GREENSBORO, N.C., Jan. 18 /PRNewswire-FirstCall/ -- Tanger Factory Outlet Centers, Inc. (NYSE:SKT) announced today that based upon the review by the Company's independent accountants, PricewaterhouseCoopers LLP, its 2007 dividend distributions should be treated as follows for income tax purposes.
Common Shares: 92.95% as ordinary income and 7.05% as return of capital.
Preferred Shares: 100% as ordinary income A form with detailed information regarding each distribution during 2007 is attached. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's dividend distributions.
REIT Name: Tanger Factory Outlet Centers, Inc. Primary Layout Report Date: 1/18/2008 Security
Ex-
Description Ticker Record Dividend Payable
(Fund Name) CUSIP Symbol Date Date Date
Common 875465-10-6 SKT 01/31/07 01/29/07 02/15/07
Common 875465-10-6 SKT 04/30/07 04/26/07 05/15/07
Common 875465-10-6 SKT 07/31/07 07/27/07 08/15/07
Common 875465-10-6 SKT 10/31/07 10/29/07 11/15/07
Total
Preferred 875465-40-3 SKT-PC 01/31/07 01/29/07 02/15/07
Preferred 875465-40-3 SKT-PC 04/30/07 04/26/07 05/15/07
Preferred 875465-40-3 SKT-PC 07/31/07 07/27/07 08/15/07
Preferred 875465-40-3 SKT-PC 10/31/07 10/29/07 11/15/07
Total
Box 1a Total Box 3
Security Total
Description Distribution Ordinary Nondividend
(Fund Name) CUSIP Per Share Dividends Distributions Common 875465-10-6 0.340000 0.31603 0.023970
Common 875465-10-6 0.360000 0.33462 0.025380
Common 875465-10-6 0.360000 0.33462 0.025380
Common 875465-10-6 0.360000 0.33462 0.025380
Total 1.420000 1.319890 0.100110
92.95% 7.05% Preferred 875465-40-3 0.468750 0.468750
Preferred 875465-40-3 0.468750 0.468750
Preferred 875465-40-3 0.468750 0.468750
Preferred 875465-40-3 0.468750 0.468750
Total 1.875000 1.875000
100.00%
DATASOURCE: Tanger Factory Outlet Centers, Inc.
CONTACT: Frank C. Marchisello of Tanger Factory Outlet Centers, Inc., +1-336-834-6834 Web site: http://www.tangeroutlet.com/
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