Rexford Industrial Reports Taxable Composition of 2013 Dividends
LOS ANGELES--(BUSINESS WIRE)-- Rexford Industrial Realty, Inc. (the “Company” or “Rexford Industrial”) (NYSE:REXR), a real estate investment trust focused on owning and operating industrial properties located in Southern California infill markets, today announced the 2013 tax treatment of the Company's common stock distributions, as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company’s distributions.
| Common Stock | ||||||||||||||||
| Record | Payable |
Total Distributions |
Total Ordinary | Qualified |
Total Capital Gain |
Unrecaptured Section 1250 |
Nondividend | |||||||||
| Date | Date | Per Share (1) | Dividends | Dividends | Distributions | Gain | Distributions | |||||||||
| 12/30/2013 | 1/14/2014 | $0.21 | $0.19 | $0 | $0 | $0 | $0 | |||||||||
| Form 1099 – Div Box | 1a | 1b | 2a | 2b | 3 | |||||||||||
| (1) $0.19 of which will be treated as taxable dividends for 2013. The remaining $0.02 of the dividend paid on January 14, 2014, with a record date of December 30, 2013, will be treated as paid in 2014. |
About Rexford Industrial
Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns interests in 69 properties with approximately 7.7 million rentable square feet and manages an additional 20 properties with approximately 1.2 million rentable square feet.
For additional information, visit www.rexfordindustrial.com.
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. While forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the section entitled "Cautionary Note Regarding Forward-Looking Statements" in the Company's prospectus for its recently completed initial public offering and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes.
Investor Relations:
Rexford Industrial
Stephen Swett, 424-256-2153 ext 401
investorrelations@rexfordindustrial.com
Source: Rexford Industrial Realty, Inc.