VICI Properties Inc. Announces Tax Treatment of 2023 Distributions
January 22 2024 - 4:15PM
Business Wire
VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the
“Company”), an experiential real estate investment trust, today
announced the tax treatment of its 2023 distributions on its common
stock (CUSIP #925652109). Stockholders are encouraged to consult
with their tax advisors as to their specific tax treatment of VICI
Properties’ distributions. The following table summarizes the
Company’s distributions on its common stock for the tax year ended
December 31, 2023:
Taxable Composition of 2023 Distributions (Form
1099-DIV)
2023 Distributions Paid Tax Treatment of 2023
Distributions Record Date Payment Date
Total Distribution Per
Share
Distribution Reportable in
2023
Distribution Reportable in 2024
Ordinary Dividend Box
1a
Qualified Dividend (1) Box
1b
Non-Dividend Distribution(2)
Box 3
Section 199A Dividends (1)(3)
Box 5
12/22/2022 1/5/2023
$0.3900
$0.2813
(4)
N/A
$0.2763
$0.0045
$0.0050
$0.2718
3/23/2023 4/6/2023
$0.3900
$0.3900
N/A
$0.3831
$0.0062
$0.0069
$0.3769
6/22/2023 7/6/2023
$0.3900
$0.3900
N/A
$0.3831
$0.0062
$0.0069
$0.3769
9/21/2023 10/5/2023
$0.4150
$0.4150
N/A
$0.4076
$0.0066
$0.0074
$0.4010
12/21/2023 1/4/2024
$0.4150
$0.0000
(5)
$0.4150
(5)
$0.0000
$0.0000
$0.0000
$0.0000
$2.0000
$1.4763
$0.4150
$1.4500
$0.0235
$0.0263
$1.4265
(1) These amounts are a subset of, and included in, the 2023
ordinary dividend amounts (Box 1a).
(2) Represents a return of
capital.
(3) Treasury Regulation § 1.199A-3(c)(2)(ii) requires that
stockholders hold their REIT shares for more than 45 days during
the 91-day period beginning on the date that is 45 days before the
date on which such shares become ex-dividend with respect to such
dividend in order for the dividends to be treated as Section 199A
Dividends. Stockholders should consult with their tax advisors to
determine whether this requirement affects any portion of the
dividends included in Box 5. (4) $0.2813 of the January 5, 2023
distribution (which was declared and had a record date in the
fourth quarter of 2022) is treated as a 2023 distribution for
federal income tax purposes. The remaining $0.1087 was treated as a
2022 distribution for federal income tax purposes pursuant to IRC
Section 857(b)(9). (5) Pursuant to IRC Section 857(b)(9), cash
distributions paid on January 4, 2024 with a record date of
December 21, 2023 are treated as received by stockholders on
December 21, 2023 to the extent of 2023 earnings and profits. As
the Company’s aggregate 2023 cash distributions exceeded its 2023
earnings and profits, the entire January 2024 cash distribution
declared in the fourth quarter of 2023 will be treated as a 2024
distribution for federal income tax purposes and is not included on
the 2023 Form 1099. If you were a stockholder of record as of
December 21, 2023, $0.0000 with respect to this January 4, 2024
distribution will be reported on your 2023 Form 1099 and $0.4150
will be reported on your 2024 Form 1099.
About VICI Properties
VICI Properties Inc. is an S&P 500® experiential real estate
investment trust that owns one of the largest portfolios of
market-leading gaming, hospitality and entertainment destinations,
including Caesars Palace Las Vegas, MGM Grand and the Venetian
Resort Las Vegas, three of the most iconic entertainment facilities
on the Las Vegas Strip. VICI Properties owns 93 experiential assets
across a geographically diverse portfolio consisting of 54 gaming
properties and 39 non-gaming experiential properties across the
United States and Canada. The portfolio is comprised of
approximately 127 million square feet and features approximately
60,300 hotel rooms and more than 500 restaurants, bars, nightclubs
and sportsbooks. Its properties are occupied by industry-leading
gaming, leisure and hospitality operators under long-term,
triple-net lease agreements. VICI Properties has a growing array of
real estate and financing partnerships with leading non-gaming
experiential operators, including Bowlero, Cabot, Canyon Ranch,
Chelsea Piers, Great Wolf Resorts, and Kalahari Resorts and
Conventions. VICI Properties also owns four championship golf
courses and 33 acres of undeveloped and underdeveloped land
adjacent to the Las Vegas Strip. VICI Properties’ goal is to create
the highest quality and most productive experiential real estate
portfolio through a strategy of partnering with the highest quality
experiential place makers and operators.
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Investor Contact Investors@viciproperties.com (646)
949-4631 Or David Kieske EVP, Chief Financial Officer
DKieske@viciproperties.com Moira McCloskey SVP, Capital Markets
DValoy@viciproperties.com
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