Breaking News: LXP Industrial Trust Declares Final 2024 Dividend Distribution!
What You Need to Know
WEST PALM BEACH, Fla., Jan. 21, 2025 (GLOBE NEWSWIRE) — LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust (REIT) focused on Class A warehouse and distribution real estate investments, today announced its final 2024 dividend income allocations for both its common and preferred shares as they will be reported on Form 1099-DIV. Additionally, the return of capital on the common shares (Nondividend Distributions in the table below) was reported on Internal Revenue Service Form 8937 pursuant to U.S. tax basis reporting as required under Internal Revenue Code 6045B.
A copy of the Internal Revenue Service Form 8937 can be found in the investor’s section on LXP’s website.
How This Affects You
As a shareholder of LXP Industrial Trust, this news means that you will receive dividend income allocations for the final 2024 distribution. This will be reported on your Form 1099-DIV for tax purposes. It’s important to take note of this information when filing your taxes for the year.
How This Affects the World
The declaration of the final 2024 dividend distribution by LXP Industrial Trust reflects the company’s financial performance and commitment to providing value to its shareholders. As a real estate investment trust focused on warehouse and distribution real estate investments, LXP’s success can have broader implications for the real estate industry as a whole.
Conclusion
Overall, the announcement of LXP Industrial Trust’s final 2024 dividend distribution showcases the company’s dedication to its investors and highlights its position in the real estate market. Shareholders should be aware of the dividend income allocations for tax reporting purposes, while the world sees the impact of LXP’s performance on the industry.
