COPT Defense Distributions Tax Treatment Details for 2024
COPT Defense Properties Tax Treatment Overview for 2024
COPT Defense Properties (NYSE: CDP) has recently shared crucial information regarding the tax treatment of its common share distributions for 2024. This announcement serves as essential guidance for shareholders who should consult their tax advisors regarding their individual tax situations related to these distributions.
Important Distribution Dates
Looking ahead, it’s important for shareholders to note that the common share distributions recorded on December 31, 2024, will be considered income for the fiscal year 2024. The payments for these distributions will be made on January 15, 2025, ensuring a clear timeline for financial planning.
Details of 2024 Distributions
The income tax treatment of the distributions for the year 2024 has been summarized comprehensively in an accompanying table. This table details the record dates and payment dates alongside the respective distributions per share.
Key Information from the Distribution Table
For instance, the record date for distribution on March 29, 2024, corresponds to a payment date of April 17, 2024, with a total distribution of $0.2950 allocated to 2024. This pattern continues through subsequent distributions occurring on various dates throughout the year, reflecting consistent shareholder returns. The allocation for 2024 as a taxable ordinary dividend also stands at $0.2950 per share, consistent across each distribution for simplicity and clarity in reporting for tax purposes.
About COPT Defense
COPT Defense is a self-managed real estate investment trust (REIT) dedicated to owning, operating, and developing properties that support U.S. Government defense installations and missions. With its portfolio comprising 194 properties and a substantial tenant base that includes U.S. Government entities and defense contractors, the company plays a pivotal role in facilitating critical national security activities. As of now, over 96% of its properties are leased, showcasing a thriving business model aimed at supporting defense needs.
Investor Perspective and Final Remarks
COPT Defense, an S&P MidCap 400 Company, clearly emphasizes its commitment to maintaining transparent and beneficial tax practices for its shareholders. By providing this necessary information, the company equips investors to navigate their finances more effectively amidst the upcoming distribution schedules. All shareholders are encouraged to remain informed and proactive in their financial strategies in light of these distributions and their tax implications.
Frequently Asked Questions
What are the tax implications of COPT Defense's 2024 distributions?
The distributions will be treated as taxable ordinary dividends for the fiscal year 2024, and shareholders should consult their tax advisors for personalized guidance.
When is the record date for the 2024 distributions?
The record dates for the distributions are set on March 29, June 28, September 30, and December 31, 2024.
What is the payment date for the first distribution?
The first distribution payment date is April 17, 2024, following the record date of March 29, 2024.
How does COPT Defense ensure shareholder value?
COPT Defense operates a strategic portfolio that focuses on properties essential for U.S. Government activities, thus ensuring continued demand for its spaces and consistent returns to shareholders.
Is there a resource for more information about COPT Defense?
Yes, shareholders and potential investors can access detailed information about COPT Defense through official communications from the company and by consulting financial publications for further insights.
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