CBL Properties Announces Tax Reporting Information for Common Stock Dividends

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--January 27, 2025-- 

CBL Properties $(CBL)$ today announced tax reporting (Federal 1099) information for the 2024 distributions on its Common stock.

The following table summarizes the nature of these cash distributions per share and provides the appropriate Form 1099-DIV box number:

CBL & Associates Properties, Inc., Common Stock

CUSIP# 124830-878

NYSE: CBL

 
                                                       2024 
                                                    Qualified                                Section 
                                           2024     Dividends   2024 Capital      2024         199A 
                                         Ordinary    Included       Gain      Non-Dividend  Dividends 
  Record       Payable    Distribution  Dividends   In Box 1a   Distribution  Distribution   (Box 5) 
    Date         Date       Per Share    (Box 1a)    (Box 1b)     (Box 2a)      (Box 3)        (1) 
-----------  -----------  ------------  ----------  ----------  ------------  ------------  ---------- 
03/15/2024   03/29/2024          $0.40  $0.3884934  $0.0000000    $0.0000000    $0.0115066  $0.3884934 
-----------  -----------  ------------  ----------  ----------  ------------  ------------  ---------- 
06/13/2024   06/28/2024          $0.40  $0.3884934  $0.0000000    $0.0000000    $0.0115066  $0.3884934 
-----------  -----------  ------------  ----------  ----------  ------------  ------------  ---------- 
09/13/2024   09/30/2024          $0.40  $0.3884934  $0.0000000    $0.0000000    $0.0115066  $0.3884934 
-----------  -----------  ------------  ----------  ----------  ------------  ------------  ---------- 
11/25/2024   12/11/2024          $0.40  $0.2562391  $0.0163903    $0.1377561    $0.0060048  $0.2398488 
-----------  -----------  ------------  ----------  ----------  ------------  ------------  ---------- 
                  Totals         $1.60  $1.4217193  $0.0163903   $ 0.1377561    $0.0405246  $1.4053290 
------------------------  ------------  ----------  ----------  ------------  ------------  ---------- 
              Percentage                   88.857%      1.153%        8.610%        2.533%     87.833% 
------------------------  ------------  ----------  ----------  ------------  ------------  ---------- 
 
 
(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. These amounts are a 
      subset of, and included in, the amounts in Box 1a. 
 

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."

 
                           Section 1061     Section 1061 
                              One-Year        Three-Year 
                               Amount           Amount 
  Record       Payable     Disclosure Per   Disclosure Per 
    Date         Date        Share (1)        Share (1) 
-----------  -----------  ---------------  --------------- 
03/15/2024   03/29/2024        $0.0000000       $0.0000000 
-----------  -----------  ---------------  --------------- 
06/13/2024   06/28/2024        $0.0000000       $0.0000000 
-----------  -----------  ---------------  --------------- 
09/13/2024   09/30/2024        $0.0000000       $0.0000000 
-----------  -----------  ---------------  --------------- 
11/25/2024   12/11/2024        $0.1377561       $0.1377561 
-----------  -----------  ---------------  --------------- 
                  Totals       $0.1377561       $0.1377561 
------------------------  ---------------  --------------- 
 
 
(1)   Represents the amount per share to be reported in Box 2a applicable to 
      the One-Year and Three-Year amounts. 
 

Supplementary Information for Non-U.S. Shareholders:

 
                           Section 897 
                             Ordinary     Section 897 
  Record       Payable      Dividends     Capital Gain 
    Date         Date      (Box 2e) (1)   (Box 2f) (1) 
-----------  -----------  -------------  ------------- 
03/15/2024   03/29/2024      $0.0000000     $0.0000000 
-----------  -----------  -------------  ------------- 
06/13/2024   06/28/2024      $0.0000000     $0.0000000 
-----------  -----------  -------------  ------------- 
09/13/2024   09/30/2024      $0.0000000     $0.0000000 
-----------  -----------  -------------  ------------- 
11/25/2024   12/11/2024      $0.0535016     $0.1377561 
-----------  -----------  -------------  ------------- 
                  Totals     $0.0535016     $0.1377561 
------------------------  -------------  ------------- 
 
 
(1)   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 91 properties totaling 57.7 million square feet across 21 states, including 55 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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    CONTACT: 

Investor Contact: Katie Reinsmidt, EVP & Chief Operating Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com

(END) Dow Jones Newswires

January 27, 2025 11:22 ET (16:22 GMT)