United States:
New Guidance Allows Publicly-Offered REITs And RICs To Issue Up To 90% Of Qualifying Dividends In The REIT Or RIC's Own Stock Through June 2022
16 December 2021
Proskauer Rose LLP
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On November 30, 2021, the IRS issued Revenue Procedure 2021-53,
which temporarily allows publicly offered RICs and REITs to make
distributions that are treated as dividends of up to 90% stock and
the remainder in cash. Revenue Procedure 2020-19 closely follows
the format of similar guidance issued during the 2008 financial
crisis and in 2020, and applies to distributions declared on and
after November 1, 2021, and on or before June 30, 2022.
For more information, see our prior post here.
New Guidance Allows Publicly-Offered REITs and RICs to Issue up to
90% of Qualifying Dividends in the REIT or RIC's Own Stock
Through June 2022
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guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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