Inland Real Estate Corporation Announces Tax Allocation of 2015 Cash Distributions
January 19 2016 - 4:10PM
Business Wire
Inland Real Estate Corporation (NYSE: IRC) today announced the
tax allocation of the cash distributions paid during 2015 on its
preferred and common shares.
Each stockholder of record receiving cash distributions in 2015
will receive a Form 1099-DIV summarizing the allocation of his or
her cash distributions. Thus, the tax allocation provided in this
press release is provided for informational purposes only.
Stockholders are advised to consult with their tax advisors about
the specific tax treatment of cash distributions paid by Inland
Real Estate Corporation in 2015.
Inland Real Estate Corporation currently pays a cash dividend of
$0.169271 per share on a monthly basis to stockholders of its
8.125% Series A Cumulative Redeemable Preferred Stock. The
following table, presented on a per share basis, summarizes the tax
allocation determined by Inland Real Estate Corporation.
Preferred Shares (NYSE:IRCPrA)CUSIP: 457461408
Record Date Payment Date
DistributionPer Share
OrdinaryDividends
QualifiedDividends (1)
Total CapitalGain
NondividendDistributions
01/02/15 01/15/15 $ 0.169271 $
0.169271 $ 0.008900 $ — $
— 02/02/15 02/17/15 $ 0.169271 $
0.169271 $ 0.008900 $ — $
— 03/02/15 03/16/15 $ 0.169271 $
0.169271 $ 0.008900 $ — $
— 04/01/15 04/15/15 $ 0.169271 $
0.169271 $ 0.008900 $ — $
— 05/01/15 05/15/15 $ 0.169271 $
0.169271 $ 0.008900 $ — $
— 06/01/15 06/15/15 $ 0.169271 $
0.169271 $ 0.008900 $ — $
— 07/01/15 07/15/15 $ 0.169271 $
0.169271 $ 0.008900 $ — $
— 08/03/15 08/17/15 $ 0.169271 $
0.169271 $ 0.008900 $ — $
— 09/01/15 09/15/15 $ 0.169271 $
0.169271 $ 0.008900 $ — $
— 10/01/15 10/15/15 $ 0.169271 $
0.169271 $ 0.008900 $ — $
— 11/02/15 11/16/15 $ 0.169271 $
0.169271 $ 0.008900 $ — $
— 12/01/15 12/15/15 $ 0.169271 $
0.169271 $ 0.008900 $ — $
—
TOTAL $ 2.031252
$ 2.031252
$ 0.106800 $ —
$ —
Inland Real Estate Corporation currently pays a cash dividend of
$0.144791667 per share on a monthly basis to stockholders of its
6.95% Series B Cumulative Redeemable Preferred Stock. The following
table, presented on a per share basis, summarizes the tax
allocation determined by Inland Real Estate Corporation.
Preferred Shares (NYSE:IRCPrB)CUSIP: 457461507
Record Date Payment Date
DistributionPer Share
OrdinaryDividends
QualifiedDividends (1)
Total CapitalGain
NondividendDistributions
01/02/15 01/15/15 $ 0.144792 $
0.144792 $ 0.007613 $ — $
—
02/02/15 02/17/15 $ 0.144792 $
0.144792 $ 0.007613 $ — $
— 03/02/15 03/16/15 $ 0.144792 $
0.144792 $ 0.007613 $ — $
— 04/01/15 04/15/15 $ 0.144792 $
0.144792 $ 0.007613 $ — $
— 05/01/15 05/15/15 $ 0.144792 $
0.144792 $ 0.007613 $ — $
— 06/01/15 06/15/15 $ 0.144792 $
0.144792 $ 0.007613 $ — $
— 07/01/15 07/15/15 $ 0.144792 $
0.144792 $ 0.007613 $ — $
— 08/03/15 08/17/15 $ 0.144792 $
0.144792 $ 0.007613 $ — $
— 09/01/15 09/15/15 $ 0.144792 $
0.144792 $ 0.007613 $ — $
— 10/01/15 10/15/15 $ 0.144792 $
0.144792 $ 0.007613 $ — $
— 11/02/15 11/16/15 $ 0.144792 $
0.144792 $ 0.007613 $ — $
— 12/01/15 12/15/15 $ 0.144792 $
0.144792 $ 0.007613 $ — $
—
TOTAL $ 1.737504
$ 1.737504
$ 0.091356 $ —
$ —
Inland Real Estate Corporation currently pays a cash
distribution of $0.0475 per share to stockholders of its common
stock on a monthly basis. The following table, presented on a per
share basis, summarizes the tax allocation determined by Inland
Real Estate Corporation.
