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CoreSite Announces 2014 Distribution Tax Treatment

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CoreSite Realty Corporation (NYSE:COR) , a premier provider of secure, reliable, high-performance data center solutions across the US, today announced the income tax allocation for federal income tax purposes of its 2014 distributions on its common and preferred stock.

Table 1. CoreSite Common Stock (NYSE:COR; CUSIP: 21870Q105)

Record
Date

Payable
Date

Distribution
Per Share

Taxable
Ordinary
Dividends

Long-term
Capital Gains

Long-term
Unrecaptured
Section
1250 Gain

Qualified
Dividends

Return of
Capital

3/31/14 4/15/14 $0.350000 $0.350000 $0.00 $0.00 $0.00 $0.00
6/30/14 7/15/14 0.350000 0.350000 0.00 0.00 0.00 0.00
9/30/14 10/15/14 0.350000 0.350000 0.00 0.00 0.00 0.00
12/31/14 1/15/15 0.098782 0.098782 0.00 0.00 0.00 0.00
Total $1.148782 $1.148782 $0.00 $0.00 $0.00 $0.00

Table 2. CoreSite Series A Cumulative Redeemable Preferred Stock (NYSE:CORprA; CUSIP: 21870Q204)

Record
Date

Payable
Date

Distribution
Per Share

Taxable
Ordinary
Dividends

Long-term
Capital
Gains

Long-term
Unrecaptured
Section
1250 Gain

Qualified
Dividends

3/31/14 4/15/14 $0.453125 $0.453125 $0.00 $0.00 $0.00
6/30/14 7/15/14 0.453125 0.453125 0.00 0.00 0.00
9/30/14 10/15/14 0.453125 0.453125 0.00 0.00 0.00
12/31/14 1/15/15 0.453125 0.453125 0.00 0.00 0.00
Total $1.812500 $1.812500 $0.00 $0.00 $0.00

Under the tax rules applicable to real estate investment trusts such as CoreSite, a portion of the $0.42 per common share distribution at January 15, 2015 applies to tax year 2014 and a portion applies to tax year 2015.

CoreSite’s tax return for the year ended December 31, 2014, has not been filed. As a result, the income tax allocation for the distributions discussed above has been calculated using the best available information as of the date of this release.

Please note that federal tax laws affect taxpayers differently, and the information in this release is not intended as advice to shareholders on how distributions should be reported on their tax returns. Also note that state and local taxation of real estate investment trust distributions varies and may not be the same as the taxation under the federal rules. CoreSite encourages shareholders to consult with their own tax advisors as to their specific federal, state, and local income tax treatment of CoreSite distributions.

About CoreSite

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center solutions across eight key North American markets. More than 800 of the world’s leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. Our scalable, flexible solutions and 350+ dedicated employees consistently deliver unmatched data center options — all of which leads to a best-in-class customer experience and lasting relationships. For more information, visit www.CoreSite.com.

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