Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as “we,” “us” and “our”) today announced the tax treatment of our 2014 common and preferred share distributions. The following table summarizes the income tax treatment of our 2014 common distributions.
Common Shares (CUSIP No. 29472R108)
Ordinary | ||||||||||||
Record | Payable | Distribution | Total Distribution | Taxable | ||||||||
Date | Date | Per Share | Allocable to 2014 | Dividend | ||||||||
12/27/13 | 01/10/14 | $0.250000 | $0.041273 | $0.041273 | ||||||||
03/28/14 | 04/11/14 | $0.325000 | $0.325000 | $0.325000 | ||||||||
06/27/14 | 07/11/14 | $0.325000 | $0.325000 | $0.325000 | ||||||||
09/26/14 | 10/10/14 | $0.325000 | $0.325000 | $0.325000 | ||||||||
12/26/14 | 01/09/15 | $0.325000 | $0.200273 | $0.200273 | ||||||||
TOTALS | $1.550000 | $1.216546 | $1.216546 |
The common stock distribution with a record date of December 27, 2013 is a split-year distribution with $0.041273 allocable to 2014 for federal income tax purposes. The common stock distribution with a record date of December 26, 2014, paid on January 9, 2015, is also a split-year distribution with $0.200273 considered a distribution made in 2014 and $0.124727 allocable to 2015 for federal income tax purposes.
Series C Cumulative Redeemable Perpetual Preferred Stock (CUSIP No. 29472R405)
Record | Payable | Distribution | Ordinary | ||||||
Date | Date | Per Share(1) | Taxable Dividend | ||||||
03/21/14 | 03/31/14 | $0.421875 | $0.421875 | ||||||
06/20/14 | 06/30/14 | $0.421875 | $0.421875 | ||||||
09/19/14 | 09/30/14 | $0.421875 | $0.421875 | ||||||
12/12/14 | 12/31/14 | $0.421875 | $0.421875 | ||||||
TOTALS | $1.687500 | $1.687500 |
(1) The distributions represent the distributions on each Depository Share (representing 1/100 of a share of Series C Preferred Stock).
Stockholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from us.
We own or have an interest in 384 quality properties in 32 states and British Columbia consisting of 143,096 sites. We are a self-administered, self managed, real estate investment trust (REIT) with headquarters in Chicago.
Contacts:
Paul Seavey, (800) 247-5279