Franklin Street Properties Corp. Announces Tax Composition of 2022 Distributions

WAKEFIELD, Mass.–(BUSINESS WIRE)–Franklin Street Properties Corp. (“FSP”) (NYSE American: FSP) announced today the tax composition of its 2022 distributions. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of FSP distributions.

Ticker Symbol: FSP

Common Stock (CUSIP # 35471R106)

2022

2022

2022

2022 Total

Unrecap.

Total

Taxable

Taxable

Capital

2022

Section

Record

Payable

Distribution

Ordinary

Qualified

Gain

Return of

1250

Section 199A

Date

Date

per Share

Dividend

Dividend (1)

Distribution (2)

Capital

Gain (3)

Distribution

1/28/22

2/17/22

$

0.09

$

$

$

0.063310

$

0.026690

$

0.063258

$

4/15/22

5/5/22

$

0.09

$

$

$

0.063310

$

0.026690

$

0.063258

$

7/19/22

8/11/22

$

0.01

$

$

$

0.007034

$

0.002966

$

0.007029

$

10/21/22

11/10/22

$

0.01

$

$

$

0.007034

$

0.002966

$

0.007029

$

Totals

$

0.20

$

$

$

0.140688

$

0.059312

$

0.140574

$

 

(1)

2022 Total Qualified Dividend is a subset of, and included in, the 2022 Taxable Ordinary Dividend amount.

(2)

Amounts reported in 2022 Total Capital Gain Distribution will be Internal Revenue Code (“IRC”) Section 897 Capital Gains and will be reported in Box 2f of the Form 1099-DIV. For purposes of IRC Section 1061, 100% of the distributions reported as Total Capital Gain Distributions in Box 2a of the Form 1099-DIV are from sales of assets that either generated IRC Section 1231 gains or were held for more than 3 years. IRC Section 1061 is generally applicable to direct and indirect holders of “applicable partnership interests”.

(3)

Unrecaptured IRC Section 1250 Gain is a subset of, and included in, the 2022 Total Capital Gain Distribution amount and will be reported in Box 2b of the Form 1099-DIV.

This press release, along with other news about FSP, is available on the Internet at www.fspreit.com. We routinely post information that may be important to investors in the Investor Relations section of our website. We encourage investors to consult that section of our website regularly for important information about us and, if they are interested in automatically receiving news and information as soon as it is posted, to sign up for E-mail Alerts.

About Franklin Street Properties Corp.

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes. To learn more about FSP please visit our website at www.fspreit.com.

Contacts

For Franklin Street Properties Corp.

Georgia Touma, 877-686-9496