CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE: CBL) today announced the tax
reporting (Federal 1099) information for the 2012 distributions on its
Common, Series C Preferred, Series D Preferred and Series E Preferred
shares.
The income tax treatment for the 2012 distributions for CBL & Associates
Properties, Inc., Common Stock CUSIP # 124830-10-0 traded on the
NYSE under ticker symbol "CBL" is as follows:
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| | | | | | | | Distribution Type (Form 1099-DIV Box) |
| Declaration Dates | | Record Dates | | Payable Dates | | Distributions Per Share | | Ordinary Taxable Dividend (Box 1a) |
| Return of Capital / Non-Dividend Distributions (Box 3) |
| Total Long-Term Capital Gain (Box 2a) | | Unrecap. Sec. 1250 Gain (1) (Box 2b) |
| 02/24/12 | | 03/30/12 | | 04/17/12 | | $ | 0.2200000 | | | $ | 0.2200000 | | | $ | - | | | $ | - | | | $ | - | |
| 06/01/12 | | 06/30/12 | | 07/17/12 | | $ | 0.2200000 | | | $ | 0.2200000 | | | $ | - | | | $ | - | | | $ | - | |
| 08/30/12 | | 09/28/12 | | 10/16/12 | | $ | 0.2200000 | | | $ | 0.2200000 | | | $ | - | | | $ | - | | | $ | - | |
| 11/28/12 | | 12/28/12 | | 01/16/13 | | $ | 0.1748773 |
|
| $ | 0.1748773 |
|
| $ | - |
|
| $ | - |
|
| $ | - |
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| | | | Totals | | $ | 0.8348773 |
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| $ | 0.8348773 |
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| $ | - |
|
| $ | - |
|
| $ | - |
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| | | | Percentage | | | 100.000 | % | | | 100.000 | % | | | 0.000 | % | | | 0.000 | % | | | 0.000 | % |
| | | | | | | | | | | | | |
|
| (1) Amount reported as Unrecaptured Sec. 1250
Gain (Box 2b) is included in Total Long-Term Capital Gain (Box 2a). |
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Pursuant to Internal Revenue Code requirements, of the $0.22 per share
dividend declared on November 28, 2012 and paid January 16, 2013,
$0.1748773 per share is taxable in 2012 and $.0451227 per share will be
reported and is taxable in 2013.
No Alternative Minimum Taxable Income (“AMTI”) adjustment is included in
the current year for the recipients of distributions on the Common
shares.
The income tax treatment for the 2012 distributions for CBL & Associates
Properties, Inc., depositary shares representing 1/10th of a
share of the 7.75% Series C Preferred Stock, CUSIP # 124830-50-6
on the NYSE traded under ticker symbol "CBLPrC" is as follows:
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| |
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| | | | | | | | Distribution Type (Form 1099-DIV Box) |
| Declaration Dates | | Record Dates | | Payable Dates | | Distributions Per Share | | Ordinary Taxable Dividend (Box 1a) |
| Total Long-Term Capital Gain (Box 2a) |
| Unrecap. Sec. 1250 Gain (1) (Box 2b) |
| 02/24/12 | | 03/14/12 | | 03/30/12 | | $ | 0.484375 | | | $ | 0.484375 | | | $ | - | | | $ | - | |
| 06/01/12 | | 06/15/12 | | 06/29/12 | | $ | 0.484375 | | | $ | 0.484375 | | | $ | - | | | $ | - | |
| 08/30/12 | | 09/14/12 | | 09/28/12 | | $ | 0.484375 |
|
| $ | 0.484375 |
|
| $ | - |
|
| $ | - |
|
| | | | Totals | | $ | 1.453125 |
|
| $ | 1.4531250 |
|
| $ | - |
|
| $ | - |
|
| | | | Percentage | | | 100.000 | % | | | 100.000 | % | | | 0.000 | % | | | 0.000 | % |
| | | | | | | | | | | |
|
| (1) Amount reported as Unrecaptured Sec. 1250
Gain (Box 2b) is included in Total Long-Term Capital Gain (Box 2a). |
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No AMTI adjustment is included in the current year for the recipients of
distributions on the Series C Preferred shares.
On November 5, 2012, CBL completed the redemption of all 460,000
outstanding shares of 7.75% Series C Cumulative Redeemable Preferred
Stock (“Series C Share”) and all outstanding depositary shares each
representing 1/10th of a share of a Series C Share for a
total Redemption Price of $25.19375 per depositary share ($251.9375 per
Series C Share).
The income tax treatment for the 2012 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:
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| |
| |
| |
| |
| | | | | | | | Distribution Type (Form 1099-DIV Box) |
| Declaration Dates | | Record Dates | | Payable Dates | | Distributions Per Share | | Ordinary Taxable Dividend (Box 1a) |
| Total Long-Term Capital Gain (Box 2a) |
| Unrecap. Sec. 1250 Gain (1) (Box 2b) |
| 02/24/12 | | 03/14/12 | | 03/30/12 | | $ | 0.4609375 | | | $ | 0.4609375 | | | $ | - | | | $ | - | |
| 06/01/12 | | 06/15/12 | | 06/29/12 | | $ | 0.4609375 | | | $ | 0.4609375 | | | $ | - | | | $ | - | |
| 08/30/12 | | 09/14/12 | | 09/28/12 | | $ | 0.4609375 | | | $ | 0.4609375 | | | $ | - | | | $ | - | |
| 11/28/12 | | 12/14/12 | | 12/31/12 | | $ | 0.4609375 |
|
| $ | 0.4609375 |
|
| $ | - |
|
| $ | - |
|
| | | | Totals | | $ | 1.8437500 |
|
| $ | 1.8437500 |
|
| $ | - |
|
| $ | - |
|
| | | | Percentage | | | 100.000 | % | | | 100.000 | % | | | 0.000 | % | | | 0.000 | % |
| | | | | | | | | | | |
|
| (1) Amount reported as Unrecaptured Sec. 1250
Gain (Box 2b) is included in Total Long-Term Capital Gain (Box 2a). |
|
|
No 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 2012 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:
|
| |
| |
| |
| |
| | | | | | | | Distribution Type (Form 1099-DIV Box) |
| Declaration Dates | | Record Dates | | Payable Dates | | Distributions Per Share | | Ordinary Taxable Dividend (Box 1a) |
| Total Long-Term Capital Gain (Box 2a) |
| Unrecap. Sec. 1250 Gain (1) (Box 2b) |
| 11/28/12 | | 12/14/12 | | 12/31/12 | | $ | 0.3910600 |
|
| $ | 0.3910600 |
|
| $ | - |
|
| $ | - |
|
| | | | Totals | | $ | 0.3910600 |
|
| $ | 0.3910600 |
|
| $ | - |
|
| $ | - |
|
| | | | Percentage | | | 100.000 | % | | | 100.000 | % | | | 0.000 | % | | | 0.000 | % |
| | | | | | | | | | | |
|
(1) Amount reported as Unrecaptured Sec. 1250
Gain (Box 2b) is included in Total Long-Term Capital Gain (Box 2a). |
|
|
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 & 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 95 regional malls/open-air centers.
The properties are located in 27 states and total 91.8 million square
feet including 9.4 million square feet of non-owned shopping centers
managed for third parties. 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.
CBL & Associates Properties, Inc.
Katie Reinsmidt, 423-490-8301
Senior
Vice President - Investor Relations and Corporate Investments
katie_reinsmidt@cblproperties.com
Source: CBL & Associates Properties, Inc.