CBL & Associates Properties Announces Tax Reporting Information for 2011 Common and Preferred Share Distributions
January 24 2012 - 11:17AM
Business Wire
CBL & Associates Properties, Inc. (NYSE: CBL) today
announced the tax reporting (Federal 1099) information for the 2011
distributions on its Common, Series C Preferred, and Series D
Preferred shares.
The income tax treatment for the 2011 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)
DeclarationDates
RecordDates
PayableDates
DistributionsPer Share
OrdinaryTaxableDividend(Box
1a)
Return
ofCapital
/Non-DividendDistributions(Box
3)
TotalLong-TermCapitalGain(Box
2a)
Unrecap.Sec.
1250Gain(1)(Box
2b)
02/28/11 03/30/11 04/15/11 $
0.2100 $ 0.2100000 $ - $ - $ -
06/01/11 06/30/11 07/15/11 $ 0.2100
$ 0.2100000 $ - $ - $ - 08/31/11
09/30/11 10/14/11 $ 0.2100 $ 0.2100000
$ - $ - $ - 11/30/11 12/30/11
01/16/12 $ 0.2100 $ 0.2100000
$ - $ -
$ - Totals $ 0.8400 $
0.8400000 $ - $ -
$ - 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).
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 2011 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:
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)
02/28/11 03/15/11 03/30/11 $
0.484375 $ 0.484375 $ - $ -
06/01/11 06/15/11 06/30/11 $ 0.484375
$ 0.484375 $ - $ - 08/31/11
09/15/11 09/30/11 $ 0.484375 $ 0.484375
$ - $ - 11/30/11 12/16/11
12/30/11 $ 0.484375 $ 0.484375
$ - $ -
Totals $ 1.937500 $ 1.9375000
$ - $ -
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 C Preferred shares.
The income tax treatment for the 2011 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:
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)
02/28/11 03/15/11 03/30/11 $
0.4609375 $ 0.4609375 $ - $ -
06/01/11 06/15/11 06/30/11 $ 0.4609375
$ 0.4609375 $ - $ - 08/31/11
09/15/11 09/30/11 $ 0.4609375 $
0.4609375 $ - $ - 11/30/11 12/16/11
12/30/11 $ 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.
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 159 properties, including 87 regional
malls/open-air centers. The properties are located in 26 states and
total 86.5 million square feet including 3.6 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.
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