CBL Properties Announces Tax Reporting Information for 2018 Common and Preferred Share Dividends
January 25 2019 - 4:15PM
Business Wire
CBL Properties (NYSE:CBL) today announced tax reporting (Federal
1099) information for the 2018 distributions on its Common, Series
D Preferred and Series E Preferred shares.
CBL & Associates Properties, Inc.,
Common Stock
CUSIP# 124830-10-0
NYSE: CBL
Record Date Payable Date
Distribution
Per Share
2018
Ordinary
Taxable
Dividend
(Box 1)
2018 Return of
Capital /
Non-Dividend
Distribution
(Box 3)
Section 199A
Dividends
(Box 5)
(A)
10/1/2018 10/16/2018 $0.20
$0.1656595 $0.0343405
$0.1656595 7/2/2018 7/16/2018
$0.20 $0.1656595 $0.0343405
$0.1656595 3/30/2018 4/17/2018
$0.20 $0.1656595
$0.0343405 $0.1656595 12/29/2017
1/16/2018 $0.20 $0.1656595
$0.0343405 $0.1656595 Totals
$0.80 $0.6626380
$0.1373620 $0.6626380 Percentage
82.83% 17.17%
82.83%
(A) This amount represents dividends
eligible for the 20% qualified business income deduction under
Section 199A.
Pursuant to Internal Revenue Code requirements, the $0.075 per
share dividend paid January 16, 2019, will be reported and is
taxable in 2019.
CBL & Associates Properties, Inc.,
depositary shares representing 1/10th of a
share
of the 7.375% Series D Preferred
Stock
CUSIP# 124830-60-5
NYSE: CBLPrD
Record Date Payable Date
Distribution
Per Share
2018
Ordinary
Taxable
Dividend
(Box 1)
2018 Return of
Capital /
Non-Dividend
Distribution
(Box 3)
Section 199A
Dividends
(Box 5)
(A)
12/14/2018 12/31/2018 $0.4609375
$0.4609375 $0.0000000
$0.4609375 9/14/2018 10/1/2018
$0.4609375 $0.4609375 $0.0000000
$0.4609375 6/15/2018 7/2/2018
$0.4609375 $0.4609375
$0.0000000 $0.4609375 3/15/2018
3/30/2018 $0.4609375 $0.4609375
$0.0000000 $0.4609375 Totals
$1.843750 $1.843750
$0.0000000 $1.843750 Percentage
100.00% 0.00%
100.00%
(A) This amount represents dividends
eligible for the 20% qualified business income deduction under
Section 199A.
CBL & Associates Properties, Inc.,
depositary shares representing 1/10th of a share
of the 6.625% Series E Preferred
Stock
CUSIP# 124830-80-3
NYSE: CBLPrE
Record Date Payable Date
Distribution
Per Share
2018
Ordinary
Taxable
Dividend
(Box 1)
2018 Return of
Capital /
Non-Dividend
Distribution
(Box 3)
Section 199A
Dividends
(Box 5)
(A)
12/14/2018 12/31/2018 $0.4140625
$0.4140625 $0.0000000
$0.4140625 9/14/2018 10/1/2018
$0.4140625 $0.4140625 $0.0000000
$0.4140625 6/15/2018 7/2/2018
$0.4140625 $0.4140625
$0.0000000 $0.4140625 3/15/2018
3/30/2018 $0.4140625 $0.4140625
$0.0000000 $0.4140625 Totals
$1.656250 $1.656250
$0.0000000 $1.656250 Percentage
100.00% 0.00%
100.00%
(A) This amount represents dividends
eligible for the 20% qualified business income deduction under
Section 199A.
No Alternative Minimum Taxable Income adjustment is included in
the current year for the recipients of the above distributions.
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 Properties
Headquartered in Chattanooga, TN, CBL Properties owns and
manages a national portfolio of market-dominant properties located
in dynamic and growing communities. CBL’s portfolio is comprised of
114 properties totaling 71.9 million square feet across 26 states,
including 73 high-quality enclosed, outlet and open-air retail
centers and 12 properties managed for third parties. CBL
continuously strengthens its company and portfolio through active
management, aggressive leasing and profitable reinvestment in its
properties. For more information visit 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" included therein, for a discussion of
such risks and uncertainties.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190125005455/en/
Investor Contact:Katie Reinsmidt, EVP & Chief Investment
Officer, 423.490.8301Katie.Reinsmidt@cblproperties.com
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