Ramco-Gershenson Properties Trust Announces 2017 Year End Tax Reporting Information
January 26 2018 - 9:00AM
Ramco-Gershenson Properties Trust (NYSE:RPT) (the
“Company”) announced today that 2017 distributions on the Company’s
common shares of beneficial interest represent 95.2223% total
ordinary dividends and 4.7777% capital gain dividends. The
distributions on the common shares for 2017 were based upon a
quarterly rate of $0.2200 per share, resulting in an annual
distribution of $0.8800 per share. The fourth quarter distribution
for 2016 which was paid on January 3, 2017 was treated as paid in
two tax years for income tax purposes, $0.159818 was treated as
paid on and reported to shareholders on December 31, 2016 and
$0.060182 was treated as paid on and reported to shareholders on
January 3, 2017. The fourth quarter distribution for 2017, which
was paid on January 2, 2018 has been treated as paid on January 2,
2018 for income tax purposes.
Ramco-Gershenson also announced that 2017
distributions on the Company’s 7.25% Series D convertible perpetual
preferred shares of beneficial interest (NYSE:RPT.PD) represent
95.2223% total ordinary dividends and 4.7777% capital gain
dividends. The distributions on the Series D preferred shares for
2017 were based upon quarterly distributions of $0.90625 per share,
resulting in an annual distribution of $3.625 per share. The fourth
quarter distribution for 2016, which was paid on January 3, 2017
was treated as paid on December 31, 2016 for income tax purposes.
The fourth quarter distribution for 2017, which was paid on January
2, 2018 has been treated as paid in two tax years for income tax
purposes, $0.14333 has been treated as paid on December
31, 2017 and $0.76292 has been treated as paid on January 2,
2018.
REPORTING INFORMATION (FORM 1099) –
DISTRIBUTIONS
The income tax treatment for 2017 distributions
for Ramco-Gershenson Properties
Trust common shares of beneficial interest, CUSIP No.
751452202*, traded on the New York Stock Exchange
under ticker symbol RPT, is as follows (as reported on Form
1099-DIV):
*Also applies to CUSIP #751452103
Declaration Date |
Record Date |
Payable Date |
Gross Distribution per
Share |
TotalOrdinary Dividend- Box
1a |
QualifiedDividends - Box
1b (Included in Total Ordinary Dividend) |
Total Capital Gain Distribution - Box
2a |
Unrecaptured Section 1250 Gain - Box
2b (Included in Total Capital Gain Distribution) |
Non-dividendDistributions - Box 3 |
12/05/20163/07/2017 |
12/20/2016 3/20/2017 |
1/3/20174/3/2017 |
$0.060182$0.220000 |
$0.057307$0.209489 |
$0.000000$0.000000 |
$0.002875$0.010511 |
$0.002875$0.010511 |
$0.000000$0.000000 |
5/17/2017 |
6/20/2017 |
7/3/2017 |
$0.220000 |
$0.209489 |
$0.000000 |
$0.010511 |
$0.010511 |
$0.000000 |
8/29/2017 |
9/20/2017 |
10/2/2017 |
$0.220000 |
$0.209489 |
$0.000000 |
$0.010511 |
$0.010511 |
$0.000000 |
|
|
|
|
|
|
|
|
$0.000000 |
|
|
Total |
$0.720182 |
$0.685774 |
$0.000000 |
$0.034408 |
$0.034408 |
$0.000000 |
The income tax treatment for 2017 distributions
for Ramco-Gershenson Properties Trust 7.25% Series D preferred
shares of beneficial interest, CUSIP No. 751452608, traded on the
New York Stock Exchange under ticker symbol RPT.PD, is as follows
(as reported on Form 1099-DIV):
Declaration Date |
Record Date |
Payable Date |
Gross Distribution per Share |
Total Ordinary Dividend - Box
1a |
Qualified Dividends - Box 1b (Included in Total
Ordinary Dividend) |
Total Capital Gain Distribution - Box
2a |
Unrecaptured Section 1250 Gain -
Box2b(Included in Total Capital Gain Distribution) |
Non-dividend Distributions - Box
3 |
3/07/2017 |
3/20/2017 |
4/03/2017 |
$0.906250 |
$0.862952 |
$0.000000 |
$0.043298 |
$0.043298 |
$0.000000 |
5/17/2017 |
6/20/2017 |
7/03/2017 |
$0.906250 |
$0.862952 |
$0.000000 |
$0.043298 |
$0.043298 |
$0.000000 |
8/29/2017 |
9/20/2017 |
10/02/2017 |
$0.906250 |
$0.862952 |
$0.000000 |
$0.043298 |
$0.043298 |
$0.000000 |
11/29/2017 |
12/20/2017 |
1/02/2018 |
$0.143333 |
$0.136485 |
$0.000000 |
$0.006848 |
$0.006848 |
$0.000000 |
|
|
|
|
|
|
|
|
|
|
|
Total |
$2.862083 |
$2.725341 |
$0.000000 |
$0.136742 |
$0.136742 |
$0.000000 |
THIS INFORMATION REPRESENTS FINAL INCOME
ALLOCATIONS.
About Ramco-Gershenson Properties
Trust
Ramco-Gershenson Properties Trust
(NYSE:RPT) is a premier, national publicly-traded shopping
center real estate investment trust (REIT) based in Farmington
Hills, Michigan. The Company’s primary business is the ownership
and management of dynamic town centers and urban-infill
environments in key growth markets in the 40 largest metropolitan
markets in the United States. At September 30, 2017, the
Company owned interests in and managed a portfolio of 60 shopping
centers and two joint venture properties. At September 30, 2017,
the Company’s consolidated portfolio was 93.0% leased.
Ramco-Gershenson is a fully-integrated qualified REIT that is
self-administered and self-managed. For additional information
about the Company please visit www.rgpt.com or follow
Ramco-Gershenson on Twitter @RamcoGershenson and
facebook.com/ramcogershenson/.
This press release may contain forward-looking
statements that represent the Company’s expectations and
projections for the future. Management of Ramco-Gershenson believes
the expectations reflected in any forward-looking statements made
in this press release are based on reasonable assumptions. Certain
factors could occur that might cause actual results to vary,
including deterioration in national economic conditions, weakening
of real estate markets, decreases in the availability of credit,
increases in interest rates, adverse changes in the retail
industry, our continuing ability to qualify as a REIT and other
factors discussed in the Company’s reports filed with the
Securities and Exchange Commission.
Company Contact: Dawn L. Hendershot,
Senior Vice President of Investor Relations and
Public Affairs31500 Northwestern Highway, Suite
300Farmington Hills, MI
48334dhendershot@rgpt.com(248)
592-6202
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