Tax Info / Dividends

Tax Treatment of 2020 Dividends

Record Date Payment Date Cash Distribution Adjustment Dividend(1) Ordinary Dividends(2) Qualified Dividends Capital Gain Dividends
Mar 31, 2020 Apr 15, 2020 $0.62 $0.00 $0.62 $0.620000 $0.000000 $0.000000
Jun 30, 2020 Jul 15, 2020 $0.62 $0.00 $0.62 $0.620000 $0.000000 $0.000000
Sep 30, 2020 Oct 15, 2020 $0.62 $0.00 $0.62 $0.620000 $0.000000 $0.000000
Dec 31, 2020 Jan 15, 2021 $0.62 $(0.42) $0.20 $0.200000 $0.000000 $0.000000
Total $2.48 $(0.42) $2.06 $2.060000 $0.000000 $0.000000

(1) Pursuant to IRC Section 857(b)(9), cash distributions made on January 15, 2021 with a record date of December 31, 2020 are treated as received by shareholders on December 31, 2020 to the extent of 2020 earnings and profits. As the Company’s aggregate 2020 dividends declared exceeded its 2020 earnings and profits, a portion of the January 2021 cash distribution declared in the fourth quarter of 2020 was 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, $0.20 is reported on your 2020 Form 1099 and $0.42 will be reported on your 2021 Form 1099.
(2) Ordinary dividends may be eligible for the 20% deduction applicable to “qualified REIT dividends” under IRC Section 199A(b)(1)(B). Please consult your tax advisor.

Tax Treatment of 2019 Dividends

Record Date Payment Date Cash Distribution Adjustment Dividend(1) Ordinary Dividends(2) Qualified Dividends Capital Gain Dividends
Mar 29, 2019 Apr 15, 2019 $0.62 $0.00 $0.62 $0.620000 $0.000000 $0.000000
Jun 28, 2019 Jul 15, 2019 $0.62 $0.00 $0.62 $0.620000 $0.000000 $0.000000
Sep 30, 2019 Oct 15, 2019 $0.62 $0.00 $0.62 $0.620000 $0.000000 $0.000000
Dec 31, 2019 Jan 15, 2020 $0.62 $0.00 $0.62 $0.620000 $0.000000 $0.000000
Total $2.48 $0.00 $2.48 $2.480000 $0.000000 $0.000000

(1) Pursuant to IRC Section 857(b)(9), cash distributions made on January 15, 2020 with a record date of December 31, 2019 are treated as received by shareholders on December 31, 2019 to the extent of 2019 earnings and profits.
(2) Ordinary dividends may be eligible for the 20% deduction applicable to “qualified REIT dividends” under IRC Section 199A(b)(1)(B). Please consult your tax advisor.

Tax Treatment of 2018 Dividends

Record Date Payment Date Cash Distribution Adjustment Dividend(1) Ordinary Dividends(2) Qualified Dividends Capital Gain Dividends
Dec 29, 2017 Jan 16, 2018 $0.00 $0.21 $0.21(3) $0.209380 $0.000000 $0.000620
Mar 30, 2018 Apr 16, 2018 $0.62 $0.00 $0.62 $0.618168 $0.000000 $0.001832
Jun 29, 2018 Jul 16, 2018 $0.62 $0.00 $0.62 $0.618168 $0.000000 $0.001832
Sep 28, 2018 Oct 15, 2018 $0.62 $0.00 $0.62 $0.618168 $0.000000 $0.001832
Dec 31, 2018 Jan 15, 2019 $0.62 $0.00 $0.62 $0.618168 $0.000000 $0.001832
Total $2.48 $0.21 $2.69 $2.682052 $0.000000 $0.007948

(1) Pursuant to IRC Section 857(b)(9), cash distributions made on January 15, 2019 with a record date of December 31, 2018 are treated as received by shareholders on December 31, 2018 to the extent of 2018 earnings and profits.
(2) Ordinary dividends may be eligible for the 20% deduction applicable to “qualified REIT dividends” under IRC Section 199A(b)(1)(B). Please consult your tax advisor.
(3) As the Company’s aggregate 2017 cash distributions exceeded its 2017 earnings and profits, a portion of the January 2018 cash distribution declared in the fourth quarter of 2017 was treated as a 2018 distribution for federal income tax purposes and not included on the 2017 Form 1099. If you were a stockholder of record as of December 29, 2017, $0.41 was reported on your 2017 Form 1099 and $0.21 is reported on your 2018 Form 1099.

Tax Treatment of 2017 Dividends

Record Date Payment Date Cash Distribution Adjustment Dividend(1) Ordinary Dividends Qualified Dividends Capital Gain Dividends
Mar 31, 2017 Apr 17, 2017 $0.62 $0.00 $0.62 $0.602641 $0.000000 $0.017359
Jun 30, 2017 Jul 14, 2017 $0.62 $0.00 $0.62 $0.601641 $0.000000 $0.017359
Sep 29, 2017 Oct 13, 2017 $0.62 $0.00 $0.62 $0.602641 $0.000000 $0.017359
Dec 29, 2017 Jan 16, 2018 $0.62 $(0.21) $0.41 $0.398521 $0.000000 $0.011479
Total $2.48 $(0.21) $2.27 $2.206444 $0.000000 $0.063556

(1) Pursuant to IRC Section 857(b)(9), cash distributions made on January 16, 2018 with a record date of December 29, 2017 are treated as received by shareholders on December 29, 2017 to the extent of 2017 earnings and profits. As the Company’s aggregate 2017 cash distributions exceeded its 2017 earnings and profits, a portion of the January 2018 cash distribution declared in the fourth quarter of 2017 was treated as a 2018 distribution for federal income tax purposes and not included on the 2017 Form 1099. If you were a stockholder of record as of December 31, 2017, $0.41 is reported on your 2017 Form 1099 and $0.21 will be reported on your 2018 Form 1099.

