GGP Announces Tax Reporting Information for 2013 Distributions
CHICAGO, Jan. 22, 2014 /PRNewswire/ -- General Growth Properties, Inc. (NYSE: GGP) announced today the tax reporting information for 2013 distributions on its common stock and 6.375% Series A Cumulative Redeemable Preferred stock as shown below.
Distributions include an allocation of Unrecaptured Section 1250 Gain which is included in the Capital Gain Distribution figures. Distributions also include an Alternative Minimum Tax ("AMT") adjustment to increase each dividend recipient's Alternative Minimum Taxable Income ("AMTI").
Participants should refer to their Federal Form 1099, which will be mailed no later than January 31, 2014 and contact American Stock Transfer & Trust Company, LLC at (866) 627-2643 for further information. The amount and taxability of the 2013 distributions is not necessarily indicative of the amount or taxability of future distributions.
2013 TAX INFORMATION - Common Stock |
||||||||
Total |
Taxable |
Unrecaptured |
||||||
Record |
Payable |
Type of |
Distribution |
Total Taxable |
Ordinary |
Capital Gain |
Sec. 1250 |
AMTI |
Date |
Date |
Distribution |
Per Share |
Distribution |
Dividends |
Distribution |
Gain |
Preference |
12/14/2012 |
1/4/2013 |
Cash |
$0.110000 |
$0.110000 |
$0.058511 |
$0.051489 |
$0.018104 |
$0.000545 |
4/16/2013 |
4/30/2013 |
Cash |
$0.120000 |
$0.120000 |
$0.063830 |
$0.056170 |
$0.019750 |
$0.000594 |
7/16/2013 |
7/30/2013 |
Cash |
$0.120000 |
$0.120000 |
$0.063830 |
$0.056170 |
$0.019750 |
$0.000594 |
10/15/2013 |
10/29/2013 |
Cash |
$0.130000 |
$0.130000 |
$0.069149 |
$0.060851 |
$0.021396 |
$0.000644 |
12/13/2013 |
1/2/2014 |
Cash |
$0.140000 |
$0.140000 |
$0.074468 |
$0.065532 |
$0.023041 |
$0.000693 |
TOTAL |
$0.620000 |
$0.620000 |
$0.329788 |
$0.290212 |
$0.102041 |
$0.003070 |
||
PERCENT OF ANNUAL TOTAL |
100.00% |
53.19% |
46.81% |
|||||
2013 TAX INFORMATION - 6.375% Series A Cumulative Redeemable Preferred Stock |
||||||||
Total |
Taxable |
Unrecaptured |
||||||
Record |
Payable |
Type of |
Distribution |
Total Taxable |
Ordinary |
Capital Gain |
Sec. 1250 |
AMTI |
Date |
Date |
Distribution |
Per Share |
Distribution |
Dividends |
Distribution |
Gain |
Preference |
3/15/2013 |
4/1/2013 |
Cash |
$0.212500 |
$0.212500 |
$0.113032 |
$0.099468 |
$0.034973 |
$0.001052 |
6/14/2013 |
7/1/2013 |
Cash |
$0.398400 |
$0.398400 |
$0.211915 |
$0.186485 |
$0.065569 |
$0.001973 |
9/13/2013 |
10/1/2013 |
Cash |
$0.398400 |
$0.398400 |
$0.211915 |
$0.186485 |
$0.065569 |
$0.001973 |
12/13/2013 |
1/2/2014 |
Cash |
$0.398400 |
$0.398400 |
$0.211915 |
$0.186485 |
$0.065569 |
$0.001973 |
TOTAL |
$1.407700 |
$1.407700 |
$0.748777 |
$0.658923 |
$0.231680 |
$0.006971 |
||
PERCENT OF ANNUAL TOTAL |
100.00% |
53.19% |
46.81% |
ABOUT GGP
General Growth Properties, Inc. is a S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP's portfolio is comprised of 120 retail properties in the United States comprising approximately 125 million square feet. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.
Investor Contact: |
Media Contact: |
Kevin Berry, VP Investor Relations |
David Keating, VP Corporate Communications |
(312) 960-5529 |
(312) 960-6325 |
SOURCE General Growth Properties, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article