CBL Properties Announces Tax Reporting Information for 2023 Common Stock Dividends
January 25 2024 - 10:00AM
Business Wire
CBL Properties (NYSE:CBL) today announced tax reporting (Federal
1099) information for the 2023 distributions on its Common
stock.
CBL & Associates Properties, Inc., Common Stock
CUSIP# 124830-878 NYSE: CBL
Record
Date
Payable
Date
Distribution Per Share
2023 Ordinary Taxable
Dividends (Box 1a)
2023 Qualified Dividends
Included In Box 1a (Box 1b)
2023 Capital Gain
Distribution (Box 2a)
2023 Non-Dividend
Distribution (ROC) (Box 3)
Section 199A Dividends (Box 5)
(1)
03/15/2023
03/31/2023
$0.375
$0.3750000
$0.0000000
$0.0000000
$0.000000
$0.3750000
06/14/2023
06/30/2023
$0.375
$0.3750000
$0.0000000
$0.0000000
$0.000000
$0.3750000
09/15/2023
09/29/2023
$0.375
$0.3750000
$0.0000000
$0.0000000
$0.000000
$0.3750000
12/12/2023
12/29/2023
$0.375
$0.1904375
$0.0369062
$0.1845625
$0.000000
$0.1535313
Totals
$1.50
$1.3154375
$0.0369062
$0.1845625
$0.000000
$1.2785313
Percentage
87.696%
2.806%
12.304%
0.00%
85.235%
(1)
Under Section 199A, REIT dividends are
eligible for a 20% deduction when received by eligible taxpayers.
Please consult your tax advisor for proper tax treatment of the
dividend distribution.
No Alternative Minimum Taxable Income adjustment is included in
the current year for the recipients of the above distributions.
Section 1061 Disclosure Pursuant to Treas. Reg. §
1.1061-6(c), CBL Properties is disclosing below two additional
amounts related to the capital gain dividends reported in Form
1099-DIV Box 2a, Total Capital Gain Distr. for purposes of section
1061 of the Internal Revenue Code. Section 1061 is generally
applicable to direct and indirect holders of “applicable
partnership interests.”
Record
Date
Payable
Date
Section 1061 One-Year Amount
Disclosure
Section 1061 Three-Year Amount
Disclosure
03/15/2023
03/31/2023
$0.0000000
$0.0000000
06/14/2023
06/30/2023
$0.0000000
$0.0000000
09/15/2023
09/29/2023
$0.0000000
$0.0000000
12/12/2023
12/29/2023
$0.1845625
$0.1845625
Totals
$0.1845625
$0.1845625
Percentage (1)
100.00%
100.00%
(1)
Represents the percentage of the amount
reported in Box 2a applicable to the One-Year and Three-Year
amounts.
Supplementary Information for Non-U.S. Shareholders:
Record
Date
Payable
Date
Section 897 Ordinary Dividends
(Box 2e) (1)
Section 897 Capital Gain (Box
2f) (1)
03/15/2023
03/31/2023
$0.0260126
$0.0000000
06/14/2023
06/30/2023
$0.0000000
$0.0000000
09/15/2023
09/29/2023
$0.0000000
$0.0000000
12/12/2023
12/29/2023
$0.0000000
$0.1845625
Totals
$0.0260126
$0.1845625
(1)
Amounts represent the amount per share to
be reported in Box 2e and 2f on Form 1099-DIV.
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 owned and managed
portfolio is comprised of 94 properties totaling 58.5 million
square feet across 22 states, including 56 high-quality enclosed
malls, outlet centers and lifestyle retail centers as well as more
than 30 open-air centers and other assets. CBL seeks to
continuously strengthen 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.
CBL_CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20240125453452/en/
Investor Contact: Katie Reinsmidt, EVP & Chief Operating
Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com
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