tax treatment of these distributions by state and local authorities varies and may not be the same as the treatment by the IRS. 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 their own tax advisors regarding the federal, state and local tax consequences of such distributions.

About UDR, Inc.

UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading multi-family real estate investment trust with a proven track record of delivering superior and reliable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted US markets. As of September 30, 2021, UDR owned or held an interest in 56,325 apartments, including 1,417 under development. For more than 49 years, UDR has delivered long-term shareholder value, the highest level of service to residents and the highest quality experience to associates.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220121005408/en/

contacts

UDR, Inc.
Thirty Trujillo
ttujillo@udr.com
720-283-6135


Source link

Comments are closed.