PHILADELPHIA, Jan. 16, 2018 /PRNewswire/ -- PREIT
(PREIT/NYSE: PEI) today announced that the tax status of the
distributions paid per share during 2017 is as follows:
COMMON
SHARES
|
IRS Form
1099-DIV
|
CUSIP: 709 102
107
|
2017
|
Box
1a
|
Long Term Capital
Gain
|
Box
3
|
NYSE Ticker
Symbol: PEI
|
Box
2a
|
Box
2b
|
Record
|
Ex-Dividend
|
Payable
|
Total
|
Ordinary
|
Total
Capital
|
Unrecaptured
|
Nondividend
|
Date
|
Date
|
Date
|
Distribution
|
Dividends
|
Gain
Distribution
|
Sec.
1250
|
Distributions
|
|
|
|
Per
Share
|
|
|
Gain
|
|
3/1/2017
|
2/27/2017
|
3/15/2017
|
$0.210000
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.210000
|
6/1/2017
|
5/30/2017
|
6/15/2017
|
$0.210000
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.210000
|
9/1/2017
|
8/30/2017
|
9/15/2017
|
$0.210000
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.210000
|
12/1/2017
|
11/29/2017
|
12/15/2017
|
$0.210000
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.210000
|
Totals for
2017
|
$0.840000
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.840000
|
8.25% Series A -
PREFERRED SHARES
|
IRS Form
1099-DIV
|
CUSIP: 709 102
404
|
2017
|
Box
1a
|
Long Term Capital
Gain
|
Box
3
|
NYSE Ticker
Symbol: PEIPrA
|
Box
2a
|
Box
2b
|
Record
|
Ex-Dividend
|
Payable
|
Total
|
Ordinary
|
Total
Capital
|
Unrecaptured
|
Nondividend
|
Date
|
Date
|
Date
|
Distribution
|
Dividends
|
Gain
Distribution
|
Sec.
1250
|
Distributions
|
|
|
|
Per
Share
|
|
|
Gain
|
|
3/1/2017
|
2/27/2017
|
3/15/2017
|
$0.515625
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.515625
|
6/1/2017
|
5/30/2017
|
6/15/2017
|
$0.515625
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.515625
|
9/1/2017
|
8/30/2017
|
9/15/2017
|
$0.515625
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.515625
|
10/12/2017
|
10/12/2017
|
10/12/2017
|
$0.154700
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.154700
|
Totals for
2017
|
$1.701575
|
$0.000000
|
$0.000000
|
$0.000000
|
$1.701575
|
7.375% Series B -
PREFERRED SHARES
|
IRS Form
1099-DIV
|
CUSIP: 709 102
503
|
2017
|
Box
1a
|
Long Term Capital
Gain
|
Box
3
|
NYSE Ticker
Symbol: PEIPrB
|
Box
2a
|
Box
2b
|
Record
|
Ex-Dividend
|
Payable
|
Total
|
Ordinary
|
Total
Capital
|
Unrecaptured
|
Nondividend
|
Date
|
Date
|
Date
|
Distribution
|
Dividends
|
Gain
Distribution
|
Sec.
1250
|
Distributions
|
|
|
|
Per
Share
|
|
|
Gain
|
|
3/1/2017
|
2/27/2017
|
3/15/2017
|
$0.460938
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.460938
|
6/1/2017
|
5/30/2017
|
6/15/2017
|
$0.460938
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.460938
|
9/1/2017
|
8/30/2017
|
9/15/2017
|
$0.460938
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.460938
|
12/1/2017
|
11/29/2017
|
12/15/2017
|
$0.460938
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.460938
|
Totals for
2017
|
$1.843752
|
$0.000000
|
$0.000000
|
$0.000000
|
$1.843752
|
7.200% Series C -
PREFERRED SHARES
|
IRS Form
1099-DIV
|
CUSIP: 709 102
602
|
2017
|
Box
1a
|
Long Term Capital
Gain
|
Box
3
|
NYSE Ticker
Symbol: PEIPrC
|
Box
2a
|
Box
2b
|
Record
|
Ex-Dividend
|
Payable
|
Total
|
Ordinary
|
Total
Capital
|
Unrecaptured
|
Nondividend
|
Date
|
Date
|
Date
|
Distribution
|
Dividends
|
Gain
Distribution
|
Sec.
1250
|
Distributions
|
|
|
|
Per
Share
|
|
|
Gain
|
|
3/1/2017
|
2/27/2017
|
3/15/2017
|
$0.240000
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.240000
|
6/1/2017
|
5/30/2017
|
6/15/2017
|
$0.450000
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.450000
|
9/1/2017
|
8/30/2017
|
9/15/2017
|
$0.450000
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.450000
|
12/1/2017
|
11/29/2017
|
12/15/2017
|
$0.450000
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.450000
|
Totals for
2017
|
$1.590000
|
$0.000000
|
$0.000000
|
$0.000000
|
$1.590000
|
6.875% Series D -
PREFERRED SHARES
|
IRS Form
1099-DIV
|
CUSIP: 709 102
701
|
2017
|
Box
1a
|
Long Term Capital
Gain
|
Box
3
|
NYSE Ticker
Symbol: PEIPrD
|
Box
2a
|
Box
2b
|
Record
|
Ex-Dividend
|
Payable
|
Total
|
Ordinary
|
Total
Capital
|
Unrecaptured
|
Nondividend
|
Date
|
Date
|
Date
|
Distribution
|
Dividends
|
Gain
Distribution
|
Sec.
