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Tuesday, May 21, 2024

Tax Treatment of Dividends for 2023 Announced by Independence Realty Trust

23 $0.09 $0.087674 $0.002326 – $0.001007 – – 6/30/23 7/21/23 $0.09 $0.087674 $0.002326 – $0.001007 – – 9/29/23 10/20/23 $0.09 $0.087674 $0.002326 – $0.001007 – – 12/30/23 1/19/24 $0.09 $0.087674 $0.002326 – $0.001007 – – Total $0.36 $0.350696 $0.009304 – $0.004028 – –

IRT also announced the tax status of 2023 distributions on its Series A Cumulative Redeemable Preferred stock (CUSIP #45378A205). The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table: Series A Cumulative Redeemable Preferred Shares (CUSIP #45378A205) Record Date Payment Date Distribution Per Share Ordinary Dividend Total Capital Gain Distr. Unrecap- tured Sec. 1250 Gain Return of Capital 3/31/23 4/17/23 $0.46875 $0.46875 – – – – 6/30/23 7/17/23 $0.46875 $0.46875 – – – – 9/29/23 10/16/23 $0.46875 $0.46875 – – – – 12/30/23 1/15/24 $0.46875 $0.46875 – – – – Total $1.875 $1.875 – – – –

About Independence Realty Trust, Inc.
Independence Realty Trust (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Dallas, and Raleigh. IRT’s investment strategy is focused on gaining scale within key amenity-rich submarkets that offer good school districts, desirable lifestyles, and compelling value. The Company’s goal is to provide comfortable and convenient apartment living to residents, while delivering attractive returns to investors. IRT is a Maryland REIT operating under Maryland law, externally managed by a subsidiary of RAIT Financial Trust (NYSE: RAS). More information about IRT can be found on its website at http://www.irtliving.com.

This year, Independence Realty Trust, Inc. (IRT) is excited to announce the tax status of its 2023 dividend distributions on its common stock and Series A Cumulative Redeemable Preferred stock. As a magazine editor, we believe it’s important to keep our readers informed about the financial status of the companies they invest in, so let’s dive into the details of IRT’s tax status for the year.

For the 2023 tax year, IRT reported the following dividend distributions for its common stock (CUSIP #45378A106):
– March 31, 2023: $0.09 per share
– June 30, 2023: $0.09 per share
– September 29, 2023: $0.09 per share
– December 30, 2023: $0.09 per share

The total dividend distribution for the year amounted to $0.36 per share. The income allocations for these distributions as they will be reported on Form 1099-DIV are detailed in the provided table. It’s important for investors to be aware of these income allocations when filing their taxes for the year.

In addition to the common stock dividend distributions, IRT also reported the tax status of its Series A Cumulative Redeemable Preferred stock (CUSIP #45378A205) for the 2023 tax year. The following distributions were made:
– March 31, 2023: $0.46875 per share
– June 30, 2023: $0.46875 per share
– September 29, 2023: $0.46875 per share
– December 30, 2023: $0.46875 per share

The total distribution for the year for the Series A Cumulative Redeemable Preferred stock amounted to $1.875 per share. Again, the income allocations for these distributions as they will be reported on Form 1099-DIV are provided in the table.

Independence Realty Trust, Inc. (IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets. The company’s investment strategy focuses on gaining scale within key amenity-rich submarkets to provide comfortable and convenient apartment living to residents while delivering attractive returns to investors.

As an externally-managed Maryland REIT operating under Maryland law, IRT is committed to transparency and providing investors with the necessary information to make informed decisions. We encourage our readers to visit IRT’s website at http://www.irtliving.com for more information on the company and its investment opportunities.

In conclusion, IRT’s announcement of the tax status of its 2023 dividend distributions on common stock and Series A Cumulative Redeemable Preferred stock is a valuable piece of information for investors. We hope that this update has provided clarity and insight into IRT’s financial health for the year. For more information and updates on IRT, we encourage our readers to stay informed through the company’s official channels.

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