Current Tax Information

DENVER--(BUSINESS WIRE)-- Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) reported today the tax status of its 2023 distributions paid to shareholders. Details on the tax classifications of the distributions are included in the table below. As a result of the Separation from Aimco, taxable investors have benefited from AIR’s refreshed tax basis through the favorable tax characterization of AIR’s distributions as compared to peer REITs.

Class A Common Stock

CUSIP: 03750L109

 

 

 

 

 

 

 

 

Record Date

Payable Date

Dividend per Share

Total Ordinary Dividends

Qualified Dividends(1)

Total Capital Gain Distribution

Unrecaptured Sec. 1250 Gain(2)

Section 199A Dividends(3)

Section 897 Ordinary Dividends(4)

Section 897 Capital Gain(5)

Nondividend Distributions

2/17/2023

2/28/2023

$0.45

13.091822%

0.000000%

3.525736%

0.000000%

13.091822%

6.962967%

3.525736%

83.382442%

5/19/2023

5/30/2023

$0.45

13.091822%

0.000000%

3.525736%

0.000000%

13.091822%

6.962967%

3.525736%

83.382442%

8/18/2023

8/29/2023

$0.45

13.091822%

0.000000%

3.525736%

0.000000%

13.091822%

6.962967%

3.525736%

83.382442%

11/17/2023

11/30/2023

$0.45

13.091822%

0.000000%

3.525736%

0.000000%

13.091822%

6.962967%

3.525736%

83.382442%

Annual

 

$1.8000

13.091822%

0.000000%

3.525736%

0.000000%

13.091822%

6.962967%

3.525736%

83.382442%

(1)

- The percentage of Qualified Dividends for each of the quarters shown above is a subset of, and included in, Dividend per Share.

(2)

- The percentage of Unrecaptured Sec. 1250 Gain for each of the quarters shown above is a subset of, and included in, Dividend per Share.

(3)

- The percentage of Section 199A Dividends for each of the quarters shown above is a subset of, and included in, Dividend per Share.

(4)

- The percentage of Section 897 Ordinary Dividends for each of the quarters shown above is a subset of, and included in, Dividend per Share.

(5)

- The percentage of Section 897 Capital Gain for each of the quarters shown above is a subset of, and included in, Dividend per Share.

Pursuant to Treas. Reg. § 1.1061-6(c), Apartment Income REIT Corp. is disclosing below two additional amounts for purposes of Section 1061 of the Internal Revenue Code. Section 1061 is generally applicable to direct and indirect holders of “applicable partnership interests.”

Record Date

Payable Date

Form 1099-DIV Box 2a, Total Capital Gain Distr. Per Share

One Year Amounts Disclosure Per Share

Three Year Amounts Disclosure Per Share

 

 

 

 

 

2/17/2023

2/28/2023

$0.015866

$0.015866

$0.015866

5/19/2023

5/30/2023

$0.015866

$0.015866

$0.015866

8/18/2023

8/29/2023

$0.015866

$0.015866

$0.015866

11/17/2023

11/30/2023

$0.015866

$0.015866

$0.015866

Annual

 

$0.063463

$0.063463

$0.063463

Shareholders of record of the Company's common stock will receive an Internal Revenue Service Form 1099-DIV from Computershare, AIR’s 2023 distribution paying agent. If shares were held in "street name" during 2023, the IRS form will be provided by a bank, brokerage firm, or nominee. Because AIR’s tax return has not yet been filed for the year ended December 31, 2023, the distribution allocations presented herein have been calculated using the best available information to date.

The tax treatment of these distributions by state and local authorities varies and may not be the same as the IRS's treatment. Because federal and state tax laws affect individuals differently, AIR cannot advise shareholders on how distributions should be reported on their tax returns. AIR encourages shareholders to consult with their own tax advisors with respect to the federal, state and local income tax consequences of these distributions.

