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TEXTAINER GROUP HOLDINGS LIMITED - Textainer announces change in U.S. Tax treatment of 2021 Dividends

Release Date: 07/04/2022 08:16
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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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