Crown Castle Announces Tax Reporting Information for 2016 Distributions

HOUSTON, Jan. 23, 2017 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) (“Crown Castle”) announced today certain year-end tax reporting information for its 2016 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 4.50% Mandatory Convertible Preferred Stock (“Preferred Stock”), presented on a per share basis, during the calendar year ended December 31, 2016.  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 Date Payable Date Cash
Distribution
(per share)
Ordinary
Taxable

Dividend
(per share)
Qualified
Taxable
Dividend

(per share)*
Long-Term
Capital Gain
Distribution
(per share)
Non-Taxable
Distribution
(per share)
3/18/2016 3/31/2016 $ 0.885 $ 0.725 $ 0.019 $ 0.076 $ 0.084
6/17/2016 6/30/2016 $ 0.885 $ 0.725 $ 0.019 $ 0.076 $ 0.084
9/16/2016 9/30/2016 $ 0.885 $ 0.725 $ 0.019 $ 0.076 $ 0.084
12/16/2016 12/30/2016 $ 0.950 $ 0.779 $ 0.021 $ 0.081 $ 0.090
 
* Qualified taxable dividend amount included in ordinary taxable dividend amount.
 
Note: During the calendar year ended December 31, 2016, there was no Unrecaptured Section 1250 Gain with respect to the Common Stock.
 

Crown Castle 4.50% Mandatory Convertible Preferred Stock
Ticker Symbol: CCI-PRA

Record Date Payable Date Cash
Distribution
(per share)
Ordinary
Taxable

Dividend
(per share)
Qualified
Taxable
Dividend

(per share)*
Long-Term
Capital Gain
Distribution
(per share)
1/15/2016 2/1/2016 $ 1.125 $ 1.029 $ 0.025 $ 0.096
4/15/2016 5/2/2016 $ 1.125 $ 1.029 $ 0.025 $ 0.096
7/15/2016 8/1/2016 $ 1.125 $ 1.029 $ 0.025 $ 0.096
10/15/2016 11/1/2016 $ 1.125 $ 1.029 $ 0.025 $ 0.096
 
* Qualified taxable dividend amount included in ordinary taxable dividend amount.
 
Note: During the calendar year ended December 31, 2016, there were no Non-Taxable Distributions made or Unrecaptured Section 1250 Gain with respect to the Preferred Stock.
 
As of November 1, 2016, all outstanding shares of the Preferred Stock were mandatorily converted to shares of Common Stock, at a rate of 1.1880 shares of Common Stock for each share of Preferred Stock converted.  Cash was paid in lieu of fractional shares of Common Stock.  Dividends on the Preferred Stock ceased to accrue on November 1, 2016.
 

ABOUT CROWN CASTLE

Crown Castle provides wireless carriers with the infrastructure they need to keep people connected and businesses running. With approximately 40,000 towers and 26,500 route miles of fiber supporting small cells, Crown Castle is the nation's largest provider of shared wireless infrastructure with a significant presence in the top 100 US markets.  For more information on Crown Castle, please visit www.crowncastle.com

   
Contacts: Dan Schlanger, CFO
  Son Nguyen, VP & Treasurer
  Crown Castle International Corp.
  713-570-3050

 

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