Net Lease Office Properties Announces Tax Treatment of 2024 Dividends

Core Viewpoint - Net Lease Office Properties (NYSE: NLOP) has announced the income tax treatment of dividends for the year 2024, advising shareholders to consult their tax advisors for specific tax implications [1]. Summary by Relevant Sections - Dividend Information: The dividend per share for the record date of December 18, 2023, is reported as $0.34, with no capital gain distributions or non-dividend distributions [2][4]. - Tax Treatment: The dividends are categorized as qualified dividends, which are included in the taxable ordinary dividends amount. Additionally, unrecaptured Section 1250 gain and Section 897 capital gain are subsets of the taxable capital gain distributions [3][4]. - Shareholder Options: Shareholders had the option to receive dividends in cash or additional NLOP shares, with cash distributions limited to a maximum of 20% of the total dividend [4]. - Company Overview: Net Lease Office Properties is a publicly traded real estate investment trust that primarily owns high-quality office properties leased to corporate tenants on a single-tenant net lease basis, with most properties located in the U.S. and a few in Europe [5].