About AIR Communities

Apartment Income REIT Corp (NYSE: AIRC) is a publicly traded, self-administered real estate investment trust (“REIT”). AIR’s portfolio comprises 75 communities totaling 26,623 apartment homes located in 10 states and the District of Columbia. AIR offers a simple, predictable business model with focus on what we call the AIR Edge, the cumulative result of our focus on resident selection, satisfaction, and retention, as well as relentless innovation in delivering best-in-class property management. The AIR Edge is a durable operating advantage in driving organic growth, as well as making possible the opportunity for excess returns for properties new to AIR’s platform. For additional information, please visit aircommunities.com.

2022 +

DENVER, COLORADO, January 24, 2023 -- Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) reported today the tax status of its 2022 distributions paid to shareholders. Details on the tax classifications of the distributions are included in the table below:

Class A Common Stock (CUSIP 03750L109)

Record Date

Payable Date

Dividend per

Share

Total Ordinary

Dividends

Qualified

Dividends(1)

Total Capital

Gain

Distribution

Unrecaptured

Sec. 1250 Gain(2)

Section 897

Ordinary

Dividends

Section 897

Capital Gain(3)

Nondividend

Distributions

Section 199A

Dividends4

2/17/2022

2/25/2022

$

0.45

13.71320%

1.93033%

86.28680%

10.30174%

0.00000%

86.28680%

0.00000%

11.78287%

5/20/2022

5/31/2022

$

0.45

13.71320%

1.93033%

86.28680%

10.30174%

0.00000%

86.28680%

0.00000%

11.78287%

8/19/2022

8/30/2022

$

0.45

13.71320%

1.93033%

86.28680%

10.30174%

0.00000%

86.28680%

0.00000%

11.78287%

11/18/2022

11/30/2022

$

0.45

13.71320%

1.93033%

86.28680%

10.30174%

0.00000%

86.28680%

0.00000%

11.78287%

Annual

 

$

1.8000

13.71320%

1.93033%

86.28680%

10.30174%

0.00000%

86.28680%

0.00000%

11.78287%

(1) - The percentage of Qualified Dividends for each of the quarters shown above is a subset of, and included in, Dividend per Share.

(2) - The percentage of Unrecaptured Sec. 1250 Gain for each of the quarters shown above is a subset of, and included in, Dividend per Share.

(3) - The percentage of Section 897 Capital Gain for each of the quarters shown above is a subset of, and included in, Dividend per Share.

(4) - The percentage of Section 199A Dividends for each of the quarters shown above is a subset of, and included in, Dividend per Share.

Pursuant to Treas. Reg. § 1.1061-6(c), Apartment Income REIT Corp. is disclosing below two additional amounts for purposes of Section 1061 of the Internal Revenue Code. Section 1061 is generally applicable to direct and indirect holders of “applicable partnership interests.”

Record Date

Payable Date

Form 1099-DIV

B ox 2a, Total

Capital Gain

Distr. Per Share

One Year

Amounts

Disclosure Per

S hare

Three Year

Amounts

Disclosure Per

S hare

2/17/2022

2/25/2022

$

0.388291

$

0.0169

$

0.0169

5/20/2022

5/31/2022

$

0.388291

$

0.0169

$

0.0169

8/19/2022

8/30/2022

$

0.388291

$

0.0169

$

0.0169

11/18/2022

11/30/2022

$

0.388291

$

0.0169

$

0.0169

Annual

$

1.553164

$

0.0676

$

0.0676

Shareholders of record of the Company's common stock will receive an Internal Revenue Service Form 1099-DIV from Computershare, AIR’s 2022 distribution paying agent. If shares were held in "street name" during 2022, the IRS form will be provided by a bank, brokerage firm, or nominee. Because AIR’s tax return has not yet been filed for the year ended December 31, 2022, the distribution allocations presented herein have been calculated using the best available information to date.

The tax treatment of these distributions by state and local authorities varies and may not be the same as the IRS's treatment. Because federal and state tax laws affect individuals differently, AIR cannot advise shareholders on how distributions should be reported on their tax returns. AIR encourages shareholders to consult with their own tax advisors with respect to the federal, state and local income tax consequences of these distributions.

