Phillips Edison & Co. Inc. has filed a prospectus detailing key U.S. federal income tax considerations related to its status as a real estate investment trust $(REIT)$ and the handling of its capital stock and debt securities. The document outlines exemptions under the Foreign Investment in Real Property Tax Act (FIRPTA) for qualified shareholders and certain qualified foreign pension funds. It specifies that dividends and interest payments to non-U.S. holders typically avoid backup withholding, provided proper certification of non-U.S. status is furnished. Information returns to the IRS are required for distributions, and conditions for avoiding withholding on sales or dispositions are detailed. The prospectus serves as a general guide and not as specific tax advice.