Crown Castle Commences Operating as a REIT Effective January 1, 2014
Cautionary Language Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based on management's current expectations. Such statements include
Crown Castleexpects to elect to qualify as a REIT for U.S. federal income tax purposes for the taxable year commencing January 1, 2014. If Crown Castlefails to elect REIT status for the taxable year commencing January 1, 2014, the next earliest date on which Crown Castlecan elect REIT status would be for the taxable year commencing January 1, 2015.
REIT qualification involves the application of highly technical and complex provisions of the Internal Revenue Code of 1986, as amended, to
Crown Castle'soperations, as well as various factual determinations concerning matters and circumstances not entirely within Crown Castle'scontrol. While Crown Castleplans to operate in a manner consistent with REIT qualification rules, Crown Castlecannot give assurance that it will so qualify or remain so qualified.
Changes in legislation or the federal tax rules can adversely impact
Crown Castle'sability to elect REIT status or the benefits of being a REIT.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. More information about potential risk factors that could affect
As previously announced,
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval.
Jay Brown, CFO Fiona McKone, VP - Corporate Finance Crown Castle International Corp.713-570-3050