CBL Properties Announces Tax Reporting Information for 2017 Common and Preferred Share Dividends
January 26 2018 - 12:35PM
Business Wire
CBL Properties (NYSE:CBL) today announced the tax reporting
(Federal 1099) information for the 2017 distributions on its
Common, Series D Preferred and Series E Preferred shares.
The income tax treatment for the 2017 distributions for CBL
& Associates Properties, Inc., Common Stock
CUSIP # 124830-10-0 traded on the NYSE under ticker
symbol “CBL” is as follows:
Record Date
Payable Date
Distribution
Per Share
2017 Ordinary
Taxable Dividend
(Box 1a)
2017 Return of
Capital/Non-
Dividend
Distribution (Box 3)
10/2/2017 10/16/2017 $
0.2650000 $ 0.2262417 $ 0.0387583
6/30/2017 7/17/2017 $
0.2650000 $ 0.2262417 $ 0.0387583
3/30/2017 4/17/2017 $
0.2650000 $ 0.2262417 $ 0.0387583
12/30/2016 1/16/2017 $
0.1840004 $ 0.1570889 $ 0.0269115
Totals $ 0.9790004
$ 0.8358140 $
0.1431864 Percentage
100.000%
85.374%
14.626%
No Alternative Minimum Taxable Income (“AMTI”) adjustment is
included in the current year for the recipients of distributions on
the Common shares.
Pursuant to Internal Revenue Code requirements, of the $0.20 per
share dividend paid January 16, 2018, $0.20 per share will be
reported and is taxable in 2018.
The income tax treatment for the 2017 distributions for CBL
& Associates Properties, Inc., depositary shares representing
1/10th of a share of the 7.375% Series D Preferred Stock, CUSIP #
124830-60-5 on the NYSE traded under ticker symbol “CBLPrD” is as
follows:
Record Date
Payable Date
DistributionPer Share
2017 OrdinaryTaxable
Dividend(Box 1a)
2017 Return
ofCapital/Non-DividendDistribution (Box
3)
12/15/2017 12/29/2017
$ 0.4609375 $ 0.4609375 $
- 9/15/2017 10/2/2017
$ 0.4609375 $ 0.4609375 $
- 6/15/2017 6/30/2017
$ 0.4609375 $ 0.4609375 $
- 3/15/2017 3/30/2017
$ 0.4609375 $ 0.4609375 $
-
Totals $
1.843750 $ 1.843750
$ - Percentage
100.00%
100.00%
0.0%
No Alternative Minimum Taxable Income (“AMTI”) adjustment is
included in the current year for the recipients of distributions on
the Series D Preferred shares.
The income tax treatment for the 2017 distributions for CBL
& Associates Properties, Inc., depositary shares representing
1/10th of a share of the 6.625% Series E Preferred Stock, CUSIP #
124830-80-3 on the NYSE traded under ticker symbol “CBLPrE” is as
follows:
Record Date
Payable Date
DistributionPer Share
2017 OrdinaryTaxable
Dividend(Box 1a)
2017 Return
ofCapital/Non-DividendDistribution (Box
3)
12/15/2017 12/29/2017
$ 0.4140625 $ 0.4140625 $
- 9/15/2017 10/2/2017
$ 0.4140625 $ 0.4140625 $
- 6/15/2017 6/30/2017
$ 0.4140625 $ 0.4140625 $
- 3/15/2017 3/30/2017
$ 0.4140625 $ 0.4140625 $
-
Totals $
1.656250 $ 1.656250
$ - Percentage
100.00%
100.00%
0.0%
No AMTI adjustment is included in the current year for the
recipients of distributions on the Series E Preferred shares.
None of the dividends above represent “qualified dividend
income” and, therefore, are not eligible for reduced rates.
This information represents FINAL income allocations.
About CBL PropertiesHeadquartered in Chattanooga, TN, CBL
Properties owns and manages a national portfolio of market-dominant
properties located in dynamic and growing communities. CBL’s
portfolio is comprised of 119 properties totaling 74.4 million
square feet across 27 states, including 76 high-quality enclosed,
outlet and open-air retail centers and 12 properties managed for
third parties. CBL continuously strengthens its company and
portfolio through active management, aggressive leasing and
profitable reinvestment in its properties. For more information
visit cblproperties.com.
Information included herein contains “forward-looking
statements” within the meaning of the federal securities laws. Such
statements are inherently subject to risks and uncertainties, many
of which cannot be predicted with accuracy and some of which might
not even be anticipated. Future events and actual events, financial
and otherwise, may differ materially from the events and results
discussed in the forward-looking statements. The reader is directed
to the Company’s various filings with the Securities and Exchange
Commission, including without limitation the Company’s Annual
Report on Form 10-K and the “Management’s Discussion and Analysis
of Financial Condition and Results of Operations” incorporated by
reference therein, for a discussion of such risks and
uncertainties.
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version on businesswire.com: http://www.businesswire.com/news/home/20180126005500/en/
CBL PropertiesInvestor Contact:Katie Reinsmidt,
423-490-8301Executive Vice President & Chief Investment
OfficerKatie.Reinsmidt@cblproperties.com
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