Farmland Partners Announces Tax Treatment of 2023 Distributions

Core Viewpoint - Farmland Partners Inc. has announced the tax treatment of its 2023 common stock distributions, detailing the dividend payments and their classifications for tax purposes [1][3]. Dividend Treatment - The company declared a special dividend of $0.21 per share in December 2023, with $0.17 per share considered a distribution for 2023 for federal income tax purposes [3]. - The regular dividend distribution per share for 2023 is consistently $0.060000 across multiple payment dates [2]. - The total distribution per share for 2023 amounts to $0.450000, with $0.410342 classified as qualified dividends [2][3]. Tax Information - There was no "Box 3 Nondividend Distribution" reported on form 1099-DIV for 2023, eliminating the need to file Form 8937 [3]. - Stockholders are advised to consult with tax advisors regarding the specific tax treatment of the distributions received [3]. Company Overview - Farmland Partners Inc. is an internally managed real estate company focused on acquiring high-quality North American farmland and providing loans to farmers secured by farm real estate [4]. - As of December 31, 2023, the company owns and/or manages approximately 171,100 acres across 16 states and operates four agriculture equipment dealerships in Ohio [4]. - The company has been taxed as a REIT for U.S. federal income tax purposes since the taxable year ended December 31, 2014 [4].