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  

kevin.berry@ggp.com

david.keating@ggp.com 

(312) 960-5529

(312) 960-6325

SOURCE General Growth Properties, Inc.



Best of Content We Love 2014 


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.