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Gaming and Leisure Properties Inc. Announces 2019 Distribution Tax Treatment

Published

6 years ago

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Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“the Company”) announced the income tax allocation for federal income tax purposes of its aggregate distributions in 2019 of $2.74 per share of common stock (CUSIP: 36467J108).

Form 1099 Reference:  (Boxes 1a + 2a + 3)  Box 1a  Box 1b  Box 2a Box 2b Box 3 Box 5
Record Date Payable Date Total Distribution
Per Share		 Ordinary Taxable
Dividends		 Taxable Qualified
Dividends (1)		 Total Capital Gain
Distribution		 Unrecaptured
1250 Gain (2)		 Nondividend
Distributions (3)		 Section 199A
Dividends (4)
03/08/2019 03/22/2019 $0.680000 $0.571702 $0.009614 $0.008754 – $0.099544 $0.562088
06/14/2019 06/28/2019 $0.680000 $0.571702 $0.009614 $0.008754 – $0.099544 $0.562088
09/06/2019 09/20/2019 $0.680000 $0.571702 $0.009614 $0.008754 – $0.099544 $0.562088
12/13/2019 12/27/2019 $0.700000 $0.588517 $0.009897 $0.009012 – $0.102471 $0.578620
Totals $2.740000 $2.303623 $0.038739 $0.035274  – $0.401103 $2.264884
(1)  Amounts in 1b are included in 1a
(2)  Amounts in 2b are included in 2a
(3)  Amounts in 3 are also known as Return of Capital
(4)  Amounts in 5 are included in 1a

Gaming and Leisure Properties’ tax return for the year ended December 31, 2019, has not been filed.  As a result, the income tax allocation for the distributions discussed above has been calculated using the best available information as of the date of this press release.

Please note that federal tax laws affect taxpayers differently, and the information in this release is not intended as advice to shareholders on how distributions should be reported on their tax returns.  Also note that state and local taxation of real estate investment trust distributions varies and may not be the same as the taxation under the federal rules.  Shareholders are encouraged to consult with their own tax advisors as to their specific federal, state, and local income tax treatment of the Company’s distributions.

 

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Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

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