Common Shares (NYSE: IRC)CUSIP: 457461200
Record Date Payment Date
DistributionPer Share
OrdinaryDividends
QualifiedDividends (1)
Total CapitalGain
NondividendDistributions
12/31/14 01/20/15 $ 0.047500
$ 0.039151 $ 0.002058
$ — $ 0.008349 02/02/15 02/17/15
$ 0.047500 $ 0.039151
$ 0.002058 $ — $ 0.008349
03/02/15 03/17/15 $ 0.047500
$ 0.039151 $ 0.002058
$ — $ 0.008349 03/31/15 04/17/15
$ 0.047500 $ 0.039151
$ 0.002058 $ — $ 0.008349
04/30/15 05/18/15 $ 0.047500
$ 0.039151 $ 0.002058
$ — $ 0.008349 06/01/15 06/17/15
$ 0.047500 $ 0.039151
$ 0.002058 $ — $ 0.008349
06/30/15 07/17/15 $ 0.047500
$ 0.039151 $ 0.002058
$ — $ 0.008349 07/31/15 08/17/15
$ 0.047500 $ 0.039151
$ 0.002058 $ — $ 0.008349
08/31/15 09/17/15 $ 0.047500
$ 0.039151 $ 0.002058
$ — $ 0.008349 09/30/15 10/19/16
$ 0.047500 $ 0.039151
$ 0.002058 $ — $ 0.008349
11/02/15 11/17/15 $ 0.047500
$ 0.039151 $ 0.002058
$ — $ 0.008349 11/30/15 12/17/15
$ 0.047500 $ 0.039151
$ 0.002058 $ — $ 0.008349
TOTAL $ 0.570000
$ 0.469812
$ 0.024696 $ —
$ 0.100188
(1) Qualified Dividends is a subset of, and included in, the
2015 Ordinary Dividends.
About Inland Real Estate Corporation
Inland Real Estate Corporation is a self-advised and
self-managed publicly traded real estate investment trust focused
on owning and operating open-air neighborhood, community and power
shopping centers located in well-established markets primarily in
the Central and Southeastern United States. As of September 30,
2015, the Company owned interests in 135 investment properties,
including 36 owned through its unconsolidated joint ventures, with
aggregate leasable space of approximately 15 million square feet.
Additional information on Inland Real Estate Corporation is
available at http://www.inlandrealestate.com. To connect with
Inland Real Estate Corporation via LinkedIn, visit
http://www.linkedin.com/company/inland-real-estate-corporation, or
via Twitter at www.twitter.com/IRC_REIT.
Certain information in this supplemental information may
constitute "forward-looking statements" within the meaning of the
Federal Private Securities Litigation Reform Act of 1995.
Forward-looking statements are statements that do not reflect
historical facts and instead reflect our management's intentions,
beliefs, expectations, plans or predictions of the future.
Forward-looking statements can often be identified by words such as
"seek," “believe,” “expect,” “anticipate,” “intend,” “estimate,”
“may,” “will,” “should” and “could.” Examples of forward-looking
statements include, but are not limited to, statements that
describe or contain information related to matters such as
management's intent, belief or expectation with respect to our
financial performance, investment strategy or our portfolio, our
ability to address debt maturities, our cash flows, our growth
prospects, the value of our assets, our joint venture commitments
and the amount and timing of anticipated future cash distributions.
Forward-looking statements reflect the intent, belief or
expectations of our management based on their knowledge and
understanding of our business and industry and their assumptions,
beliefs and expectations with respect to the market for commercial
real estate, the U.S. economy and other future conditions.
Forward-looking statements are not guarantees of future
performance, and investors should not place undue reliance on them.
Actual results may differ materially from those expressed or
forecasted in forward-looking statements due to a variety of risks,
uncertainties and other factors, including but not limited to the
risks listed and described under Item 1A”Risk Factors” in our
Annual Report on Form 10-K for the year ended December 31, 2014, as
filed with the Securities and Exchange Commission (the “SEC”) on
February 27, 2015, as they may be revised or supplemented by us in
subsequent Reports on Form 10-Q and other filings with the SEC.
Except as otherwise required by applicable law, the Company
disclaims any obligation or undertaking to publicly release any
updates or revisions to any forward-looking statement in this
release to reflect any change in the Company's expectations or any
change in events, conditions or circumstances on which any such
statement is based.
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version on businesswire.com: http://www.businesswire.com/news/home/20160119006396/en/
Inland Real Estate Corporation Contact:Dawn Benchelt, Director
of Investor Relations(888) 331-4732ir@inlandrealestate.com
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