GGP Ggp Inc. (delisted)

General Growth Properties, Inc. (NYSE:GGP) announced the tax reporting information (Federal Form 1099) for the year 2005 distributions on its common stock. The federal income tax character of the 2005 regular quarterly dividends paid with respect to General Growth Properties, Inc. common stock is shown below. Each distribution includes an Alternative Minimum Tax ("AMT") adjustment to increase each dividend recipient's Alternative Minimum Taxable Income ("AMTI"). -0- *T COMMON STOCK--CUSIP #370021107--Ticker Symbol GGP ------------------------------------------------- Payment Distributions Ordinary Return of AMTI Dates Per Share Income Capital Preference --------- ------------- -------- --------- ----------- 1/31/05 $0.36 $0.2400 $0.1200 $0.0200 4/29/05 $0.36 $0.2400 $0.1200 $0.0200 7/29/05 $0.36 $0.2400 $0.1200 $0.0200 10/31/05 $0.41 $0.2733 $0.1367 $0.0228 ------------- -------- --------- ----------- TOTALS $1.49 $0.9933 $0.4967 $0.0828 ============= ======== ========= =========== *T Amounts reported to GGP Dividend Reinvestment and Stock Purchase Plan participants will differ due to administrative costs. Participants should refer to their Form 1099 which will be mailed in the last week of January and contact Mellon Investor Services at 888-395-8037 for further information. Taxability of the 2005 common stock distributions is not indicative of the taxability of future distributions. General Growth Properties, Inc. is the second largest U.S.-based publicly traded Real Estate Investment Trust (REIT). General Growth currently has an ownership interest in or management responsibility for a portfolio of more than 200 regional shopping malls in 44 states, as well as ownership in planned community developments and commercial office buildings. The portfolio totals approximately 200 million square feet of retail space and includes over 24,000 retailers nationwide. General Growth Properties, Inc. is listed on the New York Stock Exchange under the symbol GGP. For more information, please visit the company website at www.generalgrowth.com. This release may contain forward-looking statements that involve risks and uncertainties. All statements other than statements of historical fact are statements that may be deemed forward-looking statements, which are subject to a number of risks, uncertainties and assumptions. Representative examples of these risks, uncertainties and critical accounting or other assumptions which could cause actual results to differ from those contained in the forward-looking statements include (without limitation) general industry and economic conditions, acts of terrorism, interest rate trends, cost of capital and capital requirements, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, changes in retail rental rates in the company's markets, shifts in customer demands, tenant bankruptcies or store closures, changes in vacancy rates at the company's properties, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes, changes in applicable laws, rules and regulations (including changes in tax laws), the ability to obtain suitable equity and/or debt financing, and the continued availability of financing in the amounts and on the terms necessary to support the company's future business. Readers are referred to the documents filed by General Growth Properties, Inc. with the SEC, specifically the most recent reports on Form 10-Q and 10-K, which identify important factors which could affect the forward-looking statements in this release.