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Iron Mountain Incorporated Announces Tax Treatment of 2017 Distributions
BOSTON, Jan. 25, 2018 /PRNewswire/ -- Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, announced the tax treatment for all 2017 distributions on its common stock.
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Record Date
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Payment Date
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Total
Distribution
($ per share)
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Total
Distribution
Allocable to 2017
($ per share)
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Form 1099 Box 1a
Ordinary Taxable
Dividend
($ per share)
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Form 1099
Box 1b
Qualified
Taxable
Dividend(2)
($ per share)
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Form 1099
Box 3
Return of
Capital
($ per share)
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Mar 15, 2017
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Apr 03, 2017
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$0.550000
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$0.550000
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$0.550000
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$0.098498
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$0.000000
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Jun 15, 2017
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Jul 03, 2017
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$0.550000
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$0.550000
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$0.550000
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$0.098498
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$0.000000
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Sept 15, 2017
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Oct 02, 2017
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$0.550000
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$0.550000
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$0.550000
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$0.098498
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$0.000000
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Dec 15, 2017(1)
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Jan 02, 2018
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$0.587500
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$0.531000
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$0.531000
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$0.095096
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$0.000000
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Total
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$2.237500
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$2.181000
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$2.181000
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$0.390590
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$0.000000
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(1)
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Cash distributions paid on January 2, 2018 with a record date of December 15, 2017 were $0.587500 per share, of which $0.531000 per share has been treated as a 2017 distribution and $0.056500 per share will be treated as a 2018 distribution for federal income tax purposes. Pursuant to Internal Revenue Code Section 857(b)(9), a portion of these distributions made in January is required to be included in the taxpayer's 2017 taxable income. The remaining amount will be subject to taxation in 2018.
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(2)
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Qualified Taxable Dividends is a subset of, and included in, Ordinary Taxable Dividends.
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If you held common stock of Iron Mountain in your name at any time during 2017, an IRS Form 1099-DIV will be provided to you by Computershare, Iron Mountain's transfer agent. If you held shares in "street name" during 2017, 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.
This information has been prepared using the best available information to date. Iron Mountain's federal income tax return for the year ended December 31, 2017 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. Please also note that state and local taxation of REIT distributions vary and may not be the same as the federal rules.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is the global leader for storage and information management services. Trusted by more than 230,000 organizations around the world, Iron Mountain boasts a real estate network of more than 85 million square feet across more than 1,400 facilities in 53 countries dedicated to protecting and preserving what matters most for its customers. Iron Mountain's solutions portfolio includes records management, data management, cloud services, document management, data centers, art storage and logistics, and secure shredding to help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including critical business documents, electronic information, medical data and cultural and historical artifacts. Visit www.ironmountain.com for more information.
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Investor Relations Contacts:
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Melissa Marsden
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Faten Freiha
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Senior Vice President, Investor Relations
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Director, Investor Relations
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[email protected]
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[email protected]
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(617) 535-8595
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(617) 535-8404
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 View original content:http://www.prnewswire.com/news-releases/iron-mountain-incorporated-announces-tax-treatment-of-2017-distributions-300588584.html
SOURCE Iron Mountain Incorporated
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