BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC) today announced the tax allocations of 2018 distributions on its common shares and three series of preferred shares.
For shareholders of SITE Centers Corp. common and preferred shares, the Form 1099-DIV summarizes the allocation of 2018 distributions including the spin-off of Retail Value Inc. (NYSE: RVI) on July 2, 2018. The amounts indicated on Form 1099-DIV should be reported on shareholders’ 2018 federal income tax returns. The schedule below, presented on a per share basis, is provided for informational purposes only and should only be used to clarify the Form 1099-DIV.
Please note that the January 5, 2018 common share distribution is included in the tax allocations for 2018 and the January 4, 2019 common share distribution will be included in the tax allocations for 2019. Additionally, the company’s name and ticker symbol changed from DDR Corp. on October 12, 2018 and is reflected in the CUSIP column on the chart below.
Common Shares (NYSE:SITC)
|
Unrecaptured | |||||||||||||||||
Record | Payable | Ordinary | Total | Return of | Total |
Section 199A |
Sec. 1250 | |||||||||||
Period | CUSIP | Date | Date | Dividends | Capital Gain | Capital (1) | Distributions |
Dividends |
Gain | |||||||||
4Q17 | 23317H102 | 12/12/2017 | 01/05/2018 | 0.034188 | 0.000000 | 0.155812 | 0.190000 | 0.034188 | 0.000000 | |||||||||
1Q18 | 23317H102 | 03/16/2018 | 04/03/2018 | 0.034188 | 0.000000 | 0.155812 | 0.190000 | 0.034188 | 0.000000 | |||||||||
2Q18 | 23317H102 | 06/13/2018 | 07/03/2018 | 0.068376 | 0.000000 | 0.311624 | 0.380000 | 0.068376 | 0.000000 | |||||||||
RVI | 23317H102 | 06/26/2018 | 07/01/2018 | 0.578503 | 0.000000 | 2.636547 | 3.215050 | 0.578503 | 0.000000 | |||||||||
3Q18 | 23317H102 | 09/26/2018 | 10/10/2018 | 0.035987 | 0.000000 | 0.164013 | 0.200000 | 0.035987 | 0.000000 | |||||||||
Total | 0.751242 | 0.000000 | 3.423808 | 4.175050 | 0.751242 | 0.000000 | ||||||||||||
Preferred Class A Depositary Shares (NYSE:SITC_pa)
Unrecaptured | ||||||||||||||||||
Record | Payable | Ordinary | Total | Return of | Total | Section 199A | Sec. 1250 | |||||||||||
Period | CUSIP | Date | Date | Dividends | Capital Gain | Capital (1) | Dividends | Dividends | Gain | |||||||||
01/15/18 – 04/14/18 | 23317H870 | 03/29/2018 | 04/16/2018 | 0.398440 | 0.000000 | 0.000000 | 0.398440 | 0.398440 | 0.000000 | |||||||||
04/15/18 – 07/14/18 | 23317H870 | 06/29/2018 | 07/16/2018 | 0.398440 | 0.000000 | 0.000000 | 0.398440 | 0.398440 | 0.000000 | |||||||||
07/15/18 – 10/14/18 | 23317H870 | 09/28/2018 | 10/15/2018 | 0.398440 | 0.000000 | 0.000000 | 0.398440 | 0.398440 | 0.000000 | |||||||||
10/15/18 – 01/14/19 | 82981J885 | 12/28/2018 | 01/15/2019 | 0.398440 | 0.000000 | 0.000000 | 0.398440 | 0.398440 | 0.000000 | |||||||||
Total | 1.593760 | 0.000000 | 0.000000 | 1.593760 | 1.593760 | 0.000000 | ||||||||||||
Preferred Class J Depositary Shares (NYSE:SITC_pj)
Unrecaptured | ||||||||||||||||||
Record | Payable | Ordinary | Total | Return of | Total | Section 199A | Sec. 1250 | |||||||||||
Period | CUSIP | Date | Date | Dividends | Capital Gain | Capital (1) | Dividends | Dividends | Gain | |||||||||
01/15/18 – 04/14/18 | 23317H607 | 03/29/2018 | 04/16/2018 | 0.406250 | 0.000000 | 0.000000 | 0.406250 | 0.406250 | 0.000000 | |||||||||
04/15/18 – 07/14/18 | 23317H607 | 06/29/2018 | 07/16/2018 | 0.406250 | 0.000000 | 0.000000 | 0.406250 | 0.406250 | 0.000000 | |||||||||
07/15/18 – 10/14/18 | 23317H607 | 09/28/2018 | 10/15/2018 | 0.406250 | 0.000000 | 0.000000 | 0.406250 | 0.406250 | 0.000000 | |||||||||
10/15/18 – 01/14/19 | 82981J703 | 12/28/2018 | 01/15/2019 | 0.406250 | 0.000000 | 0.000000 | 0.406250 | 0.406250 | 0.000000 | |||||||||
Total | 1.625000 | 0.000000 | 0.000000 | 1.625000 | 1.625000 | 0.000000 | ||||||||||||
Preferred Class K Depositary Shares (NYSE:SITC_pk)
Unrecaptured | ||||||||||||||||||
Record | Payable | Ordinary | Total | Return of | Total | Section 199A | Sec. 1250 | |||||||||||
Period | CUSIP | Date | Date | Dividends | Capital Gain | Capital (1) | Dividends | Dividends | Gain | |||||||||
01/15/18 – 04/14/18 | 23317H805 | 03/29/2018 | 04/16/2018 | 0.390630 | 0.000000 | 0.000000 | 0.390630 | 0.390630 | 0.000000 | |||||||||
04/15/18 – 07/14/18 | 23317H805 | 06/29/2018 | 07/16/2018 | 0.390630 | 0.000000 | 0.000000 | 0.390630 | 0.390630 | 0.000000 | |||||||||
07/15/18 – 10/14/18 | 23317H805 | 09/28/2018 | 10/15/2018 | 0.390630 | 0.000000 | 0.000000 | 0.390630 | 0.390630 | 0.000000 | |||||||||
10/15/18 – 01/14/19 | 82981J869 | 12/28/2018 | 01/15/2019 | 0.390630 | 0.000000 | 0.000000 | 0.390630 | 0..90630 | 0.000000 | |||||||||
Total | 1.562520 | 0.000000 | 0.000000 | 1.562520 | 1.562520 | 0.000000 | ||||||||||||
(1) Represents a return of stockholders’ original investment
About SITE Centers Corp.
SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com. To be included in the Company’s e-mail distributions for press releases and other investor news, please click here.