EastGroup Properties Announces The Income Tax Treatment Of Its 2013 Distributions

JACKSON, Miss., Jan. 24, 2014 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) announced today the income tax treatment of its 2013 distributions as described below.  Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of EastGroup Properties distributions.

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Common Stock:
Ticker Symbol EGP, CUSIP #277 276 101

Record
Dates

Payment
Dates

Total
Distributions
Per Share

Total
Ordinary
Dividend

Total Capital
Gain
Distribution

Unrecaptured
Sec. 1250
Gain (1)

 

Nondividend

Distributions (2)

03/20/13

03/28/13

$.53

$.47472

$.00314

$.00067

$.05214

06/14/13

06/28/13

.53

.47472

.00314

.00067

.05214

09/19/13

09/30/13

.54

.48367

.00320

.00068

.05313

12/20/13

12/31/13

.54

.48367

.00320

.00068

.05313









TOTALS

$2.14

$1.91678

$.01268

$.00270

$.21054

Form 1099-DIV box


  1a

     2a

         2b

3

(1)   Unrecaptured Sec. 1250 Gain (box 2b) is a subset of, and is included in, the Total
        Capital Gain Distribution amount reported in box 2a of Form 1099-DIV.

(2)   Return of Capital

 

The Company did not incur any foreign taxes in 2013.  Of the total distributions during 2013, none are considered qualifying dividends for purposes of the federal 15% income tax rate.  Should you need any additional information, please call Bruce Corkern, Chief Accounting Officer, at 601-354-3555.

EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina.  The Company's goal is to maximize shareholder value by being the leading provider in its markets of functional, flexible, and quality business distribution space for location sensitive customers primarily in the 5,000 to 50,000 square foot range.  The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets.  EastGroup's portfolio currently includes 33.8 million square feet. 

EastGroup Properties press releases are available at www.eastgroup.net.

SOURCE EastGroup Properties, Inc.



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