Lineage, Inc. Reveals Tax Distribution Details for 2024

Overview of Lineage's 2024 Distribution Tax Treatment

Lineage, Inc. (NASDAQ: LINE), a leader in temperature-controlled real estate investment, has announced the tax treatment concerning its distributions for the upcoming year. Shareholders often seek this information to better understand how their investments will be taxed, ensuring they can make informed financial decisions.

Distribution Details for 2024

The company has indicated that tax reporting for its 2024 distributions will follow standard practices, providing shareholders with clear insights. Understanding these tax implications is crucial for maintaining effective investment strategies.

Expected Shareholder Benefits

The reported cash distribution per share stands at $0.38. This figure reflects the company's commitment to delivering value to its shareholders while maintaining adherence to regulatory requirements. The distribution helps shareholders plan and manage their tax liabilities effectively.

Record and Payable Dates

It's essential for shareholders to keep track of relevant dates. The record date for these distributions is set for September 30, 2024, with the payable date on October 21, 2024. Being aware of these dates allows shareholders to ensure their eligibility for dividends and manage their portfolios accordingly.

Understanding Various Dividend Classifications

To further clarify the information for shareholders, the distributions are classified into several categories. Knowledge of these categories aids investors in strategic planning concerning their tax obligations and portfolio management.

Classifications Explained

The classifications include ordinary dividends, qualified dividends, and capital gain distributions, with the ordinary dividend set at $0.00 for this reporting period. Furthermore, it’s worth noting that there is a $0.0003 per share section 897 look-through distribution gain.

Expert Recommendations

Understanding tax laws can be overwhelming, so the company emphasizes consulting with a tax advisor for clarifying the implications that may arise from their distributions. This advice is particularly pertinent in relation to how federal, state, and local taxation may affect individual investors.

About Lineage, Inc.

Lineage, Inc. is renowned as the largest global temperature-controlled warehouse Real Estate Investment Trust (REIT). With over 480 facilities spread across North America, Europe, and Asia-Pacific, the company boasts a total capacity of approximately 84 million square feet. Its operations support some of the most prominent food and beverage producers, retailers, and distributors. The company prides itself on enhancing distribution efficiency, promoting sustainability, and minimizing waste in the food supply chain. Lineage is committed to feeding the world through innovative supply chain solutions.

Frequently Asked Questions

What is the cash distribution amount for Lineage in 2024?

The cash distribution per share for Lineage, Inc. in 2024 is reported at $0.38.

When are the record and payable dates for the distributions?

The record date is September 30, 2024, and the payable date is October 21, 2024.

What are the classifications of distributions?

Distributions are classified as ordinary dividends, qualified dividends, and capital gain distributions. For this period, ordinary dividends are reported at $0.00.

Why is consulting with a tax advisor recommended?

Consulting with a tax advisor is crucial as they help navigate the complexities of federal and local taxation regarding REIT distributions, ensuring that shareholders understand their specific tax consequences.

How does Lineage, Inc. support its shareholders?

Lineage, Inc. supports shareholders by providing clear information regarding distributions, encouraging transparency, and ensuring that shareholders are well-informed about their potential tax liabilities.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. If any of the material offered here is inaccurate, please contact us for corrections.