Textainer announces change in U.S. Tax treatment of 2021 Dividends
TEXTAINER GROUP HOLDINGS LIMITED
Incorporated in Bermuda
Company number: EC18896
NYSE share code: TGH
JSE share code: TXT
ISIN: BMG8766E1093
LEI: 529900OHEYRATAFMIT89
(“Textainer”, “the Company”, “we” and “our””)
Textainer Announces Change in U.S. Tax Treatment of 2021 Dividends
HAMILTON, Bermuda – April 07, 2022 – Textainer Group Holdings Limited (NYSE:TGH)
(“Textainer”) today announced a change in the reporting of both common and preferred dividends paid to
its shareholders in 2021 for U.S. federal income tax purposes.
Textainer previously reported on IRS Form 8937 that all of its 2021 distributions were to be treated as a
nontaxable return of capital to the extent of each shareholder’s relative income tax basis. With revised
reporting, these distributions are now to be considered taxable income for U.S. federal income tax purposes.
Amended 2021 IRS Form 8937s are available on Textainer’s website, which can be accessed at
https://investor.textainer.com/form8937.
The table below summarizes the tax treatment for dividends paid in 2021 on the Company’s Common
Shares (NYSE:TGH):
Originally Reported on Form 8937 Reported on Amended Form 8937
Total Per Share Return of Taxable Total Per Share Return of Taxable
Cash Capital Per Dividend Per Cash Capital Per Dividend Per
Record Date Payment Date Distribution Share Share Distribution Share Share
December 03, 2021 December 15, 2021 $ 0.25 $ 0.25 — $ 0.25 — $ 0.25
Textainer also previously announced that for dividends paid on March 15, 2022 on the Company’s Common
Shares (NYSE:TGH) the distribution may be treated as a nontaxable return of capital. Consistent with the
revised reporting of 2021 distributions, the March 15, 2022 distribution should be considered taxable
income for U.S. federal income tax purposes. Please note that the taxable dividend characterization provided
is an estimate, and the final characterization of the distribution will not be determinable until year-end
because the earnings and profits of TGH cannot be determined until year-end.
The table below summarizes the tax treatment for dividends paid in 2021 on the Company’s Series A
Preferred Shares (NYSE:TGH PRA):
Originally Reported on Form 8937 Reported on Amended Form 8937
Total Per Return of Taxable Total Per Return of Taxable
Depositary Share Capital Per Dividend Per Depositary Share Capital Per Dividend Per
Cash Depositary Depositary Cash Depositary Depositary
Record Date Payment Date Distribution Share Share Distribution Share Share
May 31, 2021 June 15, 2021 $ 0.3014 $ 0.3014 — $ 0.3014 — $ 0.3014
August 31, 2021 September 15, 2021 $ 0.4375 $ 0.4375 — $ 0.4375 — $ 0.4375
December 03, 2021 December 15, 2021 $ 0.4375 $ 0.4375 — $ 0.4375 — $ 0.4375
The table below summarizes the tax treatment for dividends paid in 2021 on the Company’s Series B
Preferred Shares (NYSE:TGH PRB):
Originally Reported on Form 8937 Reported on Amended Form 8937
Total Per Return of Taxable Total Per Return of Taxable
Depositary Share Capital Per Dividend Per Depositary Share Capital Per Dividend Per
Cash Depositary Depositary Cash Depositary Depositary
Record Date Payment Date Distribution Share Share Distribution Share Share
December 03, 2021 December 15, 2021 $ 0.4861112 $ 0.4861112 — $ 0.4861112 — $ 0.4861112
Shareholders should consult their tax advisors to determine how this change may affect their 2021 taxes.
About Textainer Group Holdings Limited
Textainer has operated since 1979 and is one of the world's largest lessors of intermodal containers with
approximately 4.3 million TEU in our owned and managed fleet. We lease containers to approximately 200
customers, including all of the world's leading international shipping lines, and other lessees. Our fleet
consists of standard dry freight, refrigerated intermodal containers, and dry freight specials, and we are one
of the most reliable suppliers of new and used containers. Textainer operates via a network of 14 offices
and approximately 400 independent depots worldwide. Textainer has a primary listing on the New York
Stock Exchange (NYSE: TGH) and a secondary listing on the Johannesburg Stock Exchange (JSE: TXT).
Source: Textainer Group Holdings Limited
Contact Information
Investor Relations
+1 415-658-8333
ir@textainer.com
7 April 2022
Sponsor: Investec Bank Limited
Date: 07-04-2022 08:16:00
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