Tax Treatment of 2016 Dividends

Record Date Payment Date Cash Distribution Adjustment Dividend(1) Ordinary Dividends Qualified Dividends Capital Gain Dividends
Dec 31, 2015 Jan 15, 2016 $0.00 $0.06 $0.06(2) $0.055663 $0.000000 $0.004337
Mar 31, 2016 Apr 15, 2016 $0.62 $0.00 $0.62 $0.575180 $0.000000 $0.044820
Jun 30, 2016 Jul 15, 2016 $0.62 $0.00 $0.62 $0.575180 $0.000000 $0.044820
Sep 30, 2016 Oct 14, 2016 $0.62 $0.00 $0.62 $0.575180 $0.000000 $0.044820
Dec 30, 2016 Jan 13, 2017 $0.62 $0.00 $0.62 $0.575180 $0.000000 $0.044820
Total $2.48 $0.06 $2.54 $2.356383 $0.000000 $0.183617

(1) Pursuant to IRC Section 857(b)(9), cash distributions made on January 13, 2017 with a record date of December 30, 2016 are treated as received by shareholders on December 31, 2016 to the extent of 2016 earnings and profits.
(2) As the Company’s aggregate 2015 cash distributions exceeded its 2015 earnings and profits, a portion of the January 2016 cash distribution declared in the fourth quarter of 2015 was treated as a 2016 distribution for federal income tax purposes and not included on the 2015 Form 1099. If you were a stockholder of record as of December 31, 2015, $0.56 was reported on your 2015 Form 1099 and $0.06 is reported on your 2016 Form 1099.

Tax Treatment of 2015 Dividends

Record Date Payment Date Cash Distribution Adjustment Dividend(1) Ordinary Dividends Qualified Dividends Capital Gain Dividends
Dec 31, 2014 Jan 15, 2015 $0.00 $0.06(2) $0.06(2) $0.055415 $0.000000 $0.004585
Mar 31, 2015 Apr 15, 2015 $0.52 $0.00 $0.52 $0.480265 $0.000000 $0.039735
Jun 30, 2015 Jul 15, 2015 $0.52 $0.00 $0.52 $0.480265 $0.000000 $0.039735
Sep 30, 2015 Oct 14, 2015 $0.62 $0.00 $0.62 $0.572624 $0.000000 $0.047376
Dec 31, 2015 Jan 15, 2016 $0.62 $0.00 $0.56(3) $0.517208 $0.000000 $0.042792
Total $2.28 $0.06 $2.28 $2.105777 $0.000000 $0.174223

(1) Pursuant to IRC Section 857(b)(9), cash distributions made on January 15, 2015 with a record date of December 31, 2014 are treated as received by shareholders on December 31, 2014 to the extent of 2014 earnings and profits. Similarly, cash distributions made on January 15, 2016 with a record date of December 31, 2015 are treated as received by shareholders on December 31, 2015 to the extent of 2015 earnings and profits.
(2) As the Company’s aggregate 2014 cash distributions exceeded its 2014 earnings and profits, a portion of the January 2015 cash distribution declared in the fourth quarter of 2014 was treated as a 2015 distribution for federal income tax purposes and not included on the 2014 Form 1099. If you were a stockholder of record as of December 31, 2014, $0.46 was reported on your 2014 Form 1099 and $0.06 is reported on your 2015 Form 1099.
(3) As the Company’s aggregate 2015 cash distributions exceeded its 2015 earnings and profits, a portion of the January 2016 cash distribution declared in the fourth quarter of 2015 will be treated as a 2016 distribution for federal income tax purposes and not included on the 2015 Form 1099. If you were a stockholder of record as of December 31, 2015, $0.56 is reported on your 2015 Form 1099 and $0.06 will be reported on your 2016 Form 1099.

Tax Treatment of 2014 Dividends

Record Date Payment Date Cash Distribution Adjustment Dividend(1) Ordinary Dividends Qualified Dividends Capital Gain Dividends
Mar 31, 2014 Apr 15, 2014 $0.48 $0.00 $0.48 $0.479842 $0.000000 $0.000158
Jun 30, 2014 Jul 15, 2014 $0.48 $0.00 $0.48 $0.476988 $0.000000 $0.003012
Sep 30, 2014 Oct 15, 2014 $0.50 $0.00 $0.50 $0.496863 $0.000000 $0.003137
Dec 30, 2014 Jan 15, 2015 $0.52 $0.06 $0.46 $0.0.460757 $0.000000 $0.002909
Total $1.98 $0.06 $1.92 $1.914450 $0.000000 $0.009216

(1) Pursuant to IRC Section 857(b)(9), cash distributions made on January 15, 2015 with a record date of December 31, 2014 are treated as received by shareholders on December 31, 2014. As the Company’s aggregate 2014 cash distributions exceeded its earnings and profits, a portion of the January 2015 cash distribution declared in the fourth quarter of 2014 will be treated as a 2015 distribution for federal income tax purposes and is not included on the 2014 Form 1099.

Tax Treatment of 2013 Dividends

Record Date Payment Date Cash Distribution Adjustment Dividend Type Ordinary Dividends Qualified Dividends Return of Capital
Sep 30, 2013 Oct 15, 2013 $0.27 $0.00 Regular $0.270000 $0.000000 $0.000000
Dec 31, 2013 Jan 15, 2014(1) $0.45 $0.00 Regular $0.450000 $0.000000 $0.000000
Total $0.72 $0.00 $0.720000 $0.000000 $0.000000

(1) Distribution is treated as a dividend received by shareholders on December 31, 2013 pursuant to IRC Section 857(b)(9).