CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE: CBL) today announced the tax
reporting (Federal 1099) information for the 2009 distributions on its
Common, Series C Preferred, and Series D Preferred shares.
The income tax treatment for the 2009 distributions for CBL & Associates
Properties, Inc., Common Stock CUSIP # 124830-10-0 traded on the
NYSE under ticker symbol "CBL" is as follows:
Distribution Type (Form 1099-DIV Box)
Return of Total
Ordinary Unrecap.
Capital / Long-Term
Declaration Record Payable Distributions Taxable Sec. 1250
Non-Dividend Capital
Dates Dates Dates Per Share Dividend Gain(1)
Distributions Gain
(Box 1a) (Box 2b)
(Box 3) (Box 2a)
11/04/08 12/30/08 01/14/09 $ 0.3700 $ 0.3659432 $ - $ 0.0040568 $ -
02/27/09 03/13/09 04/15/09 $ 0.3700 $ 0.3659432 $ - $ 0.0040568 $ -
06/01/09 06/30/09 07/15/09 $ 0.1100 $ 0.1087939 $ - $ 0.0012061 $ -
09/01/09 09/30/09 10/15/09 $ 0.0500 $ 0.0494518 $ - $ 0.0005482 $ -
12/02/09 12/30/09 01/15/10 $ 0.0500 $ 0.0494518 $ - $ 0.0005482 $ -
Totals $ 0.9500 $ 0.9395839 $ - $ 0.0104161 $ -
Percentage 100.000 % 98.904 % 0.000 % 1.096 % 0.000 %
(1)Amount reported as Unrecaptured Sec. 1250 Gain (Box 2b) is included in Total Long-Term Capital Gain
(Box 2a).
No Alternative Minimum Taxable Income adjustment is included in the
current year for the recipients of distributions on the Common shares.
To the extent shareholders received shares of common stock in connection
with the dividend paid on April 15, 2009, such stock dividends are
taxable to the shareholder based on the amounts provided above.
The income tax treatment for the 2009 distributions for CBL & Associates
Properties, Inc., Series C Preferred Stock CUSIP # 124830-40-7 on
the NYSE traded under ticker symbol "CBL-PC" is as follows:
Distribution Type ( Form 1099-DIV Box)
Total
Ordinary Unrecap.
Long-Term
Declaration Record Payable Distributions Taxable Sec. 1250
Capital
Dates Dates Dates Per Share Dividend Gain(1)
Gain
(Box 1a) (Box 2b)
(Box 2a)
02/27/09 03/16/09 03/30/09 $ 0.484375 $ 0.4790641 $ 0.0053109 $ -
06/01/09 06/15/09 06/30/09 $ 0.484375 $ 0.4790641 $ 0.0053109 $ -
09/01/09 09/16/09 09/30/09 $ 0.484375 $ 0.4790641 $ 0.0053109 $ -
12/02/09 12/17/09 12/30/09 $ 0.484375 $ 0.4790641 $ 0.0053109 $ -
Totals $ 1.937500 $ 1.9162564 $ 0.0212436 $ -
Percentage 100.000 % 98.904 % 1.096 % 0.000 %
(1)Amount reported as Unrecaptured Sec. 1250 Gain (Box 2b) is included in Total Long-Term
Capital Gain (Box 2a).
No Alternative Minimum Taxable Income adjustment is included in the
current year for the recipients of distributions on the Series C
Preferred shares.
The income tax treatment for the 2009 distributions for CBL & Associates
Properties, Inc., Series D Preferred Stock CUSIP # 124830-60-5 on
the NYSE traded under ticker symbol "CBL-PD" is as follows:
Distribution Type (Form 1099-DIV Box)
Total
Ordinary Unrecap.
Long-Term
Declaration Record Payable Distributions Taxable Sec. 1250
Capital
Dates Dates Dates Per Share Dividend Gain(1)
Gain
(Box 1a) (Box 2b)
(Box 2a)
02/27/09 03/16/09 03/30/09 $ 0.4609375 $ 0.4558836 $ 0.0050539 $ -
06/01/09 06/15/09 06/30/09 $ 0.4609375 $ 0.4558836 $ 0.0050539 $ -
09/01/09 09/16/09 09/30/09 $ 0.4609375 $ 0.4558836 $ 0.0050539 $ -
12/02/09 12/17/09 12/30/09 $ 0.4609375 $ 0.4558836 $ 0.0050539 $ -
Totals $ 1.8437500 $ 1.8235344 $ 0.0202156 $ -
Percentage 100.000 % 98.904 % 1.096 % 0.000 %
(1)Amount reported as Unrecaptured Sec. 1250 Gain (Box 2b) is included in Total Long-Term
Capital Gain (Box 2a).
No Alternative Minimum Taxable Income adjustment is included in the
current year for the recipients of distributions on the Series D
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 & Associates Properties, Inc.
CBL is one of the largest and most active owners and developers of malls
and shopping centers in the United States. CBL owns, holds interests in
or manages 163 properties, including 88 regional malls/open-air centers.
The properties are located in 27 states and total 87.8 million square
feet including 3.0 million square feet of non-owned shopping centers
managed for third parties. CBL currently has one project under
construction totaling 500,000 square feet, The Pavilion at Port Orange
in Port Orange, FL. Headquartered in Chattanooga, TN, CBL has regional
offices in Boston (Waltham), MA, Dallas (Irving), TX, and St. Louis, MO.
Additional information can be found at 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.
Source: CBL & Associates Properties, Inc.
Contact: CBL & Associates Properties, Inc.
Katie Reinsmidt,
423-490-8301
Vice President - Corporate Communications and Investor Relations
katie_reinsmidt@cblproperties.com