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Broadstone Net Lease Announces Tax Treatment of 2024 Dividends

1. BNL announced tax treatment for 2024 common stock dividends. 2. Dividends include ordinary and capital gain distributions. 3. Shareholders should consult tax advisors for specifics. 4. Current dividend is $0.285 per share for upcoming payments. 5. BNL's portfolio includes 773 properties across the US and Canada.

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FAQ

Why Bullish?

The announcement of dividends generally boosts investor confidence, similar to past dividend increases.

How important is it?

The tax treatment announcement significantly informs shareholder financial planning and dividend strategy.

Why Short Term?

Immediate impact expected as dividends enhance shareholder satisfaction and attract new investors.

Related Companies

Broadstone Net Lease Announces Tax Treatment of 2024 Dividends

VICTOR, N.Y.--( )--Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL” or the “Company”) today announced the income tax allocation of 2024 common stock dividends, as shown in the table below. Stockholders are encouraged to consult with their own tax advisors regarding their specific tax treatment of any BNL dividends received.

Common Stock – CUSIP number 11135E203

FORM 1099-DIV Box 1a Box 2a Box 2b Box 2f Box 3 Box 5
Record
Date
Payment
Date
Distribution
Per Share
Ordinary
Dividends
Capital Gain
Distributions
Unrecaptured
Section 1250 Gain
Section 897
Capital Gain
Nondividend
Distributions (1)
Section 199A
Dividends
12/29/2023 01/12/2024 $0.285 $0.177380 $0.000000 $0.000000 $0.000000 $0.107620 $0.177380
03/29/2024 04/15/2024 $0.285 $0.177380 $0.000000 $0.000000 $0.000000 $0.107620 $0.177380
  1. Return of Capital.

About Broadstone Net Lease, Inc.

BNL is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. Utilizing an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting, as of September 30, 2024, BNL’s diversified portfolio consisted of 773 individual net leased commercial properties with 766 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, restaurant, retail, healthcare, and office property types.

Contacts

Company Contact:
Brent Maedl
Director, Corporate Finance & Investor Relations
brent.maedl@broadstone.com
585.382.8507

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