Public Storage Announces Tax Treatment of 2020 Dividends
(WorldNews Business)

GLENDALE, Calif.--(BUSINESS WIRE)--Jan 19, 2021-- Public Storage (NYSE:PSA) announced today the tax treatment of the Company`s 2020 dividends. For the tax year ended December 31, 2020, 100% of the distributions for the PSA common stock and all the various series of preferred stock were classified as ordinary income. The Company did not declare a capital gain distribution, nor did it have any unrecaptured section 1250 gain for 2020. The ordinary income...