VEREIT, Inc. Announces Tax Treatment of 2017 Dividends

PHOENIX, Jan. 24, 2018 /PRNewswire/ -- VEREIT, Inc. ("VEREIT" or the "Company") announced the income tax classification of its 2017 dividends for the Company's common stock (NYSE: VER) ("Common Stock") and 6.70% Series F Cumulative Redeemable Preferred Stock (NYSE: VER-PF) ("Series F Preferred Stock"). The tables below summarize the income tax classification of the dividends paid and the corresponding box number on the 2017 Form 1099-DIV.  Please note that, for U.S. federal income tax purposes, a portion of the $0.1375 dividend per common share paid on January 17, 2017 was treated as having been paid by VEREIT, and received by common stockholders, on December 31, 2016. As a result, the remaining portion of the common dividend paid on January 17, 2017 is being reported on the 2017 Form 1099-DIV.  Stockholders are encouraged to consult with their tax advisors as to their specific tax treatment of VER and VER-PF dividends.

VER Common Stock  |  CUSIP: 92339V100

VER-PF Series F Preferred Stock  |  CUSIP: 92339V209

About the Company
VEREIT is a leading, full-service real estate operating company with investment management capability. VEREIT owns and actively manages a diversified portfolio of retail, restaurant, office and industrial real estate assets with a total asset book value of $14.7 billion including approximately 4,100 properties totaling approximately 92.2 million square feet, located in 49 states, as well as Puerto Rico and Canada. Additionally, VEREIT manages $7.8 billion of gross real estate investments on behalf of the Cole Capital® non-listed REITs. VEREIT is a publicly traded Maryland corporation listed on the New York Stock Exchange. Additional information about VEREIT can be found on its website at www.VEREIT.com and through social media platforms such as Twitter and LinkedIn.

View original content with multimedia:http://www.prnewswire.com/news-releases/vereit-inc-announces-tax-treatment-of-2017-dividends-300587751.html

SOURCE VEREIT, Inc.