News Column


August 15, 2014

Item 8.01. Other Events.

On August 14, 2014, the board of directors of Resource Real Estate Opportunity REIT II, Inc. (the "Company") authorized a stock distribution of 0.01 shares of its common stock, $0.01 par value per share ("Common Stock"), or 1.0% of each outstanding share of Common Stock, to the stockholders of record at the close of business on September 30, 2014. Such stock distribution is to be issued on October 15, 2014.

The Company believes that the stock distribution should be a tax-free transaction for U.S. federal income tax purposes under Section 305(a) of the Internal Revenue Code of 1986, as amended, and the adjusted tax basis of each share of "old" and "new" Common Stock should be computed by dividing the adjusted tax basis of the old Common Stock by the total number of shares, old and new. The holding period of the Common Stock received in such non-taxable distribution is expected to begin on the date the taxpayer acquired the Common Stock which is the date that the distribution is made. Stockholders should consult their own tax advisors regarding the tax consequences of this stock distribution.


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Source: Edgar Glimpses

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