Vornado Supplies Information Regarding Tax Basis for the

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
33
Vornado Supplies Information Regarding Tax Basis for the Distribution of JBG SMITH Properties

NEW YORK, NY --(Marketwired - July 28, 2017) - On July 18, 2017, Vornado Realty Trust ( NYSE : VNO ) ("Vornado") completed the separation of our Washington, DC business from our New York business and combined it with the operating company and certain Washington, DC metropolitan area assets of The JBG Companies to create JBG SMITH Properties ( NYSE : JBGS ) and distributed one JBG SMITH Properties common share for every two Vornado common shares held on July 7, 2017 (the "Record Date").

Vornado has provided supplemental information on its website at www.vno.com on IRS Form 8937 regarding how a Vornado common shareholder can allocate their tax basis between Vornado common shares, which they owned prior to the distribution, and JBG SMITH common shares. Vornado common shareholders are encouraged to consult their financial advisors and tax advisors regarding the distribution and the applicability and effect of any U.S. federal, state and foreign tax laws.

Vornado Realty Trust is a fully integrated equity real estate investment trust.

Forward-Looking Statements

This press release may contain forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are not guarantees of performance. They represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. Our future results, financial condition and business may differ materially from those expressed in these forward-looking statements. You can find many of these statements by looking for words such as "approximates," "believes," "expects," "anticipates," "estimates," "intends," "plans," "would," "may" or other similar expressions in this press release. We also note the following forward-looking statements that have been included in this press release: the impact of the spin-off on Vornado and VRLP, the timing of and costs associated with property improvements, financing commitments, and general competitive factors. Many of the factors that will determine the outcome of these and our other forward-looking statements are beyond our ability to control or predict. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see "Item 1A. Risk Factors" and "Cautionary Statement Concerning Forward-Looking Statements" of Vornado and VRLP in their respective most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. You are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date of this press release. All subsequent written and oral forward-looking statements attributable to us or any person on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. We do not undertake any obligation to release publicly any revisions to our forward-looking statement to reflect events or circumstances occurring after the date of this press release.

CONTACT: Joseph Macnow (201) 587-1000

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Jixingfeng Advances Smart Manufacturing for Socks Market

Updated Category News Views 3

Socks Evolve: From Feet Covers to Tech Gear Once upon a time, socks were merely foot covers, destined to vanish beneath pants and shoes. But not anymore. In the bustling halls of the sock world, Jixingfeng built up a robust repertoire of producing high-performance hosiery for a modern market that demands more than just warmth. They’ve turned socks into a tech-infused...

Continue Reading
CABP Market Sees Potential in New Treatments Rising

Updated Category News Views 1

Rising Threats and New Solutions in CABP Market Listen up, folks. The community-acquired bacterial pneumonia (CABP) market is set to swell. And why is that? Well, it's got everything to do with a growing disease burden, aging populations, and complications from comorbid conditions. But here's the kicker: antimicrobial resistance is climbing like a cat up a tree, and that...

Continue Reading
Yas Island's Bold Move: Expanding With Potter Magic

Updated Category News Views 0

Potter Magic Takes Over Warner Bros. World Abu Dhabi Call it a stroke of wizardry or plain savvy business sense, Miral and Warner Bros. Discovery Global Experiences are betting large on Harry Potter with a trio of themed lands at Warner Bros. World Abu Dhabi. Brace yourselves, because this ain't your mother's theme park nostalgia—this is about breathing new life into a...

Continue Reading
Hims & Hers Health Hit by FTC Claims and Class Action

Updated Category News Views 1

Hims Faces Harsh Lessons With FTC Lawsuit There's trouble brewing in the world of telehealth, and Hims & Hers Health (NYSE: HIMS) is right at the eye of the storm. They've gone from a darling of digital health to a pariah faster than you can say 'data breach.' On July 29, 2026, they took a hit so hard you’d think the company stepped into the ring with a heavyweight...

Continue Reading
Indiana Fire Safety: The Importance of Regular Inspections

Updated Category News Views 2

Everybody thinks of fire extinguishers as those red cans hanging quietly on walls, but there's more to them than meets the eye. In Central Indiana, these devices are a literal lifeline, and neglecting their upkeep is playing with fire—literally. What Makes Monthly Checks a Big Deal? Fire extinguishers aren't just there for decoration. They're critical safety gear. This...

