Tax Allocation for 2019 Dividends Paid by Spirit MTA REIT
January 31 2020 - 7:00AM
Business Wire
SMTA Liquidating Trust, the successor to Spirit MTA REIT (NYSE:
SMTA) (“SMTA”) announced today the calculation of the tax status of
Spirit MTA REIT’s 2019 common stock (CUSIP #84861U105)
dividends.
The following is an allocation of the 2019 common stock of SMTA
(CUSIP #84861U105) dividends for United States federal income tax
purposes:
Record Date
Paid Date
Dividend per Share
Ordinary Dividends(1)
Total Capital Gain
Dividends
Unrecaptured Sec. 1250 Gain
Dividends
Non- Dividend
Distributions
Return of Capital %
Cash Liquidating
Distribution
12/31/18
01/15/19
$0.311448
$0.270350
$0.000000
$0.000000
$0.041098
13.19577%
$0.000000
12/31/18
01/15/19
$0.943782
$0.819242
$0.000000
$0.000000
$0.124539
13.19577%
$0.000000
03/29/19
04/15/19
$0.330000
$0.286454
$0.000000
$0.000000
$0.043546
13.19577%
$0.000000
06/28/19
07/15/19
$0.330000
$0.286454
$0.000000
$0.000000
$0.043546
13.19577%
$0.000000
10/14/19
10/23/19
$8.000000
$0.000000
$0.000000
$0.000000
$0.000000
0.000000%
$8.000000
Total
$9.915230
$1.662500
$0.000000
$0.000000
$0.252729
13.19577%
$8.000000
- The 2019 Ordinary Dividends are reported on Form 1099-DIV, Box
5, Section 199A Dividends. Treasury Regulations Sec.
1.199A-3(c)(2)(ii)(A) requires that shareholders hold their REIT
shares for more than 45 days during a specified period in order for
the dividends to be treated as “qualified REIT dividends” for
purposes of Section 199A. Former Shareholders are urged to consult
with their tax advisors to determine whether this requirement
affects any portion of the dividends included in Box 5.
The common stock dividend of $0.311448 per share of SMTA and the
common stock special dividend of $0.943782 per share of SMTA
indicated above reflects the portion of the $0.330000 per share
common stock dividend and $1.000000 per share common stock special
dividend with a record date of December 31, 2018, and payment date
of January 15, 2019 that is reportable in the December 31, 2019 tax
year. The remainder of the $0.330000 per share common stock
dividend and $1.000000 per share common stock special dividend was
reportable in the December 31, 2018 tax year.
Former shareholders of SMTA are encouraged to consult with their
tax advisors as to the specific tax treatment of SMTA’s common
stock dividends to them.
Additional dividend information can be obtained through the
Investor Relations section of SMTA’s website at
www.spiritmastertrust.com. For inquiries related to your SMTA
dividends, please contact SMTA’s transfer agent, American Stock
Transfer & Company, LLC at (866) 703-9065.
About Spirit MTA REIT and SMTA Liquidating Trust
Effective as of 12:01 A.M. Eastern Time on January 1, 2020,
Spirit MTA REIT (NYSE: SMTA) entered into a Liquidating Trust
Agreement, for the creation and operation of a newly-created trust
called SMTA Liquidating Trust, a Maryland common law trust (the
“Liquidating Trust”), and transferred all of its assets to the
Liquidating Trust (subject to all of SMTA’s liabilities). The
Liquidating Trust continues to be managed by a subsidiary of Spirit
Realty Capital, L.P., a wholly-owned subsidiary of Spirit Realty
Capital, Inc. (NYSE: SRC), one of the largest publicly traded
triple net-lease REITS. The purpose of the Liquidating Trust is to
liquidate its assets and distribute the net proceeds to the holders
of its Liquidating Trust units.
FORWARD-LOOKING AND CAUTIONARY STATEMENTS
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
and other federal securities laws. These forward-looking statements
can be identified by the use of words such as "expect," "plan,"
"will," "estimate," "project," "intend," "believe," "guidance,"
“approximately,” “anticipate,” “may,” “should,” “seek” or the
negative of these words and phrases or similar words or phrases
that are predictions of or indicate future events or trends and
that do not relate to historical matters. You can also identify
forward-looking statements by discussions of strategy, plans or
intentions of management. These forward-looking statements are
subject to known and unknown risks and uncertainties that you
should not rely on as predictions of future events. Forward-looking
statements depend on assumptions, data and/or methods which may be
incorrect or imprecise and we may not be able to realize them. The
following risks and uncertainties, among others, could cause actual
results to differ materially from those currently anticipated due
to a number of factors, which include, but are not limited to:
industry and economic conditions; the pricing of any sale or sales
of the Liquidating Trust’s remaining assets; the Liquidating
Trust’s dependence on its external manager; unknown liabilities
acquired in connection with acquired properties or interests in
real-estate related entities; and general risks affecting the real
estate industry and local real estate markets (including, without
limitation, the market value of the Liquidating Trust’s
properties.
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version on businesswire.com: https://www.businesswire.com/news/home/20200131005114/en/
Investor: SMTA Liquidating Trust (972) 476-1409
SMTAInvestorRelations@SpiritRealty.com
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