Duke Realty Corporation (NYSE: DRE) Announces the Income Tax Characteristics of its 2020 Common Share Dividends

INDIANAPOLIS, Jan. 19, 2021 (GLOBE NEWSWIRE) — Duke Realty Corporation (NYSE: DRE) announces the income tax characteristics of its 2020 common share dividends. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Duke Realty Corporation’s dividends.
Common Share Dividends:
Ticker Symbol DRE, CUSIP # 264411505For corporate shareholders, the Section 291(a) preference item is 1.3748% of total dividend distributions.   The company did not incur any foreign taxes in 2020. For purposes of satisfying U.S. federal income tax withholding obligations under Section 1.1445-8 of the federal income tax regulations with respect to payments to foreign shareholders, Duke Realty Corporation characterizes the long-term capital gain portion of the dividends, including the Unrecaptured Section 1250 gain, described above as capital gain dividends.Pursuant to Treas. Reg. § 1.1061-6(c), none of the capital gain dividends reported in Form 1099-DIV Box 2a relate to the “One or Three Year Amounts Disclosure” for purposes of Section 1061 of the Internal Revenue Code. Section 1061 is generally applicable to direct and indirect holders of “applicable partnership interests.”About Duke Realty CorporationDuke Realty Corporation owns and operates approximately 159 million rentable square feet of industrial assets in 20 major U.S. logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is a component of the S&P 500 Index. More information about Duke Realty Corporation is available at www.dukerealty.com.Investor Relations Contact:     Ron Hubbard
(317) 808-6000
Tax Contact:Stephanie York
(317) 808-6000