Tax Treatment of 2020 Dividends
Common Stock – CUSIP number 11135E203
| FORM 1099-DIV |
Box 1a |
Box 1b |
Box 2a |
Box 2b |
Box 3 |
Box 5 |
| Record Date |
Payment Date |
Distribution Per Share (1) |
Ordinary Dividends |
Qualified Dividends |
Capital Gain Distributions (2) |
Unrecaptured Section 1250 Gain (3) |
Nondividend Distributions (4) |
Section 199A Dividends |
| 12/30/2019 |
01/15/2020 |
$0.110 |
$0.09833031 |
$0.00334900 |
$0.00715261 |
$0.00619370 |
$0.00451708 |
$0.09498131 |
| 01/30/2020 |
02/14/2020 |
$0.110 |
$0.09833031 |
$0.00334900 |
$0.00715261 |
$0.00619370 |
$0.00451708 |
$0.09498131 |
| 02/27/2020 |
03/13/2020 |
$0.110 |
$0.09833031 |
$0.00334900 |
$0.00715261 |
$0.00619370 |
$0.00451708 |
$0.09498131 |
| 03/30/2020 |
04/15/2020 |
$0.110 |
$0.09833031 |
$0.00334900 |
$0.00715261 |
$0.00619370 |
$0.00451708 |
$0.09498131 |
| 04/30/2020 |
05/15/2020 |
$0.110 |
$0.09833031 |
$0.00334900 |
$0.00715261 |
$0.00619370 |
$0.00451708 |
$0.09498131 |
| 09/30/2020 |
10/15/2020 |
$0.135 |
$0.12067811 |
$0.00411014 |
$0.00877820 |
$0.00760136 |
$0.00554369 |
$0.11656797 |
- On September 18, 2020, the Company effected a four-for-one split on its then outstanding shares of Common Stock in connection with its initial public offering. The Distribution Per Share amounts have been adjusted to give retroactive effect to the stock split for purposes of this release.
- The 2020 Capital Gain Distribution amounts are comprised entirely of long-term capital gain determined under Section 1231 of the Code, which amounts are excluded from Section 1061 of the Code. Accordingly, for purposes of Section 1061 of the Code and the Treasury Regulations thereunder, the Company makes the following disclosures: the “One Year Amounts Disclosure” and the “Three Year Amounts Disclosure” are each $0.
- Unrecaptured Section 1250 Gain is a subset of, and included in, the Capital Gain Distributions amounts (Box 2a).
- Return of Capital.
Class A Common Stock – CUSIP number 11135E104
| FORM 1099-DIV |
Box 1a |
Box 1b |
Box 2a |
Box 2b |
Box 3 |
Box 5 |
| Record Date |
Payment Date |
Distribution Per Share |
Ordinary Dividends |
Qualified Dividends |
Capital Gain Distributions (1) |
Unrecaptured Section 1250 Gain (2) |
Nondividend Distributions (3) |
Section 199A Dividends |
| 09/30/2020 |
10/15/2020 |
$0.135 |
$0.12067811 |
$0.00411014 |
$0.00877820 |
$0.00760136 |
$0.00554369 |
$0.11656797 |
- The 2020 Capital Gain Distribution amounts are comprised entirely of long-term capital gain determined under Section 1231 of the Code, which amounts are excluded from Section 1061 of the Code. Accordingly, for purposes of Section 1061 of the Code and the Treasury Regulations thereunder, the Company makes the following disclosures that the “One Year Amounts Disclosure” and the “Three Year Amounts Disclosure” are $0.
- Unrecaptured Section 1250 Gain is a subset of, and included in, the Capital Gain Distributions amounts (Box 2a).
- Return of Capital.