1250
|
Distributions
|
|
|
|
Per
Share
|
|
|
Gain
|
|
12/1/2017
|
11/29/2017
|
12/15/2017
|
$0.448785
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.448785
|
Totals for
2017
|
$0.448785
|
$0.000000
|
$0.000000
|
$0.000000
|
$0.448785
|
The above reflects the total amounts of distributions paid by
PREIT on its outstanding common shares and its Series A, Series B,
Series C and Series D Preferred shares during 2017, which will be
reported on IRS Form 1099-DIV. Shareholders are required to include
these amounts on their Federal income tax returns and are
encouraged to consult with their tax advisors.
This release is based on the preliminary results of work on the
Company's tax filings and is subject to correction or adjustment
when the filings are completed. The Company is releasing
information at this time to aid those required to distribute Forms
1099 on the Company's distributions. No material change in these
classifications is expected.
Information about distributions paid for common and preferred
shares can also be found at the website of the National Association
of Real Estate Investment Trusts (NAREIT), www.reit.com, or by
contacting NAREIT by phone at (800) 3-NAREIT or (800-362-7348).
About PREIT
PREIT (NYSE: PEI) is a publicly traded real estate investment
trust that owns and manages quality properties in compelling
markets. PREIT's robust portfolio of carefully curated retail
and lifestyle offerings mixed with destination dining and
entertainment experiences are located primarily in the
densely-populated eastern U.S. with concentrations in the
mid-Atlantic's top MSAs. Since 2012, the company has driven a
transformation guided by an emphasis on portfolio quality and
balance sheet strength driven by disciplined capital expenditures.
Additional information is available at www.preit.com or on Twitter
or LinkedIn.
Forward-Looking Statements
This press release, together with other statements and
information publicly disseminated by us, contain certain
"forward-looking statements" within the meaning of the federal
securities laws. Forward-looking statements relate to expectations,
beliefs, projections, future plans, strategies, anticipated events,
trends and other matters that are not historical facts. When used,
the words "anticipate," "believe," "estimate," "target," "goal,"
"expect," "intend," "may," "plan," "project," "result," "should,"
"will," and similar expressions, which do not relate solely to
historical matters, are intended to identify forward looking
statements. We caution investors that any forward looking
statements presented in this presentation and the documents that we
may incorporate by reference into this document are based on
management's beliefs and assumptions made by, and currently
available to management. These forward-looking statements reflect
our current views about future events, achievements or results and
are subject to risks, uncertainties and changes in circumstances
that might cause future events, achievements or results to differ
materially from those expressed or implied by the forward-looking
statements. In particular, our business might be materially and
adversely affected by uncertainties affecting real estate
businesses generally as well as the following, among other factors:
changes in the retail and real estate industries, including
consolidation and store closings, particularly among anchor
tenants; our ability to maintain and increase property occupancy,
sales and rental rates, in light of the relatively high number of
leases that have expired or are expiring in the next two years;
increases in operating costs that cannot be passed on to
tenants; current economic conditions and the state of employment
growth and consumer confidence and spending, and the corresponding
effects on tenant business performance, prospects, solvency and
leasing decisions and on our cash flows, and the value and
potential impairment of our properties; the effects of online
shopping and other uses of technology on our retail tenants;
risks related to our development and redevelopment
activities; acts of violence at malls, including our properties, or
at other similar spaces, and the potential effect on traffic and
sales; our ability to identify and execute on suitable acquisition
opportunities and to integrate acquired properties into our
portfolio; our partnerships and joint ventures with third parties
to acquire or develop properties; concentration of our properties
in the Mid-Atlantic region; changes in local market conditions,
such as the supply of or demand for retail space, or other
competitive factors; changes to our corporate management team and
any resulting modifications to our business strategies; our ability
to sell properties that we seek to dispose of or our ability to
obtain prices we seek; potential losses on impairment of certain
long-lived assets, such as real estate, or of intangible assets,
such as goodwill, including such losses that we might be required
to record in connection with any dispositions of assets; our
substantial debt and liquidation preference of our preferred shares
and our high leverage ratio; constraining leverage, unencumbered
debt yield, interest and tangible net worth covenants under our
principal credit agreements; our ability to refinance our existing
indebtedness when it matures, on favorable terms or at all; our
ability to raise capital, including through joint ventures or other
partnerships, through sales of properties or interests in
properties, through the issuance of equity or equity-related
securities if market conditions are favorable, or through other
actions; our short- and long-term liquidity position; potential
dilution from any capital raising transactions or other equity
issuances; and general economic, financial and political
conditions, including credit and capital market conditions, changes
in interest rates or unemployment.
Additional factors that might cause future events, achievements
or results to differ materially from those expressed or implied by
our forward-looking statements include those discussed herein and
in our Annual Report on Form 10-K for the year ended
December 31, 2016 in the section entitled "Item 1A. Risk
Factors." We do not intend to update or revise any forward-looking
statements to reflect new information, future events or
otherwise.
CONTACT: AT THE COMPANY
Robert McCadden
EVP & CFO
(215) 875-0735
Heather Crowell
SVP, Corporate Communications and Investor Relations
(215) 454-1241
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SOURCE PREIT