About AIR

Apartment Income REIT Corp. (NYSE: AIRC) is a real estate investment trust focused on the ownership and management of quality apartment communities located in the largest markets in the United States. AIR is one of the country’s largest owners and operators of apartments, with 74 communities in 10 states and the District of Columbia. AIR common shares are traded on the New York Stock Exchange under the ticker symbol AIRC and are included in the S&P 400. For more information about AIR, please visit our website at www.aircommunities.com.

Matthew O’Grady
Senior Vice President, Capital Markets
(303) 691-4566

Mary Jensen
Head of Investor Relations
(303) 691-4349
investors@aircommunities.com

Source: Apartment Income REIT Corp

2021 +

DENVER--(BUSINESS WIRE)-- Apartment Income REIT (NYSE: AIRC), a real estate investment trust focused on the ownership and management of quality apartment communities located in the largest markets in the United States, reported today the tax status of its 2021 distributions paid to shareholders. Details on the tax classifications of the distributions are included in the table below:

Class A Common Stock (CUSIP 03750L109)

Record Date Payable Date Dividend Per Share Total Ordinary Dividends Qualified Dividends Total Capital Gain Distribution Unrecaptured Sec. 1250 Gain(1) Section 897 Ordinary Dividends Section 897 Capital Gain(2) Nondividend Distributions
2/12/2021 2/26/2021 $0.43 0.00000% 0.00000% 33.03032% 7.40788% 0.00000% 33.03032% 66.96968%
5/14/2021 5/28/2021 $0.43 0.00000% 0.00000% 33.03032% 7.40788% 0.00000% 33.03032% 66.96968%
8/13/2021 8/27/2021 $0.44 0.00000% 0.00000% 33.03032% 7.40788% 0.00000% 33.03032% 66.96968%
11/12/2021 11/30/2021 $0.44 0.00000% 0.00000% 33.03032% 7.40788% 0.00000% 33.03032% 66.96968%
Annual $1.7400 0.00000% 0.00000% 33.03032% 7.40788% 0.00000% 33.03032% 66.96968% 11.78287%


(1) - The percentage of Unrecaptured Sec. 1250 Gain for each of the quarters shown above is a subset of, and included in, Dividend per Share.
(2) - The percentage of Section 897 Capital Gain for each of the quarters shown above is a subset of, and included in, Dividend per Share.
Pursuant to Treas. Reg. § 1.1061-6(c), Apartment Income REIT is disclosing below two additional amounts for purposes of Section 1061 of the Internal Revenue Code. Section 1061 is generally applicable to direct and indirect holders of “applicable partnership interests.”

Record Date Payable Date Form 1099-DIV Box 2a, Total Capital Gain Distr. Per Share One Year Amounts Disclosure Per Share Three Year Amounts Disclosure Per Share
2/12/2021 2/26/2021 $0.142030 $0.0916 $0.0916
5/14/2021 5/28/2021 $0.142030 $0.0916 $0.0916
8/13/2021 8/27/2021 $0.14533 $0.0937 $0.0937
11/12/2021 11/30/2021 $0.14533 $0.0937 $0.0937
Annual $0.57473 $0.3707 $0.3707

Shareholders of record of the Company's common stock will receive an Internal Revenue Service Form 1099-DIV from Computershare, the Company's 2021 distribution paying agent. If shares were held in "street name" during 2021, the IRS form will be provided by a bank, brokerage firm, or nominee. Because the Company's tax return has not yet been filed for the year ended December 31, 2021, the distribution allocations presented herein have been calculated using the best available information to date.

The tax treatment of these distributions by state and local authorities varies and may not be the same as the IRS's treatment. Because federal and state tax laws affect individuals differently, the Company cannot advise shareholders on how distributions should be reported on their tax returns. The Company encourages shareholders to consult with their own tax advisors with respect to the federal, state and local income tax consequences of these distributions.

AIR common shares are traded on the New York Stock Exchange under the ticker symbol AIRC and are included in the S&P 400. For more information about AIR, please visit our website at www.aircommunities.com.

View source version on businesswire.com: https://www.businesswire.com

AIR Communities
Daniel Cooley, Vice President, Tax
Investor Relations: 303-757-8101
investors@aircommunities.com

Source: Apartment Income REIT Corp

Form 8937 Reporting

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