W. P. Carey Announces Tax Treatment of 2023 Dividends

FORM 1099-DIV

Box 1a

Box 2a

Box 3

Box 1b

Box 2b

Box 2e

Box 2f

Box 5

Record 

Date

Payment Date

Distribution Per Share

Ordinary Dividends

Capital Gain Distributions

Nondividend Distributions

Qualified Dividends(1)

Unrecaptured Section 1250 Gain(2)

Section 897

Ordinary Dividends(3)

Section 897 Capital Gain(4)

Section 199A Dividends(5)

Section 1061 One-Year Amounts Disclosure(6)

Section 1061 Three-Year Amounts Disclosure(6)

12/30/22

1/13/23

$1.065000

$0.8087588

$0.0728316

$0.1834096

$0.0024786

$0.0728316

$0.0648595

$0.0728316

$0.8062802

$0.0000000

$0.0000000

3/31/23

4/14/23

$1.067000

$0.8102776

$0.0729684

$0.1837540

$0.0024832

$0.0729684

$0.0649813

$0.0729684

$0.8077944

$0.0000000

$0.0000000

6/30/23

7/14/23

$1.069000

$0.8117964

$0.0731051

$0.1840985

$0.0024879

$0.0731051

$0.0651031

$0.0731051

$0.8093085

$0.0000000

$0.0000000

9/29/23

10/16/23

$1.071000

$0.8133152

$0.0732419

$0.1844429

$0.0024925

$0.0732419

$0.0652249

$0.0732419

$0.8108227

$0.0000000

$0.0000000

10/19/23(7)

11/1/23

$0.762667

$0.5791675

$0.0521561

$0.1313431

$0.0017749

$0.0521561

$0.0464471

$0.0521561

$0.5773926

$0.0000000

$0.0000000

(1)

Qualified Dividends is a subset of, and included in, the Taxable Ordinary Dividends amount.

(2)

Unrecaptured Section 1250 Gain is a subset of, and included in, the Taxable Capital Gain Distributions amount.

(3)

Section 897 Ordinary Dividends is a subset of, and included in, the Taxable Ordinary Dividends amount.

(4)

Section 897 Capital Gain is a subset of, and included in, the Taxable Capital Gain Distributions amount.

(5)

Section 199A Dividends is a subset of, and included in, the Taxable Ordinary Dividends amount.

(6)

For the purposes of Section 1061 of the Internal Revenue Code, the “one-year amounts disclosure” and “three-year amounts disclosure” related to the capital gain distributions reported in box 2a are generally applicable to direct and indirect holders of “applicable partnership interests”.

(7)

The $0.762667 per share distribution represents the taxable distribution of shares of Net Lease Office Properties (NYSE: NLOP) that occurred in conjunction with the spin-off of NLOP on November 1, 2023. The per share distribution rate is based on the exchange ratio of one share of NLOP distributed for every 15 shares of W. P. Carey Inc. (NYSE: WPC) held and the fair market value (FMV) of NLOP shares distributed in the spin-off, which was determined to be $11.44 per NLOP share, using a three-day volume weighted average price (VWAP).