JERSEY CITY, N.J., Jan. 17, 2018 /PRNewswire/ -- Mack-Cali Realty
Corporation (NYSE: CLI) today announced the tax treatment of its
2017 dividends. The Company's total distribution of $0.70 per share of common stock (CUSIP
#554489104) is to be classified for income tax purposes as
follows:
RECORD
DATE
|
PAYMENT
DATE
|
CASH
DISTRIBUTIONS
PER SHARE
|
TAXABLE
ORDINARY
DIVIDENDS
|
01/05/17
|
01/13/17
|
$
0.150000
|
$
0.150000
|
04/05/17
|
04/13/17
|
0.150000
|
0.150000
|
07/06/17
|
07/14/17
|
0.200000
|
0.200000
|
10/03/17
|
10/13/17
|
0.200000
|
0.200000
|
Totals
|
|
$
0.700000
|
$
0.700000
|
The fourth quarter 2017 distributions being made to shareholders
of record as of January 3, 2018 are
considered 2018 distributions for federal income tax purposes.
Shareholders are encouraged to consult with their tax advisors as
to their specific tax treatment of Mack-Cali Realty Corporation
dividends.
About Mack-Cali Realty Corporation
One of the country's leading real estate investment trusts
(REITs), Mack-Cali Realty Corporation is an owner, manager and
developer of premier office and multifamily properties in select
waterfront and transit-oriented markets throughout the Northeast.
Mack-Cali is headquartered in
Jersey City, New Jersey, and is
the visionary behind the city's flourishing waterfront, where the
company is leading development, improvement and place-making
initiatives for Harborside, a master-planned destination comprised
of class A office, luxury apartments, diverse retail and
restaurants, and public spaces.
A fully-integrated and self-managed company, Mack-Cali has provided world-class management,
leasing, and development services throughout New Jersey and the surrounding region for two
decades. By regularly investing in its properties and innovative
lifestyle amenity packages, Mack-Cali creates environments that empower tenants
and residents to reimagine the way they work and live.
For more information on Mack-Cali Realty Corporation and its
properties, visit www.mack-cali.com.
Statements made in this press release may be forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements can be
identified by the use of words such as "may," "will," "plan,"
"potential," "projected," "should," "expect," "anticipate,"
"estimate," "target," "continue," or comparable terminology. Such
forward-looking statements are inherently subject to certain risks,
trends and uncertainties, many of which the Company cannot predict
with accuracy and some of which the Company might not even
anticipate, and involve factors that may cause actual results to
differ materially from those projected or suggested. Readers are
cautioned not to place undue reliance on these forward-looking
statements and are advised to consider the factors listed above
together with the additional factors under the heading "Disclosure
Regarding Forward-Looking Statements" and "Risk Factors" in the
Company's Annual Reports on Form 10-K, as may be supplemented or
amended by the Company's Quarterly Reports on Form 10-Q, which are
incorporated herein by reference. The Company assumes no obligation
to update or supplement forward-looking statements that become
untrue because of subsequent events, new information or
otherwise.
Contacts:
|
Anthony
Krug
Mack-Cali Realty
Corporation
Chief Financial
Officer
(732)
590-1030
|
Deidre
Crockett
Mack-Cali Realty
Corporation
Vice President,
Corporate Communications and
Investor
Relations
(732)
590-1025
|
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SOURCE Mack-Cali Realty Corporation