Farmland Partners Inc. Announces 2015 Dividend Income Tax Treatment

Mar 08, 2016, 16:30 ET from Farmland Partners Inc.

DENVER, March 8, 2016 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company") today announced the 2015 tax classification of the dividend distributions made to the holders of the Company's common stock.

The income tax classification as expected to be reported on Form 1099-DIV for the Company's common stock, CUSIP number 31154R109, is as follows:

Record Date

Payable Date

Total Distribution Per Share

Total Distribution Allocable to 2015

Ordinary Taxable Dividend

Return of Capital

4/1/2015

4/15/2015

$0.1160

$0.1160

$0.1160

$0.0000

7/1/2015

7/15/2015

$0.1275

$0.1275

$0.1275

$0.0000

10/1/2015

10/15/2015

$0.1275

$0.1275

$0.1275

$0.0000

Total

$0.3710

$0.3710

$0.0000

Percent

100.000%

100.000%

0.000%

 

No portion of the 2015 distributions represented capital gains or qualified dividend income.

Additionally, the previously announced fourth quarter dividend was paid on January 15, 2016 to stockholders of record at the close of business on January 4, 2016 and will be reported to stockholders next year as a 2016 dividend.

The information presented above is based on preliminary results and is subject to correction or adjustment when the Company's filings are completed. The tax information provided should not be construed as tax advice. Stockholders are encouraged to consult with their tax advisors regarding their specific tax treatment.

About Farmland Partners Inc.

Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. The Company's portfolio is comprised of 258 farms with an aggregate of 108,162 acres (including six farms totaling 8,799 acres under contract) in Arkansas, Colorado, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, Texas and Virginia.  The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014.

Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company's control. These forward-looking statements are based upon the Company's present expectations, but the events, expectations, intentions or prospects suggested by or reflected in these statements are not guaranteed to occur or be achieved, and you should not place undue reliance on such statements.  Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes, except as may be required by law. For a further discussion of these and other factors that could impact the Company's future results, performance or transactions, see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2014 and other documents filed by the Company with the Securities and Exchange Commission

SOURCE Farmland Partners Inc.



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