Business
Generation Income Properties Announces Tax Treatment of 2023 Distributions
TAMPA, FL / ACCESSWIRE / January 30, 2024 / Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIPR" or the "Company") today announced the estimated Federal
About this update from Generation Income Properties Inc.
[{"type":"text","content":"TAMPA, FL / ACCESSWIRE / January 30, 2024 / Generation Income Properties, Inc. (NASDAQ:GIPR) (\"GIPR\" or the \"Company\") today announced the estimated Federal income tax treatment of the Company's 2023 distributions on its common stock (CUSIP# 37149D204). The Federal income tax classification of the distribution per share on the Company's common stock with respect to the calendar year ended December 31, 2023, is shown below:RecordDateDistributionDate(On or Around)Total Distribution Per ShareOrdinary Income Per ShareReturn of CapitalPer ShareCapital GainPer Share12/15/202312/29/2023$ 0.039-$ 0.039-11/15/202311/30/2023$ 0.039-$ 0.039-10/15/202310/30/2023$ 0.039-$ 0.039-09/15/202309/29/2023$ 0.039-$ 0.039-08/15/202308/31/2023$ 0.039-$ 0.039-07/15/202307/31/2023$ 0.039-$ 0.039-06/15/202306/30/2023$ 0.039-$ 0.039-05/15/202305/30/2023$ 0.039-$ 0.039-04/15/202304/30/2023$ 0.039-$ 0.039-03/15/202303/30/2023$ 0.039-$ 0.039-02/15/202302/28/2023$ 0.039-$ 0.039-01/15/202301/30/2023$ 0.039-$ 0.039-Nothing contained herein or therein should be construed as tax advice. Shareholders are encouraged to contact their tax advisors for the specific tax treatment of the distributions they received from the Company and for more information. Furthermore, any information contained herein or therein should not be relied upon for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.About Generation Income PropertiesGeneration Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties located primarily in densely populated submarkets throughout the United States. Additional information about Generation Income Properties, Inc. can be found at the Company's corporate website: www.gipreit.com.Forward-Looking StatementsThis press release, whether or not expressly stated, may contain \"forward-looking\" statements as defined in the Private Securities Litigation Reform Act of 1995. The words \"believe,\" \"intend,\" \"expect,\" \"plan,\" \"should,\" \"will,\" \"would,\" and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. Such forward-looking statements include risks an...