other
confidence high
sentiment neutral
materiality 0.10
Power REIT announces 2022 dividend tax treatment: all preferred distributions ordinary income
Power REIT
- For 7.75% Series A Preferred Stock, each quarterly 2022 distribution of $0.484375/share classified entirely as ordinary income.
- Total 2022 preferred distributions per share: $1.9375, all ordinary income; no return of capital or capital gains.
- The table covers record/payable dates in Feb, May, Aug 2022; stockholders urged to consult tax advisors.