24.01.2018 22:15:00

Cousins Properties Announces 2017 Tax Reporting Information

ATLANTA, Jan. 24, 2018 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today the year-end tax reporting information for its 2017 distributions.  For the tax year ended December 31, 2017, distributions for Cousins' common stock are classified as follows:

Record Date

Paid Date

Total
Distributions
Per Share

Ordinary
Dividends

Long-Term
Capital Gain

Unrecaptured
Sec. 1250 Gain 1

AMT
Adjustment 2

1/13/2017

1/19/2017

$0.060000

$0.060000

$0.000000

$0.000000

$0.004439

4/3/2017

4/13/2017

$0.060000

$0.000000

$0.060000

$0.028858

$0.004439

7/3/2017

7/13/2017

$0.060000

$0.033312

$0.026688

$0.012836

$0.004439

10/2/2017

10/12/2017

$0.060000

$0.000000

$0.060000

$0.028858

$0.004439

 

1 Represents a portion of the dividend allocated to long-term capital gain.

2 The company has apportioned certain 2017 alternative minimum tax adjustments to its shareholders.  Individual taxpayer should refer to Internal Revenue Service Form 6251, Alternative Minimum Tax – Individuals.  Corporate taxpayer should refer to Internal Revenue Service Form 4626, Alternative Minimum Tax – Corporations. 

This release has been prepared with the information available to date because the Company's tax returns have not yet been filed.  The tax consequences of these distributions to each stockholder depend on such stockholder's particular facts and circumstances.  Stockholders are thus encouraged to consult with their tax advisors as to the U.S. federal, state, local, and non-U.S. tax treatment of these distributions.  No material change in the taxable classifications is expected. 

About Cousins Properties
Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class-A office towers located in high growth Sunbelt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing, and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments. For more information, please visit www.cousinsproperties.com.

CONTACT:
Marli Quesinberry
Vice President, Investor Relations
404-407-1898
marliquesinberry@cousinsproperties.com

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SOURCE Cousins Properties

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