|Form||Account Type||What it reports||Mailed on or before|
|1099-B||Taxable||Proceeds from a sale through the share redemption program||2/15/2022|
|1099-DIV||Taxable||Dividends and capital gain distributions||2/1/2022|
To obtain historical 1099 forms or transaction history, please log in to your account. If you are unable to access these documents, please reach out to our Shareholder Operations Team by phone 888.310.9352 or email [email protected]. Please allow 24 hours for a response via email.
U.S. investors, most tax forms are mailed by January 31 and are available online.
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Supplemental tax information is provided below. The tax character of historical distributions as a percent of each total distribution is shown in the table below for each of the funds. To access your specific tax forms, please log in to your account.
What does it report?
Form 1099-B reports net proceeds from the sale of shares through the share redemption program in taxable accounts.
These proceeds are categorized by short-term gains, long-term gains or losses. These proceeds are categorized by short-term gains, long-term gains or losses. Short-term gains are generally taxed at your ordinary income rate and long-term gains at the long term capital gains rate, which is typically lower than the ordinary income tax rate.
What else should I know?
This form may report cost basis, gains and losses, and other information to report the sale or exchange of shares.
If you sold shares in a taxable account during the tax year, such a transaction will be reported on Form 1099-B. If shares are “covered securities” as defined in Internal Revenue Code Section 6045, the cost basis and corresponding gain or loss is reported. If all or any of your shares are “uncovered securities”, which are generally shares purchased prior to January 2011, you are responsible for calculating the specific taxable gain or loss resulting from the total proceeds reported on Form 1099-B. Please consult a tax professional for guidance.
What does it report?
Form 1099-DIV reports dividends (ordinary and qualified) and capital gains from taxable accounts, regardless of whether they are paid in cash or reinvested.
Each distribution type will be listed separately. This information can then be used to identify how you will be taxed. Ordinary dividends are generally taxed at your ordinary income tax rate. Qualified dividends and capital gains may be taxed at the long-term capital gains rate, which is typically lower than the ordinary income rate.
What else should I know?
The Tax Cuts and Jobs Act enacted on December 22, 2017, created a new deduction known as the section 199A deduction. Under this rule, eligible taxpayers may be entitled to a deduction of up to 20 percent of their real estate investment trust (REIT) dividends that are taxed as ordinary income. This amount is reported in Box 5a of Form 1099-DIV and is included in the amounts reported in Box1a. Please consult with a professional tax advisor about your specific situation. Ares and its affiliates do not provide tax advice.
Please read the applicable Ares Real Estate Income Trust ("REIT") or Fund Prospectus prior to making any investment decision and consider carefully the REIT’s or Fund’s investment objectives, risks, charges, expenses and other important information described therein. A copy of the REIT and Fund Prospectuses, which contain this and other information about the REIT or Fund, must be made available to you in connection with any offering of the Shares. Click here to view the REIT and Fund Prospectuses. The REIT and Funds prospectuses does not constitute an offer to sell securities, nor a solicitation of an offer to buy their Shares in any state where the offer or sale is not permitted.
Ares Wealth Management Solutions does not offer investment advice. Individuals should consult a professional investment advisor.
Investments in the Ares Private Markets Fund or Ares REITs are not suitable for all investors. Investing in shares of the Fund or REITs involves a high degree of risk, including the risk that payment of distributions is uncertain and cannot be guaranteed, the risk that an investment is not liquid, and the risk that stockholders may lose the entire amount of their investment. Please review the AREIT Summary Risk Factors and the Prospectus, AIREIT Summary Risk Factors and the Prospectus, and the APMF Summary Risk Factors and the Prospectus, for a complete list of the risks associated with Ares Private Markets Fund and REIT investments.
No offering is made except by a prospectus filed with the Department of Law of the State of New York. Neither the SEC nor any other state securities regulator has approved or disapproved of the securities described in the prospectus or determined if the prospectus is truthful or complete. In addition, the Attorney General of the state of New York has not passed on or endorsed the merits of the offering. Any representation to the contrary is a criminal offense. Fund and REIT shares will be offered to the public through Ares Wealth Management Solutions, LLC, member of Financial Industry Regulatory Authority (FINRA) and SIPC, which will act as the dealer manager, and through other members of FINRA or with the assistance of registered investment advisors.
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NOT A DEPOSIT • NOT FDIC INSURED • NOT GUARANTEED BY THE BANK • MAY LOSE VALUE • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY