FCPT Announces Tax Treatment of 2019 Distributions

Four Corners Property Trust, Inc. (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), announced today the tax characterization of its 2019 common stock distributions as shown below.

Record Date

Payment Date

Total Distribution
($ per share)

Form 1099
Box 1a
Ordinary
Taxable
Dividend
($ per share)

Form 1099
Box 1b
Qualified
Taxable
Dividend ⁽¹⁾
($ per share)

Form 1099
Box 3
Return of
Capital
($ per share)

Form 1099
Box 5
Section 199A
Dividends
($ per share)

1/4/2019

1/14/2019

$0.2875

$0.2226

-

$0.0649

$0.2226

3/29/2019

4/15/2019

$0.2875

$0.2226

-

$0.0649

$0.2226

6/28/2019

7/15/2019

$0.2875

$0.2226

-

$0.0649

$0.2226

9/27/2019

10/15/2019

$0.2875

$0.2226

-

$0.0649

$0.2226

Totals

 

$1.1500

$0.8904

-

$0.2596

$0.8904

(1) Qualified Taxable Dividends are a subset of, and included in, Ordinary Taxable Dividends.

The common stock dividend of $0.3050 per share that was paid on January 15, 2020 to shareholders of record on January 3, 2020, will be applicable to the 2020 tax year.

If you held common stock of FCPT in your name at any time during 2019, an IRS Form 1099-DIV will be provided to you by Broadridge Corporate Issuer Solutions, FCPT’s transfer agent during 2019. If you held shares in "street name" during 2019, the IRS form provided by your bank, brokerage firm or nominee may report only the gross distributions paid to you. Therefore, you may need the information included in this press release to properly complete your federal tax return.

There are many important considerations associated with the taxability of the company’s distributions in 2019. This information has been prepared using the best available information to date. FCPT’s federal income tax return for the year ended December 31, 2019 has not yet been filed. Please note that federal tax laws affect taxpayers differently, and we cannot advise you on how distributions should be reported on your federal income tax return. Also note that state and local taxation of REIT distributions vary and may not be the same as the taxation under the federal rules. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment related to FCPT common stock dividends.

About FCPT:

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.

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