Taubman Centers Announces Taxable Allocations of 2009 Common and Preferred Share Dividend Distributions

BLOOMFIELD HILLS, Mich., Jan. 14 /PRNewswire-FirstCall/ -- Taubman Centers, Inc. (NYSE: TCO) announced today the tax allocations of the 2009 dividend distributions on its common shares and on its 8% Series G and 7.625% Series H Cumulative Redeemable Preferred Shares.    

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The 2009 distributions paid with respect to Taubman Centers, Inc. Common Stock (NYSE: TCO/Cusip no. 876664103) are as follows:

• Amounts reported to Direct Share Purchase and Dividend Reinvestment Plan participants will differ due to administrative costs.  Participants should refer to their Form 1099, which will be mailed in late January, and contact BNY Mellon Shareowner's Services at (888) 877-2889 for further information.
• For 2009, Taubman Centers, Inc. had no distributions to common stock holders allocable as qualified dividends.
• Taxability of the 2009 common dividend is not indicative of the taxability of future dividends.

The 2009 distributions paid with respect to Taubman Centers, Inc.  Series G Preferred Stock (NYSE: TCO PrG/Cusip no. 876664301) are as follows:

• For 2009, Taubman Centers, Inc. had no distributions to Series G Preferred Stock holders allocable as qualified dividends.
• Taxability of the 2009 dividend to Series G Preferred Stock holders is not indicative of the taxability of future dividends.

The 2009 distributions paid with respect to Taubman Centers, Inc.  Series H Preferred Stock (NYSE: TCO PrH/Cusip no. 876664400) are as follows:

• For 2009, Taubman Centers, Inc. had no distributions to Series H Preferred Stock holders allocable as qualified dividends.
• Taxability of the 2009 dividend to Series H Preferred Stock holders is not indicative of the taxability of future dividends.

For additional information, please refer to the Taubman Centers, Inc. website, www.taubman.com or call Mark Godek, Director of Tax Compliance at (248) 258-7667.

Taubman Centers is a real estate investment trust engaged in the development and management of regional and super regional shopping centers. Taubman's 24 U.S. owned and/or managed properties, the most productive in the industry, serve major markets from coast to coast. Taubman Centers is headquartered in Bloomfield Hills, Michigan and its Taubman Asia subsidiary is headquartered in Hong Kong. For more information about Taubman, visit www.taubman.com.

For ease of use, references in this press release to "Taubman Centers", "company" or "Taubman" mean Taubman Centers, Inc. or one or more of a number of separate, affiliated entities.  Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management's current views with respect to future events and financial performance. Actual results may differ materially from those expected because of various risks and uncertainties, including, but not limited to the continuing impacts of the U.S. recession and global credit environment, other changes in general economic and real estate conditions, changes in the interest rate environment and the availability of financing, and adverse changes in the retail industry. Other risks and uncertainties are discussed in the company's filings with the Securities and Exchange Commission including its most recent Annual Report on Form 10-K.

SOURCE Taubman Centers, Inc.