Gaming and Leisure Properties Inc. Announces 2022 Distribution Tax Treatment

Gaming and Leisure Properties

WYOMISSING, PA — Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) recently announced the income tax allocation for federal income tax purposes of its aggregate distributions in 2022 of $3.045 per share of common stock (CUSIP: 36467J108).

Gaming and Leisure Properties’ tax return for the year ended December 31, 2022, has not been filed. As a result, the income tax allocation for the distributions discussed have been calculated using the best available information as of the date of this press release.

 Box 1a  Box 1b  Box 2a Box 2b Box 2f Box 3 Box 5
Record Date Payable Date Total Distribution
Per Share
Ordinary Taxable
Dividends
Taxable Qualified
Dividends (1)
Total Capital Gain
Distribution (2)
Unrecaptured
1250 Gain (3)
Section 897
Capital Gain
Nondividend
Distributions (4)
Section 199A
Dividends (5)
12/27/2021 01/7/2022 (6) $0.240000 $0.036916 $0.000000 $0.003985 $0.000000 $0.000000 $0.000000 $0.036916
03/11/2022 03/25/2022 $0.690000 $0.622772 $0.000000 $0.067228 $0.000000 $0.000000 $0.000000 $0.622772
06/10/2022 06/24/2022 $0.705000 $0.636310 $0.000000 $0.068690 $0.000000 $0.000000 $0.000000 $0.636310
09/16/2022 09/30/2022 $0.705000 $0.636310 $0.000000 $0.068690 $0.000000 $0.000000 $0.000000 $0.636310
12/09/2022 12/23/2022 $0.705000 $0.636310 $0.000000 $0.068690 $0.000000 $0.000000 $0.000000 $0.636310
Totals $3.045000 $2.568618 $0.000000 $0.277283 $0.000000 $0.000000 $0.000000 $2.568618
(1 ) Amounts in Box 1b are included in Box 1a
(2 ) Pursuant to Treas. Reg. § 1.1061-6(c), the Company reports that for purposes of section 1061 of the Internal Revenue Code, the One Year Amounts Disclosure is $0.277283 per share and the Three Year Amounts Disclosure is $0.000000 per share with respect to direct and indirect holders of “applicable partnership interests”.
(3 ) Amounts in Box 2b are included in Box 2a
(4 ) Amounts in Box 3 are also known as Return of Capital. The Company is not required to provide Form 8937 to its shareholders for the tax year ended December 31, 2022 as it did not make any nondividend distributions during the year.
(5 ) Amounts in Box 5 are included in Box 1a
(6 ) A portion of the $0.240000 dividend declared on December 27, 2021 and paid on January 7, 2022 was treated as a 2021 distribution for federal income tax purposes and was included on the 2021 Form 1099-DIV. The amounts reported above in Box 1a through Box 5 will be included on the 2022 Form 1099-DIV.
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Please note that federal tax laws affect taxpayers differently, and the information in this release is not intended as advice to shareholders on how distributions should be reported on their tax returns. Also note that state and local taxation of real estate investment trust distributions varies and may not be the same as the taxation under the federal rules. Shareholders are encouraged to consult with their own tax advisors as to their specific federal, state, and local income tax treatment of the Company’s distributions.

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