American Tower Corporation

Notes/Supplemental Information: 

The January 18, 2018 deemed stock distributions for Preferred Series B shares resulted from conversion rate adjustments triggered by early conversions.

This spreadsheet and the accompanying instructions do not constitute, and should not be considered a substitute for, legal advice. The rules governing the proper tax characterization of distributions by REITs can be complex. Each REIT should consult its own tax advisor regarding the proper tax characterization and reporting of the REIT’s distributions.