Business
Lineage, Inc. Announces Tax Treatment for 2024 Distributions
NOVI, Mich.--(BUSINESS WIRE)-- Lineage, Inc. (NASDAQ: LINE) (the "Company"), the world’s largest global temperature-controlled warehouse REIT, today
About this update from Lineage, Inc.
[{"type":"text","content":" NOVI, Mich.--(BUSINESS WIRE)--\nLineage, Inc. (NASDAQ: LINE) (the \"Company\"), the world’s largest global temperature-controlled warehouse REIT, today announced the tax treatment of its 2024 distributions. The tax treatment of distributions per share of the Company common stock (CUSIP 53566V106) will be reported on the Form 1099-DIV as follows:\n\n\n\n\nRecord\nDate\n\n\n\n\n\n\nPayable\nDate\n\n\n\n\n\n\nCash\nDistribution\n\n\n\n\n\n\nOrdinary\nDividend\n\n\n\n\n \n\n\n\n\n\n\nQualified\nDividend\n\n\n\n\n \n\n\n\n\n\n\nCapital Gain\nDistribution\n\n\n\n\n \n\n\n\n\n\n\nReturn of\nCapital*\n\n\n\n\n\n\nSection\n199A\nDividend\n\n\n\n\n \n\n\n\n\n\n\n\n\n9/30/2024\n\n\n\n\n\n\n10/21/2024\n\n\n\n\n\n\n$0.38\n\n\n\n\n\n\n\n$0.00\n\n\n\n\n\n\n\n$0.00\n\n\n\n\n\n\n\n$0.00\n\n\n\n\n\n\n\n$0.38\n\n\n\n\n\n\n\n$0.00\n\n\n\n\n\n\n\n\n* For purposes of section 897(h)(1) of the Internal Revenue Code, the Company is disclosing the return of capital distribution includes $0.0003 per share of section 897 look-through distribution gain.\n\n\nThe Company paid its fourth quarter 2024 dividend of $0.5275 per share in calendar year 2025. The 2024 fourth quarter dividend will be included with the shareholders’ 2025 distributions and is not included on the 2024 Form 1099-DIV.\n\n\nThe information in this document represents the Company’s understanding of the U.S. federal income tax laws and regulations and does not constitute tax advice. It does not purport to be complete or to describe the consequences that may apply to particular categories of stockholders. Please also note that state and local taxation of REIT distributions may differ from federal rules. The Company recommends consultation with a tax advisor regarding the federal, state, and local income tax consequences of these distributions.\n\n\nAbout Lineage\n\n\nLineage, Inc. (NASDAQ: LINE) is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84 million square feet and approximately 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainabi...