CBL & Associates Properties Announces Tax Reporting Information for 2009 Common and Preferred Share Distributions
January 20 2010 - 2:36PM
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) 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)
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) 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)
02/27/09 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) 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)
02/27/09 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.
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