Net Lease Office Properties Announces Tax Treatment of 2024 Dividends

PR Newswire

NEW YORK, Jan. 22, 2025

NEW YORK, Jan. 22, 2025 /PRNewswire/ -- Net Lease Office Properties $(NLOP)$ announced the income tax treatment of dividends reported on Form 1099-DIV for 2024. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of Net Lease Office Properties dividends.

CUSIP 64110Y108

 
FORM 1099-DIV                          Box 1a       Box 2a          Box 3         Box 1b        Box 2b       Box 2f       Box 5 
-----------------------------------  ----------  -------------  -------------  ------------  ------------  ----------  ------------  -------------  ------------- 
                                                                                                            Section                  Section 1061   Section 1061 
                                                                                             Unrecaptured     897                      One-Year      Three-Year 
 Record     Payment   Distribution    Ordinary   Capital Gain    Nondividend    Qualified    Section 1250   Capital    Section 199A     Amounts        Amounts 
   Date      Date       Per Share    Dividends   Distributions  Distributions  Dividends(1)    Gain(2)      Gain(3)    Dividends(4)  Disclosure(5)  Disclosure(5) 
---------  ---------  -------------  ----------  -------------  -------------  ------------  ------------  ----------  ------------  -------------  ------------- 
12/18/23   01/29/24   $0.3400000(6)  $0.0000000   $0.0000000     $0.3400000     $0.0000000    $0.0000000   $0.0000000   $0.0000000    $0.0000000     $0.0000000 
---------  ---------  -------------  ----------  -------------  -------------  ------------  ------------  ----------  ------------  -------------  ------------- 
 
 
 
(1)  Qualified Dividends is a subset of, and included in, the Taxable Ordinary 
     Dividends amount. 
(2)  Unrecaptured Section 1250 Gain is a subset of, and included in, the 
     Taxable Capital Gain Distributions amount. 
(3)  Section 897 Capital Gain is a subset of, and included in, the Taxable 
     Capital Gain Distributions amount. 
(4)  Section 199A Dividends is a subset of, and included in, the Taxable 
     Ordinary Dividends amount. 
(5)  For the purposes of Section 1061 of the Internal Revenue Code, the 
     "one-year amounts disclosure" and "three-year amounts disclosure" related 
     to the capital gain distributions reported in box 2a are generally 
     applicable to direct and indirect holders of "applicable partnership 
     interests". 
(6)  Shareholders had the option to elect to receive their dividend in the 
     form of cash or additional NLOP shares, with the aggregate amount of cash 
     distributed by NLOP limited to a maximum of 20% of the total dividend. 
 

Net Lease Office Properties

Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust that owns a portfolio of high-quality office properties primarily leased to corporate tenants on a single-tenant net lease basis. Tenants operate across a variety of industries and the vast majority of properties are located in the U.S., with two located in Europe.

www.nloproperties.com

Institutional Investors:

1-212-492-1110

institutionalir@nloproperties.com

Individual Investors:

1-844-NLO REIT (656-7348)

ir@nloproperties.com

Press Contact:

Anna McGrath

1-212-492-1166

View original content to download multimedia:https://www.prnewswire.com/news-releases/net-lease-office-properties-announces-tax-treatment-of-2024-dividends-302357785.html

SOURCE Net Lease Office Properties

(END) Dow Jones Newswires

January 22, 2025 16:05 ET (21:05 GMT)