General Growth Properties Announces Tax Reporting Information for 2007 Common Stock Distributions
January 12 2008 - 12:49AM
Business Wire
General Growth Properties, Inc. (NYSE:GGP) announced the tax
reporting information (Federal Form 1099) for the year 2007
distributions on its common stock. The federal income tax character
of the 2007 regular quarterly dividends paid with respect to
General Growth Properties, Inc. common stock is shown below.
Qualified dividend amounts represent distributions from taxable
REIT subsidiaries and will be taxed at the 15% maximum dividend tax
rate for those shareholders who qualify, generally non-corporate
taxpayers meeting certain holding period requirements. Ordinary
income dividend amounts represent the amount of the dividend
distribution which is not eligible for the 15% maximum dividend tax
rate. The Form 1099 box 1a amount will include both the qualified
dividends and the ordinary income dividends. Each distribution
includes an allocation of Unrecaptured Section 1250 Gain which is a
component of the Capital Gain Distribution. Each distribution also
includes an Alternative Minimum Tax (�AMT�) adjustment to increase
each dividend recipient�s Alternative Minimum Taxable Income
(�AMTI�). COMMON STOCK-CUSIP #370021107-Ticker Symbol GGP �
Character of Items of Income Included in Distributions per Share �
Other Reportable Items � � � � Nondividend � � � � Ordinary Capital
Distributions Unrecap. Payment Income Qualified Gain (Return of
Distributions Sec. 1250 AMTI Dates Dividends Dividends
Distributions Capital) Per Share Gain Preference 1/31/2007 $
0.239781 $ 0.121815 $ 0.014782 $ 0.073622 $ 0.450000 $ 0.010317 $
0.000981 4/30/2007 $ 0.239781 $ 0.121815 $ 0.014782 $ 0.073622 $
0.450000 $ 0.010317 $ 0.000981 7/31/2007 $ 0.239781 $ 0.121815 $
0.014782 $ 0.073622 $ 0.450000 $ 0.010317 $ 0.000981 10/31/2007 $
0.266424 $ 0.135349 $ 0.016425 $ 0.081802 $ 0.500000 $ 0.011464 $
0.001089 � � � � � � � � � � $ 0.985767 $ 0.500794 $ 0.060771 $
0.302668 $ 1.850000 $ 0.042415 � � � $ 0.004032 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 2007 common stock distributions is
not indicative of the taxability of future distributions. GGP is
one of the largest U.S.-based publicly traded Real Estate
Investment Trusts (REIT) based upon market capitalization. The
Company currently has ownership interest in, or management
responsibility for, a portfolio of more than 200 regional shopping
malls in 45 states, as well as ownership in master planned
community developments and commercial office buildings. The
Company�s portfolio totals approximately 200 million square feet
and includes over 24,000 retail stores nationwide. The Company is
listed on the New York Stock Exchange under the symbol GGP. For
more information, please visit the Company website at
http://www.ggp.com. This press release contains forward-looking
statements. Actual results may differ materially from the results
suggested by these forward-looking statements, for a number of
reasons, including, but not limited to, the retail market, tenant
occupancy and tenant bankruptcies, the level of indebtedness and
interest rates, market conditions, land sales in the Master Planned
Communities segment, the cost and success of development and
re-development projects and our ability to successfully manage
growth. Readers are referred to the documents filed by General
Growth Properties, Inc. with the SEC, specifically the most recent
report on Form 10-K, which further identify the important risk
factors which would cause actual results to differ materially from
the forward-looking statements in this release. The Company
disclaims any obligation to update any forward-looking statements.
GGP Inc. (NYSE:GGP)
Historical Stock Chart
From Jun 2024 to Jul 2024
GGP Inc. (NYSE:GGP)
Historical Stock Chart
From Jul 2023 to Jul 2024