Prologis announces the tax treatment of 2021 dividends

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SAN FRANCISCO, January 27, 2022 /PRNewswire/ — Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced the tax treatment of its 2021 distributions. Exhibits A and B reflect the tax treatment of distributions on common and preferred shares of Prologis, Inc., respectively, as prescribed by the Internal Revenue Code.

Individuals who held Prologis, Inc. common stock in their name at any time in 2021 will receive an IRS Form 1099-DIV through Computershare, Prologis’ transfer agent. Individuals who held “street name” stock in 2021 should note that Form 1099-DIV information provided by a bank, brokerage firm, or agent may only report gross distributions. Therefore, the information contained in this document may be necessary to properly complete a federal income tax return.

This information has been prepared using the best information available to date. Prologis, Inc. federal income tax return for the fiscal year ended December 31, 2021, has not yet been filed. Please note that federal tax laws affect taxpayers differently and we cannot advise you on how distributions should be declared. Please also note that state and local taxation of REIT distributions may differ from federal rules. Prologis, Inc. recommends consulting a tax advisor regarding the federal, state and local tax consequences of such distributions.

Exhibit A
Tax treatment of 2021 ordinary dividends

Prologis, Inc.
Ordinary actions
CUSIP # 74340W103
Stock symbol: PLD

Registration Date

Payment date

Cash distribution

Ordinary taxable income ($ per share)(1)

Eligible taxable dividend ($ per share)(1)

Long term
Capital gain
($ per share)
(2)(4)

Unrecovered gain under section 1250 ($ per share)(2)

Section 199A dividends ($ per share)

Section 1061 Disclosure of One Year Amounts ($ per share)(3)

Section 1061 Disclosure of three-year amounts ($ per share)(3)

03/19/2021

03/31/2021

0.630000

0.611877

0.001060

0.017063

0.000000

0.611877

0.017063

0.001595

06/16/2021

06/30/2021

0.630000

0.611877

0.001060

0.017063

0.000000

0.611877

0.017063

0.001595

09/17/2021

09/30/2021

0.630000

0.611877

0.001060

0.017063

0.000000

0.611877

0.017063

0.001595

14/12/2021

31/12/2021

0.630000

0.611877

0.001060

0.017063

0.000000

0.611877

0.017063

0.001595



(1)

The sum of these amounts will be reported in Box 1a of Form 1099-DIV as Total Ordinary Dividends.

(2)

The sum of these amounts will be reported in box 2a of Form 1099-DIV as total capital gains distributions.

(3)

For purposes of Section 1061 of the Internal Revenue Code, Prologis, Inc. discloses two additional amounts related to the capital gains distribution. Section 1061 generally applies to direct and indirect holders of “applicable partnership interests”.

(4)

15.757% of the capital gain is a Section 897 capital gain for foreign shareholders.

Exhibit B
Tax treatment of preferred dividends 2021

Prologis, Inc.
Series Q Cumulative Redeemable Preferred Shares
CUSIP#74340W202
Stock Symbol: PLDGP

Registration Date

Payment date

Cash distribution

Ordinary taxable income ($ per share)(1)

Eligible taxable dividend ($ per share)(1)

Long term
Capital gain
($ per share)
(2)(4)

Unrecovered gain under section 1250 ($ per share)(2)

Section 199A dividends ($ per share)

Section 1061 Disclosure of One Year Amounts ($ per share)(3)

Section 1061 Disclosure of three-year amounts ($ per share)(3)

03/19/2021

03/31/2021

1.067500

1.036792

0.001795

0.028913

0.000000

1.036792

0.028913

0.002703

06/18/2021

06/30/2021

1.067500

1.036792

0.001795

0.028913

0.000000

1.036792

0.028913

0.002703

09/17/2021

09/30/2021

1.067500

1.036792

0.001795

0.028913

0.000000

1.036792

0.028913

0.002703

14/12/2021

31/12/2021

1.067500

1.036792

0.001795

0.028913

0.000000

1.036792

0.028913

0.002703



(1)

The sum of these amounts will be reported in Box 1a of Form 1099-DIV as Total Ordinary Dividends.

(2)

The sum of these amounts will be reported in box 2a of Form 1099-DIV as total capital gains distributions.

(3)

For purposes of Section 1061 of the Internal Revenue Code, Prologis, Inc. discloses two additional amounts related to the capital gains distribution. Section 1061 generally applies to direct and indirect holders of “applicable partnership interests”.

(4)

15.757% of the capital gain is a Section 897 capital gain for foreign shareholders.

ABOUT PROLOGIS
Prologis, Inc. is the global leader in logistics real estate and focuses on high-barrier, high-growth markets. From December 31, 2021, the company owned or had investments in, wholly owned or through co-investment ventures, properties and development projects expected to total approximately 1.0 billion square feet (93 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,800 customers, primarily split into two broad categories: B2B and Retail/Online.

FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. ‘fine. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate and management’s beliefs and assumptions. Such statements involve uncertainties that could materially affect our financial results. Words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks” and “estimates”, including variations of these similar words and expressions, are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or expect to occur in the future, including statements relating to rental and occupancy growth, development activity, contribution and divestiture activity, general conditions in the geographic areas where we operate, our debt, capital structure and financial condition, our ability to form new co-investment ventures and the availability of capital in existing or new co-investment ventures are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe that the expectations reflected in the forward-looking statements are based on reasonable assumptions, we cannot guarantee that our expectations will be achieved and, accordingly, actual results and outcomes may differ materially from what is expressed or anticipated in such statements. prospective. research statements. Some of the factors that may affect outputs and outcomes include, but are not limited to: (i) national, international, regional and local economic and political climates; (ii) fluctuations in global financial markets, interest rates and currency exchange rates; (iii) increased or unexpected competition for our properties; (iv) risks associated with acquisitions, disposals and development of properties; (v) maintenance of REIT status, tax structuring and changes in income tax laws and rates; (vi) the availability of financing and capital, the levels of indebtedness we maintain and our credit ratings; (vii) risks relating to our investments in our co-investment businesses, including our ability to establish new co-investment businesses; (viii) the risks of doing business internationally, including currency exchange risks; (ix) environmental uncertainties, including the risks of natural disasters; (x) risks related to the current coronavirus pandemic; and (xi) additional factors mentioned in our reports filed with the Securities and Exchange Commission under the heading “Risk Factors”. We assume no obligation to update any forward-looking statements contained herein, except as required by law.

SOURCE Prologis, Inc.

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