%
(1) As the Company s aggregate 2020 cash distributions exceeded its 2020 earnings and profits, the January 2021 cash distribution declared in the fourth quarter of 2020 will be treated as a 2021 distribution for federal income tax purposes and not included on the 2020 Form 1099. If you were a stockholder of record as of December 31, 2020, $0.00 is reported on your 2020 Form 1099 and $0.25 will be reported on your 2021 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 2020 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 2020, the IRS f
FCPT Announces Tax Treatment of 2020 Distributions
01/22/2021 | 05:55pm EDT
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Four Corners Property Trust, Inc. (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), announced today the tax characterization of its 2020 common stock distributions as shown below.
Record Date
Qualified Taxable Dividends are a subset of, and included in, Ordinary Taxable Dividends.
The common stock dividend of $0.3175 per share that was paid on January 15, 2021 to shareholders of record on January 4, 2021, will be applicable to the 2021 tax year.
If you held common stock of FCPT in your name at any time during 2020, an IRS Form 1099-DIV will be provided to you by Broadridge Corporate Issuer Solutions, FCPT’s transfer agent during 2020. If you held shares in street name during 2020, the IRS form provided by your bank, brokerage firm or nominee m