JERSEY CITY, N.J., Jan. 20, 2017 /PRNewswire/ -- Mack-Cali
Realty Corporation (NYSE: CLI) today announced the tax treatment of
its 2016 dividends. The Company's total distribution of
$0.60 per share of common stock
(CUSIP #554489104) is to be classified for income tax purposes as
follows:
RECORD
DATE
|
PAYMENT
DATE
|
CASH DISTRIBUTIONS PER SHARE
|
NONDIVIDEND
DISTRIBUTIONS
(RETURN OF
CAPITAL)
|
01/06/16
|
01/15/16
|
$
0.150000
|
$
0.150000
|
04/05/16
|
04/15/16
|
0.150000
|
0.150000
|
07/06/16
|
07/15/16
|
0.150000
|
0.150000
|
10/05/16
|
10/14/16
|
0.150000
|
0.150000
|
Totals
|
|
$
0.600000
|
$
0.600000
|
The fourth quarter 2016 distributions being made to shareholders
of record as of January 5, 2017 are
considered 2017 distributions for federal income tax purposes.
Shareholders are encouraged to consult with their tax advisors as
to their specific tax treatment of Mack-Cali Realty Corporation
dividends.
About Mack-Cali Realty Corporation
Mack-Cali Realty Corporation is a fully integrated,
self-administered, self-managed real estate investment trust (REIT)
providing management, leasing, development, and other
tenant-related services for its two-platform operations of
waterfront and transit-based office and luxury multi-family assets.
Mack-Cali provides its tenants and
residents with the most innovative communities that empower them to
re-imagine the way they work and live.
Additional information on Mack-Cali Realty Corporation and the
commercial real estate properties and multi-family residential
communities available for lease can be found on the Company's
website at www.mack-cali.com.
Statements made in this press release may be forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements can be
identified by the use of words such as "may," "will," "plan,"
"potential," "projected," "should," "expect," "anticipate,"
"estimate," "target," "continue," or comparable terminology. Such
forward-looking statements are inherently subject to certain risks,
trends and uncertainties, many of which the Company cannot predict
with accuracy and some of which the Company might not even
anticipate, and involve factors that may cause actual results to
differ materially from those projected or suggested. Readers are
cautioned not to place undue reliance on these forward-looking
statements and are advised to consider the factors listed above
together with the additional factors under the heading "Disclosure
Regarding Forward-Looking Statements" and "Risk Factors" in the
Company's Annual Reports on Form 10-K, as may be supplemented or
amended by the Company's Quarterly Reports on Form 10-Q, which are
incorporated herein by reference. The Company assumes no obligation
to update or supplement forward-looking statements that become
untrue because of subsequent events, new information or
otherwise.
Contacts:
|
Anthony
Krug
|
Deidre
Crockett
|
|
Mack-Cali Realty
Corporation
|
Mack-Cali Realty
Corporation
|
|
Chief Financial
Officer
|
Director of Investor
Relations
|
|
(732)
590-1030
|
(732)
590-1025
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/mack-cali-realty-corporation-announces-tax-treatment-of-2016-dividends-300394295.html
SOURCE Mack-Cali Realty Corporation