CHICAGO–(BUSINESS WIRE)–Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) announced today the
tax treatment of its 2015 cash distributions. The following table
summarizes, for income tax purposes, the nature of the cash
distributions paid by the Company to stockholders during the year ended
December 31, 2015 and the appropriate 1099DIV box number:
|CASH DISTRIBUTIONS ON VENTAS COMMON STOCK|
|2015 REIT||2015 Taxable||Ordinary||(Included in|
|Date Paid||Dividend||Income||Dividend||Box 1a)|
|Jan. 27, 2015||$0.210700||$0.210700||$0.210700||$0.001131|
|Mar. 31, 2015||$0.579300||$0.579300||$0.579300||$0.003110|
|June 30, 2015||$0.790000||$0.790000||$0.790000||$0.004241|
|Sept. 30, 2015||$0.730000||$0.730000||$0.730000||$0.003919|
|Dec. 30, 2015||$0.730000||$0.730000||$0.730000||$0.003919|
None of the 2015 cash dividends are considered to be a capital gain
distribution or a return of capital (i.e. non-taxable distribution).
Stockholders are encouraged to consult their own tax advisors regarding
the tax consequences of these distributions.
Separately, on August 17, 2015, the Company completed its spin-off (the
“Spin-Off”) of Care Capital Properties, Inc (“CCP”). Tax information
regarding the distribution of CCP shares made as part of the Spin-Off
can be found at http://ventasreit.com/investor-relations/dividend-information/form-8937-organizational-actions.
Following the Spin-Off, the combined cash dividends of CCP and VTR
increased by 10 percent from their prior level on an aggregate basis.
VTR’s dividend went from $0.79 per share to $0.73 per share to account
for the Spin-Off, and CCP’s third quarter dividend was $0.57 per share
($0.1425 per share on a pre Spin-Off 1:4 adjustment basis).
Ventas, Inc., an S&P 500 company, is a leading real estate investment
trust. Its diverse portfolio of approximately 1,300 assets in the United
States, Canada and the United Kingdom consists of seniors housing
communities, medical office buildings, skilled nursing facilities,
hospitals and other properties. Through its Lillibridge subsidiary,
Ventas provides management, leasing, marketing, facility development and
advisory services to highly rated hospitals and health systems
throughout the United States. More information about Ventas and
Lillibridge can be found at www.ventasreit.com