JBG SMITH Reports Taxable Composition of 2019 Dividends
JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced the tax treatment of the Company's 2019 distributions on its common shares. The income allocations as they will be reported on Form 1099-DIV are set forth in the following table:
Common Shares – CUSIP number 46590V100
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Distribution Per Share |
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2019 Tax Treatment |
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Record
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Payable
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Ex-Dividend
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Total |
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Taxable in
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Taxable in
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Taxable in
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Total
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Qualified
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Total Capital
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Unrecap.
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Section
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Form 1099-DIV Box: |
1a |
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1b1 |
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2a |
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2b2 |
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51 |
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12/28/2018 |
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01/08/2019 |
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12/27/2018 |
$ |
0.100 |
$ |
0.100 |
$ |
0.000 |
$ |
0.000 |
$ |
0.000 |
$ |
0.000 |
$ |
0.000 |
$ |
0.000 |
$ |
0.000 |
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12/28/2018 |
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01/08/2019 |
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12/27/2018 |
$ |
0.225 |
$ |
0.000 |
$ |
0.225 |
$ |
0.000 |
$ |
0.111 |
$ |
0.000 |
$ |
0.114 |
$ |
0.021 |
$ |
0.111 |
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05/13/2019 |
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05/24/2019 |
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05/10/2019 |
$ |
0.225 |
$ |
0.000 |
$ |
0.225 |
$ |
0.000 |
$ |
0.111 |
$ |
0.000 |
$ |
0.114 |
$ |
0.021 |
$ |
0.111 |
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08/13/2019 |
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08/26/2019 |
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08/12/2019 |
$ |
0.225 |
$ |
0.000 |
$ |
0.225 |
$ |
0.000 |
$ |
0.111 |
$ |
0.000 |
$ |
0.114 |
$ |
0.021 |
$ |
0.111 |
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11/14/2019 |
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11/29/2019 |
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11/13/2019 |
$ |
0.225 |
$ |
0.000 |
$ |
0.225 |
$ |
0.000 |
$ |
0.111 |
$ |
0.000 |
$ |
0.114 |
$ |
0.021 |
$ |
0.111 |
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12/27/2019 |
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01/08/2020 |
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12/26/2019 |
$ |
0.225 |
$ |
0.000 |
$ |
0.000 |
$ |
0.225 |
$ |
0.000 |
$ |
0.000 |
$ |
0.000 |
$ |
0.000 |
$ |
0.000 |
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Totals: |
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$ |
1.225 |
$ |
0.100 |
$ |
0.900 |
$ |
0.225 |
$ |
0.444 |
$ |
0.000 |
$ |
0.456 |
$ |
0.084 |
$ |
0.444 |
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The common share distribution with a record date of December 28, 2018 comprised a $0.225 quarterly distribution and a $0.100 special distribution. The special distribution of $0.100 was allocable to 2018 for federal income tax purposes and the normal quarterly distribution of $0.225 is allocable to 2019 for federal income tax purposes.
About JBG SMITH
JBG SMITH is an S&P 400 company that owns, operates, invests in, and develops a dynamic portfolio of high-quality mixed-use properties in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Capital region, including National Landing where it now serves as the exclusive developer for Amazon’s new headquarters. JBG SMITH’s operating portfolio currently comprises approximately 19 million square feet of high-quality office, multifamily and retail assets, 98% of which are Metro-served. It also maintains a robust future pipeline encompassing approximately 20 million square feet of mixed-use development opportunities. For more information on JBG SMITH please visit www.jbgsmith.com.
1 These amounts are a subset of, and included in, Total Ordinary Dividends (Box 1a)
2 Unrecaptured Section 1250 Gain is a subset of, and included in, Total Capital Gain Distributions (Box 2a)
View source version on businesswire.com: https://www.businesswire.com/news/home/20200116005788/en/
Investor Relations
Jaime Marcus
JBG SMITH
SVP, Investor Relations & Corporate Communications
(240) 333-3643
[email protected]
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