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Gaming and Leisure Properties Inc. Announces 2024 Distribution Tax Treatment

1. GLPI's 2024 distributions total $3.04 per share. 2. Distributions include various capital gains and dividend breakdowns. 3. The tax implications vary by federal and state laws for shareholders. 4. Shareholders should consult tax advisors for personal income tax treatment.

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Why Neutral?

Stable distributions generally indicate consistent cash flow, but tax implications might deter some investors.

How important is it?

While distributions are a positive signal, tax implications reduce their attractiveness; investors may seek more insight.

Why Short Term?

The upcoming tax returns and distribution allocations can influence immediate shareholder sentiments.

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GLPI
January 24, 2025 07:00 ET  | Source: Gaming and Leisure Properties, Inc. WYOMISSING, Pa., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”) announced the income tax allocation for federal income tax purposes of its aggregate distributions in 2024 of $3.04 per share of common stock (CUSIP: 36467J108). Gaming and Leisure Properties’ tax return for the year ended December 31, 2024, has not yet been filed.  As a result, the income tax allocation for the distributions noted below have been calculated using the best available information as of the date of this press release.    Box 1a Box 1b Box 2a Box 2bBox 2fBox 3Box 5Record DatePayable DateTotal Distribution Per ShareTotal Ordinary DividendsQualified Dividends (1)Total Capital Gain DistributionUnrecaptured 1250 Gain (2)Section 897 Capital GainNondividend Distributions (3)Section 199A Dividends (4)03/15/202403/29/2024$0.760000$0.739603$0.000000$0.004452$0.000000$0.000000$0.015945$0.73960306/07/202406/21/2024$0.760000$0.739603$0.000000$0.004452$0.000000$0.000000$0.015945$0.73960309/13/202409/27/2024$0.760000$0.739603$0.000000$0.004452$0.000000$0.000000$0.015945$0.73960312/06/202412/20/2024$0.760000$0.739603$0.000000$0.004452$0.000000$0.000000$0.015945$0.739603 Totals$3.040000$2.958412$0.000000$0.017808$0.000000$0.000000$0.063780$2.958412           (1)Amounts in Box 1b are included in Box 1a      (2)Amounts in Box 2b are included in Box 2a      (3)Amounts in Box 3 are also known as Return of Capital     (4)Amounts in Box 5 are included in Box 1a               Please note that federal tax laws affect taxpayers differently, and the information in this release is not intended as advice to shareholders on how distributions should be reported on their tax returns.  Also, note that state and local taxation of real estate investment trust distributions varies and may not be the same as the taxation under the federal rules.  Shareholders are encouraged to consult with their own tax advisors as to their specific federal, state, and local income tax treatment of the Company’s distributions. About Gaming and Leisure PropertiesGLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. Contact:Gaming and Leisure Properties, Inc.                 Matthew Demchyk, Chief Investment Officer610/401-2900investorinquiries@glpropinc.com Investor Relations Joseph Jaffoni, Richard Land, James Leahy at JCIR212/835-8500glpi@jcir.com

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