In connection with the Board’s decision to evaluate a liquidity alternative, we have also announced the suspension of the Share Repurchase Program (“SRP”) effective September 5, 2021. The online portal for the SRP has been shut down and the September 27 redemption date will not be executed. All SRP repurchase requests currently in the queue will be removed from the queue. No action from you is needed. If you have any questions on the SRP or any of the recent announcements, please feel free to contact Computershare at 855-377-0510 or email InvenTrust directly at InvestorRelations@InvenTrustProperties.com.
Yes, for tax purposes, any distributions that you receive generally will be considered ordinary income to the extent that the distributions are paid out of InvenTrust Properties’s current and accumulated earnings and profits (excluding distributions of amount either subject to corporate-level taxation or designated as a capital gain dividend). However, because certain items such as depreciation expense, for example, reduce taxable income but do not reduce cash available for distribution, a portion of your distributions may be considered a return of capital for tax purposes up to the amount of your tax basis in your shares (and any distributions in excess of your tax basis will result in capital gain). The amount of distributions considered a return of capital will not be subject to tax immediately but will instead reduce the tax basis of your investment in effect deferring a portion of your tax until you sell your shares or InvenTrust Properties liquidates. Because each investor’s tax implications are different, you should consult with your tax advisor. The Form 1099 described below will report to you, each year, the portion of your distribution that is considered ordinary income and the portion that is considered a return of capital (or capital gain).
To view a complete list of our distribution allocations, please click here.
Your Form 1099 tax information will be mailed by February 15th of each year.
No, InvenTrust Properties does not have a Distribution Reinvestment Plan (“DRP”) at this time.
Yes, InvenTrust Properties pays a quarterly dividend. The current dividend rate is $0.0782 per share on an annualized basis.
On August 5, 2021, the Board approved a 5% increase to the dividend payment starting with the fourth quarter distribution due to be paid in January 2022. This is our second increase in our distribution rate this year. InvenTrust’s ability to increase our dividend is driven by the essential nature of our retail assets and our disciplined approach to capital management.