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)