Continue Reading
TECNO CAMON Slim 5G: Where Art Meets Tech

Updated Category News Views 1

Unveiling the TECNO CAMON Slim 5G Okay, so imagine a tech brand saying, 'Why not make a phone that’s as much an art piece as it is a gadget?' TECNO just pulled this off with their latest CAMON Slim 5G. The thing's a sleek marvel measuring in at just 6.39mm. Seems like they took a fat-free diet approach to phone design, and not on the digital calories either. A Slim Body...

Continue Reading
Innventure Faces Class Action: SEC Whistleblowers Invited

Updated Category News Views 0

When Fiction Meets the Stock Market Here's a wild twist in the investment world: Innventure, Inc. (NASDAQ: INV) found itself in hot water, as its stock took a nosedive, plunging 55% on August 14, 2026. Imagine seeing your investments crumble just like that. What lit this fire? The decision to yank their DarkNX project from 2026 expectations and hit pause on their revenue...

Continue Reading
La Compagnie Unveils NYC-Düsseldorf Flight Plans

Updated Category News Views 2

A new chapter is unfolding in the skies over the Atlantic. La Compagnie is gearing up to connect New York to Düsseldorf with a direct, all-business-class flight starting in Spring 2027. This move is ambitious, tapping into the bustling economic energy present across the North Rhine-Westphalia region—an economic powerhouse littered with U.S.-affiliated businesses. A...

Continue Reading
Insurance 101: Know Your Limits and Deductibles

Updated Category News Views 3

It might not exactly be cocktail party fodder, but boy, skipping on understanding your homeowners insurance is a shortcut straight to financial hell. You’re living in St. Albans, WV, in a home that’s probably your biggest investment. Let’s talk about this before you find yourself in a mess you should've seen coming. Why Coverage Limits Matter a Whole Lot Listen up,...

Continue Reading
TCL’s AI Vision: Immersive Living at IFA 2026

Updated Category News Views 3

AI and Displays: A Match Made in Tech Heaven Every so often, a company stands up at a tech fair and gives a glimpse into the next chapter of living, as TCL did at IFA 2026. This time, they're not just talking about screens; they're weaving them into the fabric of everyday life alongside AI capabilities. From sporting arenas to your living room, it's a vision of what could...

Continue Reading

Top 5 Most Recently Viewed Articles

Mixed Market Performance in Germany's Stock Exchange Today

Updated Category News Views 328

Understanding Germany's Stock Market Trends Germany's stock market exhibited a mixed performance, showcasing a blend of activity among various sectors. The end of the trading day revealed some interesting shifts, particularly with indices such as the DAX taking a slight downturn while others showed resilience and growth. Despite a slight decline of 0.18% in the DAX,...

Continue Reading
Medicaid Members in Oswego County Get Tailored Nutrition

Updated Category News Views 11

Partnership Forged for Nutritional Health When you hear about new partnerships sprouting up, the first question that sometimes hits your brain is, "What's the angle here?" But this one's got a solid foundation in something even the shrewdest traders can appreciate: real-world impact. Umoja Food For Health has teamed up with Oswego County Opportunities (OCO), aiming to...

Continue Reading
S&T Bancorp Welcomes Stephanie N. Doliveira to Its Board

Updated Category News Views 199

Introduction of Stephanie N. Doliveira S&T Bancorp, Inc. (NASDAQ: STBA), the holding company for S&T Bank, is thrilled to announce the appointment of Stephanie N. Doliveira to its board of directors. Doliveira brings an impressive background of over 25 years in leading initiatives that prioritize people and performance, making her a substantial addition to S&T's...

Continue Reading
NVE Corporation Shares Q3 Financials and Dividend Details

Updated Category News Views 137

NVE Corporation Reports Third Quarter Financial Results NVE Corporation (NASDAQ: NVEC) has recently shared its financial results for the quarter that ended on December 31. The company announced some significant changes that could affect shareholders and analysts alike. Financial Overview This quarter, NVE's total revenue dropped by 25%, amounting to $5.06 million compared...

Continue Reading
Spirit Airlines Commemorates 33 Years with Flight Giveaways

Updated Category News Views 242

Spirit Airlines Celebrates 33rd Anniversary with Exciting Giveaway Spirit Airlines, a leader in affordable air travel, is marking a significant milestone with an exciting initiative for its devoted customers. The airline, which has transformed the way travelers view budget-friendly flights, is commemorating its 33rd anniversary by inviting its loyal supporters to...

Continue Reading