• Crown Castle Announces Tax Reporting Information for 2019 Distributions

    Source: Nasdaq GlobeNewswire / 24 Jan 2020 09:00:10   America/New_York

    HOUSTON, Jan. 24, 2020 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE: CCI) (“Crown Castle”) announced today certain year-end tax reporting information for its 2019 distributions.

    The following tables summarize, for income tax purposes, the nature of distributions paid to holders of Crown Castle Common Stock, par value $.01 per share (“Common Stock”), and holders of Crown Castle 6.875% Mandatory Convertible Preferred Stock (“Preferred Stock”), presented on a per share basis, during the calendar year ended December 31, 2019.  Stockholders are encouraged to consult with their tax advisors as to their specific tax treatment of Crown Castle’s distributions.

    Crown Castle Common Stock
    Ticker Symbol: CCI

    Record  DatePayable DateCash
    Distribution
    (per share)
    Ordinary
    Taxable
    Dividend
    (per share)
    Qualified
    Taxable
    Dividend
    (per share)*
    Section 199A
    Dividend
    (per share)*
    Non-Taxable
    Distribution
    (per share)
    3/15/20193/29/2019$1.125$0.824$0.007$0.817$0.301
    6/14/20196/28/2019$1.125$0.824$0.007$0.817$0.301
    9/13/20199/30/2019$1.125$0.824$0.007$0.817$0.301
    12/13/201912/31/2019$1.20$0.879$0.008$0.871$0.321

    *Qualified taxable dividend and section 199A dividend amounts included in ordinary taxable dividend amount.

    Notes:

    • During the calendar year ended December 31, 2019, there was no unrecaptured Section 1250 gain and no long-term capital gain with respect to the common stock.
    • IRS Form 8937, Report of Organizational Actions Affecting Basis of Securities, disclosing additional information relating to the non-taxable distributions attributable to Crown Castle Common Stock, has been posted to the Investors section of the Company’s website: www.crowncastle.com/investors/shareholder-services.

    Crown Castle 6.875% Mandatory Convertible Preferred Stock
    Ticker Symbol: CCI-PRA

    Record  DatePayable DateCash
    Distribution
    (per share)
    Ordinary
    Taxable
    Dividend
    (per share)
    Qualified
    Taxable
    Dividend
    (per share)*
    Section 199A
    Dividend
    (per share)*
    Non-Taxable
    Distribution
    (per share)
    1/15/20192/1/2019$17.1875$17.1875$0.1490$17.0385$0.00
    4/15/20195/1/2019$17.1875$17.1875$0.1490$17.0385$0.00
    7/15/20198/1/2019$17.1875$17.1875$0.1490$17.0385$0.00
    10/15/201911/1/2019$17.1875$17.1875$0.1490$17.0385$0.00

    *Qualified taxable dividend and section 199A dividend amounts included in ordinary taxable dividend amount.

    Notes:

    • During the calendar year ended December 31, 2019, there was no unrecaptured Section 1250 gain, no long-term capital gain, and no non-taxable distributions with respect to the 6.875% Mandatory Convertible Preferred Stock.

    ABOUT CROWN CASTLE

    Crown Castle owns, operates and leases more than 40,000 cell towers and more than 75,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them. For more information on Crown Castle, please visit www.crowncastle.com.

    CONTACT
    Dan Schlanger, CFO
    Ben Lowe, VP & Treasurer
    Crown Castle International Corp.
    713-570-3050

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