CBL Properties Announces Tax Reporting Information for 2018 Common and Preferred Share Dividends

Date : 01/25/2019 @ 9:15PM
Source : Business Wire
Stock : Cbl & Associates Properties, Inc. (CBL)
Quote : 1.17  0.07 (6.36%) @ 12:59AM

CBL Properties Announces Tax Reporting Information for 2018 Common and Preferred Share Dividends

CBL Properties (NYSE:CBL)
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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.

Investor Contact:Katie Reinsmidt, EVP & Chief Investment Officer, 423.490.8301Katie.Reinsmidt@cblproperties.com

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