SANTA MONICA, Calif.,
Jan. 12, 2021 /PRNewswire/ -- The
Macerich Company (NYSE: MAC) today announced the tax treatment for
dividend distributions taxable in 2020 on its Common Stock.
During the calendar year ended December
31, 2020 Macerich paid dividends of $1.55 per share. The 2020 dividends are
classified for income tax purposes as follows for The Macerich
Company, Common Stock, CUSIP # 554382101:
Record
Date
|
Payable
Date
|
Rate per
Share
|
2020 Taxable
Ordinary
Dividends
|
2020 Total
Capital Gain
Distribution
|
2020
Nondividend
Distribution
|
2/21/2020
|
3/3/2020
|
$0.75
|
$0.04
|
$0.01
|
$0.70
|
4/22/2020
|
6/3/2020
|
$0.50
|
$0.02
|
$0.01
|
$0.47
|
8/19/2020
|
9/8/2020
|
$0.15
|
$0.01
|
$0.0
|
$0.14
|
11/9/2020
|
12/3/2020
|
$0.15
|
$0.01
|
$0.0
|
$0.14
|
The 2020 Taxable Ordinary Dividends are treated as "qualified
REIT dividends" for purposes of Internal Revenue Code section
199A.
Macerich is a fully integrated, self-managed and
self-administered real estate investment trust (REIT), which
focuses on the acquisition, leasing, management, development and
redevelopment of regional malls throughout the United States.
Macerich currently owns 51 million square feet of real estate
consisting primarily of interests in 47 regional shopping centers.
Macerich specializes in successful retail properties in many of the
country's most attractive, densely populated markets with
significant presence on the West Coast and in Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized leader
in sustainability, Macerich has earned CDP A List status for five
years and achieved the GRESB Green Star rating in the North
American Retail Sector for six consecutive years, 2015-2020.
Additional information about Macerich can be obtained from the
Company's website at www.macerich.com
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SOURCE Macerich Company