AvalonBay Communities Announces 2019 Dividend Income Tax Treatment


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AvalonBay Communities, Inc. (the "Company") (NYSE:AVB) announced today the final income allocations of the Company's 2019 dividend distributions on its Common Stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table:

Common Shares (CUSIP #053484101)

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Declaration

Date

 

Record Date

 

Payment

Date

 

Distribution

Per Share

 

Ordinary

Taxable

Dividend (1)(2)

 

Qualified

Dividend (1)

 

Return of

Capital

 

Long Term

Capital Gain

 

Unrecap.

Section 1250

Gain

         

01/30/19

 

03/28/19

 

04/15/19

 

$

1.52000

 

$

1.38320

 

$

0.07600

 

$

0.00000

 

$

0.04560

 

$

0.01520

05/16/19

 

06/27/19

 

07/15/19

 

 

1.52000

 

 

1.38320

 

 

0.07600

 

 

0.00000

 

 

0.04560

 

 

0.01520

09/19/19

 

09/30/19

 

10/15/19

 

 

1.52000

 

 

1.38320

 

 

0.07600

 

 

0.00000

 

 

0.04560

 

 

0.01520

11/20/19

 

12/31/19

 

01/15/20

 

 

1.52000

 

 

1.38320

 

 

0.07600

 

 

0.00000

 

 

0.04560

 

 

0.01520

         
         
 

Totals

 

$

6.08000

 

$

5.53280

 

$

0.30400

 

$

0.00000

 

$

0.18240

 

$

0.06080

        
  

 

100%

 

 

91%

 

 

5%

 

 

0%

 

 

3%

 

 

1%

         

Components may not sum to the totals due to rounding differences. The information above presents final income allocations.

(1) $0.0760 of each quarterly dividend classified as taxable ordinary income represents "qualified dividend income."
(2) $1.38320 of each quarterly dividend classified as taxable ordinary income are treated as qualified REIT dividends for purposes of Internal Revenue Code Section 199A.

Please consult your tax advisor.

About AvalonBay Communities, Inc.

As of September 30, 2019, the Company owned or held a direct or indirect ownership interest in 292 apartment communities containing 85,647 apartment homes in 12 states and the District of Columbia, of which 20 communities were under development and five communities were under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States. More information may be found on the Company's website at http://www.avalonbay.com.

Copyright © 2020 AvalonBay Communities, Inc. All Rights Reserved


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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